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IRS: New contracts awarded to private collection agencies; taxpayers may be contacted by one of three groups
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IRS sent thousands of premature tax collection notices during pandemic
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Can't Pay Your Taxes Yet? Here's How to Request an Extension
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Everyone is on edge.
In recent conversations about county finances with officials, staff members and outside agencies, everyone chooses their words carefully, speaking with diplomacy to avoid inflaming an already volatile situation.
The tense atmosphere was apparent during the most recent meeting of the Humboldt County Audit Committee, an oversight group that was formed specifically to address rampant dysfunction in the county’s fiscal management, which has devolved into a slow-motion catastrophe of overdue reports, disgruntled county contractors, internal investigations and cross-departmental power struggles.
As you’ll read below, one department head recently told county supervisors she’s never been more worried about the state of the county’s finances. Staffers tell the
Chancellor v. Comm’r, T.C. Memo. 2021-50 | May 4, 2021 | Urda, J. | Dkt. No. 20389-18
Short Summary
: Ms. Chancellor claimed deductions on her 2015 federal income tax return related to business expenses, charitable contributions, and State and local tax. The IRS disallowed the deductions and issued a notice of deficiency. Ms. Chancellor filed a petition with the United States Tax Court challenging the proposed adjustments in the notice of deficiency.
Key Issue: Whether Ms. Chancellor has adequately substantiated her claimed deductions.
Primary Holdings
Key Points of Law
:
The Commissioner’s determinations in a notice of deficiency are presumed correct and the taxpayer generally bears the burden to prove them correct. Rule 142(a);