Monthly Archives: June 2023

The Supreme Court Takes Up a Wealth Tax; You May Need to File a Protective Claim for Refund

Posted on June 26, 2023 by Russ

At the end of 2017, Congress passed the Tax Cuts and Jobs Act (TCJA).  This complex measure added some deductions (such as the Deduction for Qualified Business Income), added restrictions on other deductions (such as the $10,000 limit on taxes … Continue reading →

Posted in IRS, Supreme Court | Tagged | Comments Off on The Supreme Court Takes Up a Wealth Tax; You May Need to File a Protective Claim for Refund

The Flu Strikes

Posted on June 15, 2023 by Russ

On Monday, I went home around 1pm.  I felt awful.  When I got home I discovered why: I had a fever of 100.  It peaked at 103, but I’m still in triple digit land.  Worse, I appear to be a … Continue reading →

Posted in Taxable Talk | Comments Off on The Flu Strikes

When the IRS Computer Sends Out Lots of Bad Notices…

Posted on June 7, 2023 by Russ

Almost everyone in California has an extension for filing and paying their taxes until October 16th (a result of the flooding in the state in January).  The IRS certainly know about this: they issued multiple announcements on the extensions.  Thus, … Continue reading →

Posted in California, IRS | Tagged | Comments Off on When the IRS Computer Sends Out Lots of Bad Notices…