IRS provides additional details on transition tax on untaxed foreign earnings

In IR-2019-128, published on July 16, 2019, the Internal Revenue Service provided additional information to help taxpayers meet their filing and payment requirements for the Section 965 transition tax on untaxed foreign earnings.

Eight Circuit Court of Appeals Upholds Validity of Medicaid Annuity and Deals a Blow to Numerous States

The Eighth Circuit Court of Appeals (one of the highest courts in the U.S.) has re-affirmed that Medicaid annuities are still a very important and powerful way to obtain Medicaid coverage for nursing home residents….

IRS ANNOUNCES SIGNIFICANT FEDERAL INCOME TAX CHANGES FOR 2013

The Internal Revenue Service recently  announced  annual inflation adjustments for tax year 2013, including the tax rate schedules, and other tax changes from the recently passed American Taxpayer Relief Act of 2012. The tax items for 2013…

Texas HB 11 Sales Tax Audits Successful for Auditor, Disaster for Retailer

Beginning on January 1, 2008, the Texas Comptroller of Public Accounts was given a very powerful and effective sales tax auditing tool by the Texas Legislature.  The Criminal Investigation Division of the Comptroller’s Office recently…

The IRS Gives Employees a Whistle to Blow and Employers a Safe Harbor

The IRS has given an employee worker wrongly classified as an independent contractor a very loud whistle to blow and employers the means to obtain an advance determination of worker classification to avoid future disputes…

Message to Congress: Stop Using the Tax Code for Purposes Other Than Raising Revenue

The Constitution provides that Congress has the power to impose taxes and borrow money to “pay the Debts and provide for the common Defense and general Welfare of the United States.” This authority is generally…

IRS Policing Healtcare – KETK with Peter Milne

KETK interviews managing partner Peter G. Milne on March 23rd, 2010 regarding the new healthcare policy. Read the full article Here. Video courtesy of KETK NBC Tyler.

The IRS is Hiring–A Bad Dog Looks for New Bones

At a continuing education seminar tailored for tax attorneys and certified public accountants held in Austin, Texas in December of 2009, officials from the IRS flew out from Washington and announced that up to 2,500 new Revenue…

Healy Milne & Associates Website Update

The Healy Milne & Associates team is happy to release our new website. Make sure to read about our attorneys Peter G. Milne and Sean P. Healy and our staff. Subscribe to our RSS Feed…

Estate-Tax Repeal Means Some Spouses Are Left Out and 2010 is a Great Year to Die

Because of congressional “malpractice”, the federal estate tax is repealed for all of 2010. As reported by Martin Vaughn in the January 2-3, 2009 issue of the Wall Street Journal, certain provisions included in most…