Today in 1913: The Revenue Act of 1913 establishes the modern-day federal income tax system

Oct 3, 2014 By: Jeremy Byellin

Signed into law on October 3, 1913, the Revenue Act of 1913 laid the foundation for the federal income tax system that we know and love today.

In Come 2012 Taxes: GE’s tax shelter isn’t really, says appeals court

Jan 25, 2012 By: Jeremy Byellin

General Electric subsidiary TIFD III–E’s partnership with two Dutch banks doesn’t quite provide the tax benefits GE had hoped, an appeals court ruled yesterday.

In Come 2012 Taxes: Can anyone really trust the IRS anymore?

Jan 18, 2012 By: Jeremy Byellin

After the IRS pulled a bait-and-switch in its 2009 Offshore Voluntary Disclosure Program, the damage to its credibility will very likely affect future voluntary disclosure programs.

In Come 2012 Taxes: FACT(A)-finding on foreign accounts

Jan 11, 2012 By: Jeremy Byellin

On March 18, 2010, the Foreign Account Tax Compliance Act was signed into law, making it one of the largest changes to the tax code in almost a decade.

In Come 2012 Taxes: Home Concrete and legal tax reduction

Jan 4, 2012 By: Jeremy Byellin

U.S. v. Home Concrete & Supply, currently before the Supreme Court, illustrates the difficulty of determining what exactly is a lawful reduction of tax liability.