Share to Twitter Share to Linkedin The Supreme Court has been busy the last couple of weeks. In addition to issuing several decisions it granted a writ of certiorari for a case that will determine how penalties apply for non-willful violations of foreign account compliance reporting. But in late May it handed taxpayers with certain types of collections actions before the IRS a big win with its unanimous decision in Boechler, P.C. v. Commissioner of Internal Revenue. Boechler had a collections matter (the IRS was going to levy its property) before the IRS and requested and received a collection due process (CDP) hearing with the IRS Office of Appeals, but the Office sustained the proposed levy. When a taxpayer disagrees with an IRS Appeals decision, they have a fixed period of time to petition the U.S. Tax Court to review their case. The taxpayer has 90 days to petition for review of an exam (audit) appeal, after receiving a statutory notice of deficiency … [Read more...] about Supreme Court Gives Taxpayers In IRS Collections Cases A Win
Irs deadline extended
Share to Twitter Share to Linkedin The Supreme Court does not muck around with Tax Court decisions very much. So Boechler, P.C v, Commissioner of Internal Revenue has a small but passionate group of people excited. It was a unanimous opinion delivered by Amy Coney Barrett. She managed to work in a hat tip to the late Justice Antonin Scalia, whom she clerked for and who was a pal of Ruth Bader Ginsburg, whose seat Barrett occupies. The decision is about the deadline for filing an appeal of the IRS decision in a Collection Due Process Hearing. What Is A Collection Due Process Hearing? If it has been determined that you owe money to the IRS and you don't just send them a check, you will at some point hear from the collection people. It starts with annoying mail. It may end there and if ten years goes by you are olly olly oxen free. If you are not so lucky you will at some point get some mail to the effect that they are filing a lien or intend to levy you … [Read more...] about Supreme Court Boechler Decision Cuts Some Slack In Tax Court Deadline
Most of the large merchants have complied with the RBI's card-on-file (CoF) tokenisation norms and 19.5 crore tokens have been issued so far, sources said. The RBI had directed the merchants to implement its tokenisation norms by June 30, 2022. The central bank has twice extended the deadline of its implementation in the past. Card-on-file or CoF refers to card information stored by payment gateway and merchants to process future transactions. According to the sources, the system is fairly well prepared as most large merchants have already adjusted. Some of them are in the process of doing it, while for some foreign entities business may not be that large for them to focus on making these changes, the sources said. There are about 19.5 crore tokens have already been issued so far and it is going up regularly, they added. Under tokenisation services, a unique alternate code is generated to facilitate transactions through cards. The RBI in last September prohibited merchants … [Read more...] about Most large merchants comply with card tokenisation as deadline nears
Share to Twitter Share to Linkedin The Biden administration announced on Friday that it has approved over $8 billion in student loan forgiveness for 145,000 borrowers, under a temporary expansion of the Public Service Loan Forgiveness (PSLF) program. But the initiative is set to end in just a few months. And advocates are calling on Biden to extend it. Here are the details. Biden Administration Approves Billions in Student Loan Forgiveness Under Expanded PSLF Program In October, the Biden administration announced a broad (but temporary) expansion of the Public Service Loan Forgiveness (PSLF) program . Borrowers who commit to working for at least 10 years for certain nonprofit or government organizations can get their federal student loans forgiven through PSLF. But historically, the PSLF program has been plagued by low approval rates, complicated eligibility rules, and poor oversight. The expansion —which the Biden administration has dubbed the … [Read more...] about Education Department Approves $8.1 Billion In Student Loan Forgiveness Under Expiring Program — Will Biden Extend It?
A woman takes a picture of a globe at the COP21, the United Nations Climate Change Conference Monday, Dec. 7, 2015 in Le Bourget, north of Paris. The Paris conference is the 21st time world governments are meeting to seek a joint solution to climate change. The talks are focused on reducing emissions of carbon dioxide and other greenhouse gases, primarily by shifting from oil, coal and gas to cleaner sources of energy. AP LE BOURGET — Weary envoys from 195 nations battling to forge an accord to save mankind from disastrous global warming emerged Thursday from all-night talks facing an imminent deadline with deal-breaking rows still unresolved. More than two decades of bruising international diplomacy have failed to produce such a pact, which would require the world’s energy system to cut back on burning coal, oil and gas that releases planet-warming gases. The 195-nation UN talks in the French capital have been billed as the last chance to avert worst-case-scenario climate … [Read more...] about Crunch time after all-night climate talks in Paris
Share to Twitter Share to Linkedin Whatever way you look at it, the U.S. cannabis industry is booming, and so is its employment outlook: A 2022 jobs report from Leafly shows the creation of more than 100,000 cannabis jobs in 2021, a 33 percent increase over previous years. And in an industry that last year expanded for the fifth year in a row, cannabis job growth was a stunning 27 percent, versus the 8 percent job growth the government projected across the board for all industries for the next decade. In all, cannabis now supports more than 428,000 jobs, Leafly reports. That leaves the question of who will fill those positions and the additional jobs to follow. Sure, high school grads can take lower-wage jobs in dispensaries and cultivation outlets, But where the industry really needs new blood is higher up the ladder, in technology and especially in ideas, says Anthony Dutcher, chief marketing officer for Verihea l, a cannabis healthcare tech company. … [Read more...] about Higher Ed: Cannabis-Career-Bound Students May Now Apply For College Scholarships
Share to Twitter Share to Linkedin High school students committed to a path to medicine might be considering direct medical, or BS/MD programs. These programs allow students to matriculate directly to the partnered medical school after earning their bachelor’s degree, making it an attractive option to students who are positive they want to pursue their medical degree. One such program is The College of New Jersey (TCNJ)’s 7-Year Medical Program . Students earn their undergraduate degree from TCNJ in three years and then matriculate to the New Jersey Medical School. Interview with The College of New Jersey 7-Year Medical Program Moon Prep sat down with Dr. Sudhir Nayak , professor and co-director of the 7-Year Medical Program at the College of New Jersey. The interview sheds light on the admission process and how students can be competitive BS/MD candidates, even in the coronavirus era. The full interview can be viewed here . Kristen Moon: What … [Read more...] about Top Insights Into The College Of New Jersey’s 7-Year Medical Program