Tax News

CCH (cch.taxgroup.com) reports:

  A regulation has been adopted that explains the application of Illinois retailers' occupation (sales) tax, service occupation tax, and use tax to seminar materials. "Seminar materials" mean educational or informational material and any other item prepared, compiled, or obtained for distribution to seminar customers, such as books, practice guides, tapes, and compact discs. "Seminar" means any presentation, conference, training program, or continuing education course designed for educational, informational, professional, or recreational purposes.

CCH (cch.taxgroup.com) reports:

  An IRS Appeals Officer correctly concluded that the ten-year statute of limitations on collection of an individual's unpaid Federal income tax liabilities did not expire before the IRS filed its notice of Federal tax lien. Prior to expiration of the limitations period, the taxpayer agreed to extend the period for collection until December 31, 2011. Although the taxpayer asserted that the extension only applied to employment taxes, the Form 900, Tax Collection Waiver, signed by the taxpayer in connection with a defaulted installment agreement, clearly showed that the unpaid tax liabilities related to Form 1040 individual income tax liabilities.

H. Joy, TC Memo. 2008-197, Dec. 57,518(M)

Other References:

 
Code Sec. 6330

  CCH Reference - 2008FED ¶38,184.63

 
Code Sec. 6502

  CCH Reference - 2008FED ¶39,020.65

  Tax Research Consultant

  CCH Reference - TRC IRS: 45,204.25

  CCH Reference - TRC IRS: 48,056.25

Tax Analysts report: