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15 Nice-Try Tax Breaks Rejected by the IRS
(Kiplinger) - Over the years, taxpayers have concocted a lot of zany arguments to justify their tax breaks. We've come up with 15 of the most creative ones that the courts decided did not quite work.
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Lesson From The Tax Court: What Is 'New Matter' That Shifts Burden Of Proof To IRS?
(TaxProf Blog) - Tax Court Rule 142 provides that “the burden of proof” in a Tax Court case is generally on the taxpayer. Among the exceptions is the “new matter” exception. When the IRS introduces a “new matter” it bears the burden of proof.
Financial Planning Focus on Dividends
(CPA Journal) - With stocks at or near record levels, prudent financial planning might call for taking defensive measures. One strategy could be to focus on dividend-paying stocks. Companies that make enough money to distribute some to shareholders tend to be financially strong, and they generally have held up reasonably well during market pullbacks.
2020 Sales Tax Holidays - State-by-State Guide
(CPA Practice Advisor) - Here is a list of the 2020 sales tax holidays, with links to the most up-to-date state information provided by state tax departments. Some departments update dates and information closer to the time of the upcoming sales tax holidays.
Now Microsoft Wants To Secure Your iPhone
(Forbes) - Microsoft and Apple may seem like odd security-bedfellows, or at least at odds with each other, but a public preview of a Microsoft Defender Advanced Threat Protection (ATP) client for business Macs started last year.
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