050 Writing a IRS Protest Appeal Letter
Federal Tax Update:
Tax Forms and payments due date for November 15 and December.
Flexible Spending Accounts (FSA) revisions to carryover. If the FSA plan is amended, you can carryover $500 to the next plan year.
Derivative Contract regulations have been finalized
State Tax Update:
Utah is offering 18% collection discount incentives for out-of-state sellers to collect and remit sales and use tax to Utah from out-of-state sales made to Utah customers should the Marketplace Fairness act doesn’t pass.
Michigan has introduced a Click-Through Nexus and Affiliate sales tax bill.
Alabama is asking for a decision on the fuel tax for rail cars companies. State of Alabama does not charge a fuel tax for other transportation companies.
Amazon Is collecting more sales tax from customers this week bringing the total number of States where Amazon is collecting sales tax to 16.
For the Main Tax Topic, I discuss what needs to be included in the protest letter to appeal a IRS determination or letter to the appeals.
The link to the FSA information is: http://www.jdsupra.com/legalnews/health-flexible-spending-accounts-modi-38874/?utm_source=jds&utm_medium=twitter&utm_campaign=tax
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Navigating The Tax Headline of the Week
NewsletterQ&A coming soon.
Tax TipsThe Additional Child Tax Credit is available on dependents under the age of 17.
- CIRCULAR 230 DISCLOSURE "We are required by IRS Circular 230 to inform you that the advice contained herein (including all attachments) was not intended or written to be used for the purpose of avoiding any penalties that may be imposed under Federal tax law and cannot be used by you or any other taxpayer for the purpose of avoiding such penalties."
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