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Joint Committee on Taxation

Washington Alert – RSC’s tax choices; TIGTA on filing season; JCT on background for business reform; TIGTA alert re IRS and phony iTunes gift cards

Washington Alert – RSC’s tax choices; TIGTA on filing season; JCT on background for business reform; TIGTA alert re IRS and phony iTunes gift cards

On April 22, the Republican Study Committee (RSC) released the conservative caucus’s tax policy recommendations. Perhaps most eye-catching of the suggestions was a proposal to repeal (sunset) the current tax Code at the end of 2019 in order to force Congress to finally act on comprehensive tax reform. Other suggestions included: collapsing the current seven […]

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Ways and Means Committee examines options for U.S. international tax reform

Ways and Means Committee examines options for U.S. international tax reform

Joint Committee on Taxation, ” Present Law and Recent Global Developments Related to Cross-Border Taxation” (Feb. 23, 2016). On February 24, the House Ways and Means Committee held a public hearing to focus on the global tax environment in 2016 and implications for U.S. international tax reform. Expert witnesses and members of the committee weighed […]

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Washington Alert – Applications for Low Income Taxpayer Clinic (LITC) grants; Conn senators question charitable donations of conservation easements; Revisions of Publication 974, Premium Tax Credit; JCT paper on Present Law, Data, and Selected Proposals Relating to Multiemployer Defined Benefit Plans

Washington Alert – Applications for Low Income Taxpayer Clinic (LITC) grants; Conn senators question charitable donations of conservation easements; Revisions of Publication 974, Premium Tax Credit; JCT paper on Present Law, Data, and Selected Proposals Relating to Multiemployer Defined Benefit Plans

IRS announced that it is soliciting applications for “part-year” Low Income Taxpayer Clinic (LITC) matching grants from qualified organizations in specific geographic areas. (IR 2016-31) The supplemental application period will run from Mar. 1 to Apr. 1. LITCs provide representation to low-income taxpayers and education regarding taxpayer rights and responsibilities to individuals who speak English […]

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JCT updates list of expiring provisions to reflect year-end extenders legislation

JCT updates list of expiring provisions to reflect year-end extenders legislation

Joint Committee on Taxation, List of Expiring Federal Tax Provisions 2016-2025 (JCX-1-16), January 8, 2016. The Protecting Americans from Tax Hikes (PATH) Act and Consolidated Appropriations Act, 2016, went well beyond what many expected would be another short-term, blanket extension of the temporary “extender” tax provisions that had been expired for most of a year. Some provisions […]

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Washington Alert – DHS investigates inverted corporations; IRS Whistleblower Office receives lots of attention; U.S. & Vietnam sign accord; U.S. & India sign IGA; JCT Report on Excise Taxes

Washington Alert – DHS investigates inverted corporations; IRS Whistleblower Office receives lots of attention; U.S. & Vietnam sign accord; U.S. & India sign IGA; JCT Report on Excise Taxes

A bicameral group of seven Democrats on July 9 called on the chief watchdog of the Department of Homeland Security (DHS) to investigate the possible violation of “multiple federal prohibitions on contracting with inverted corporations.” (Letter to John Roth, Office of Inspector General, Department of Homeland Security) The letter referred to a recent article which […]

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Washington Alert – JCT document on Budget, CBO discusses policy options for increasing federal revenues, and IRS instructional YouTube videos

Washington Alert –  JCT document on Budget, CBO discusses policy options for increasing federal revenues, and IRS instructional YouTube videos

The Joint Committee on Taxation (JCT) on Dec. 20 published a document entitled “Description of Certain Revenue Provisions Contained in the President’s Fiscal Year 2014 Budget Proposal.” (JCS-4-13) The document provides both a description and analysis of certain revenue provisions modifying the Code. “Because many of the provisions in the 2014 budget proposal are substantially […]

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Blue Book explains new rule in Taxpayer Relief Act on rollover to a designated Roth account

Blue Book explains new rule in Taxpayer Relief Act on rollover to a designated Roth account

In the “Blue Book” for the recently enacted American Taxpayer Relief Act of 2012 (Taxpayer Relief Act of 2012, P.L. 112-240, 1/2/1013) – officially the “General Explanation of Tax Legislation Enacted in the 112th Congress” – the Joint Committee on Taxation (JCT) provides a detailed explanation of the pension provision in Code Sec. 402A(c)(4)(E). This […]

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Blue Book explains Taxpayer Relief Act of 2012 & other recent legislation

Blue Book explains Taxpayer Relief Act of 2012 & other recent legislation

The staff of the Joint Committee on Taxation (JCT) has published a “General Explanation of Tax Legislation Enacted in the 112th Congress,” also known as the “Blue Book.” It contains helpful explanations on recent tax legislation, and is especially valuable for its coverage of the American Taxpayer Relief Act of 2012, since this law was […]

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Joint Committee on Taxation publishes overview of federal tax system

Joint Committee on Taxation publishes overview of federal tax system

Occasionally, clients will mention that they read something about the Joint Committee on Taxation and ask me questions about what they do.  They are indeed an important group of individuals and have some power on the Hill. The Joint Committee on Taxation is a nonpartisan committee of the United States Congress, originally established under the […]

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Meet Paul Raymond

Meet Paul Raymond

Mr. Raymond is a sought after speaker in tax controversy law by many attorney, accountant, and business groups and at the request of the Internal Revenue Service, has presented programs at the IRS Nationwide Tax Forum, attended by tax professionals throughout the United States.

Additionally, he continues to be an active member in the Section of Taxation, American Bar Association, where he was the Past Chair of the Employment Taxes Committee.

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Member CA Bar Member Orange County Bar US Tax Court Attorney