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Tag Archives: IRS

Law firms respond to ‘white-hot’ practice area

Two years after the “bounty” provisions of the Dodd-Frank Act on financial reforms took effect, whistleblower matters remain a sizzling growth area for lawyers in employment or finance and securities practice areas — or, as is increasingly common, on a law firm interdisciplinary team that harnesses expertise from both fields.

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US Supreme Court rules farm sale income tax not dischargeable in bankruptcy

The federal income tax liability resulting from the sale of a farm after a Chapter 12 bankruptcy filing is not “incurred by the estate” under §503(b) of the Bankruptcy Code and thus is neither collectible nor dischargeable in the bankruptcy plan, the U.S. Supreme Court has ruled.

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Suit challenges federal licensing of tax preparers

After three decades as a part-time tax preparer, 80-year-old Elmer Kilian of Eagle, Wis., is concerned that new IRS regulations may prevent him from hanging out his shingle. Kilian is one of three plaintiffs filing a federal lawsuit this week that challenges new licensure requirements for hundreds of thousands of tax preparers across the nation.

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