Tax Relief Blog

Protective refund claim – possible tax recovery

April 16, 2008 | Mike Habib, EA

No refund suit is allowed in the absence of a timely claim filed with IRS

U.S. v. Clintwood Elkorn Mining Co., (S Ct 4/15/2008) 101 AFTR 2d ¶ 2008696

The Supreme Court, reversing the Court of Appeals for the Federal Circuit, has held that the plain language of Code Sec. 7422(a) and Code Sec. 6511 requires a taxpayer seeking a refund of a tax assessed in violation of the Export Clause of the U.S. Constitution, just as for any other unlawfully assessed tax, to file a timely administrative refund claim with IRS before bringing suit against the Government.

Truck Drivers – Trucking Company Tax Problem Resolution

April 15, 2008 | Mike Habib, EA

IRS acquiesces to TLC Leasing – explains meals deduction limit in employee leasing setting Rev Rul 2008-23, 2008-18 IRB

TRUCKER TAX RELIEF & TRUCKER TAX PROBLEM RESOLUTION

Trucking Tax & Accounting: Back Taxes – Unfiled delinquent tax returns – IRS & State audits – Messy books / accounting

Non US Person Tax Problem Resolution

April 14, 2008 | Mike Habib, EA

IRS Begins Focus on Foreign Athletes and Entertainers

The IRS recently launched an Issue Management Team focused

on improving U.S. income reporting and tax payment compliance by foreign athletes and entertainers who work in the United States. The initial focus is on those engaged in tennis, golf and music. These individuals and those associated with arranging their appearances in the U.S. and managing their financial affairs are typically high income individuals. Because of this, it is important to ensure proper tax reporting and payment.

NOL Net Operating Loss Carryback Ruling

April 14, 2008 | Mike Habib, EA

Failure to follow IRS procedure prevented use of longer NOL carryback

Tualatin Valley Builders Supply, Inc. v. U.S. 101 AFTR 2d ¶ 2008688

Mike Habib, EA

US employers and foreign employees tax problem

April 11, 2008 | Mike Habib, EA

IRS rules that withholding exceptions for employees in foreign country don’t apply – Chief Counsel Advice 200814010

Mike Habib, EA

myIRSTaxRelief.com

Net operating loss carryback – REITs property tax relief

April 11, 2008 | Mike Habib, EA

Foreclosure Prevention Act of 2008 – S

enate passes housing stimulus bill

Mike Habib, EA
myIRSTaxRelief.com

On Apr. 10, the Senate by a vote of 84 to 12 approved H.R. 3221, the “Foreclosure Prevention Act of 2008,” the Senate housing stimulus bill. Before final passage of the bill, the Senate approved an amendment offered by Senator John Ensign (R-NV) that would extend various clean energy production incentives.