Tax Brake with Robert G. Nath, Esq.

Tops on the list are “family status” issues. Here, the NTA identifies no fewer than six problems, including the personal and dependent exemption, head of household status, and the definition of “not married.” As to children, the Advocate says there are three definitions of “qualifying child” for three different purposes: earned income tax credit, child tax credit, and child and dependent care credit. No wonder people are confused. And, the confusion is widespread, for example, 44 MILLION people claim dependent exemptions. The Advocate wants ONE uniform definition, and one that is easy to follow and apply.

Next comes the explosion in “innocent spouse” cases. Of course, the increase is directly attributable to the liberalization of the law, but few expected the currently pending 154,000 cases. And, each one must be considered on its own merits, with analysis, follow up, etc. The new “separate liability” election is also very popular. The IRS notes that the “currently divorced” population is the fastest growing marital category, with 19.4 million. The Advocate's solution is to allow married couples to state their income and deductions separately, without thereby paying more tax or losing other deductions and benefits.

Penalties and interest, home-based workers, and collection procedures round out the list of problems. Bear in mind, these are only the top problems. There are others. The Advocate has taken a forthright stand to Congress, recognizing the political difficulty of fixing the tax code, but concluding, “This nation can ill afford to ignore the increasing burden…and irrationality of our tax system.”

This website and the linked publications contain the opinions and ideas of its author(s) and are designed to provide useful discussion to the reader on the subject matter covered.  Any references to products or services do not constitute or imply an endorsement or recommendation.  The advice or discussion presented in this website or linked publications are not intended for use by any particular person and do not constitute the rendering of legal, accounting, financial, or other advise of any type.  The publisher and the author(s) specifically disclaim any responsibility for any liability, loss or risk (financial, personal or otherwise) which may be claimed or incurred as a consequence, directly or indirectly, of the use and/or application of any of the contents of this website or the linked publications.  Information on this website and linked publications is provided "as is" without any warranty of any kind, either express or implied.  All intellectual property, including without limitation trademarks, trade secrets and copyrights, are the property of Robert G. Nath, Esq. and any unauthorized use thereof is strictly prohibited.  Any person is hereby authorized to view the information available on this website for informational purposes only.  No part of the information on this site may be used, redistributed, copied or reproduced without the prior written consent of Mr. Robert Nath or LawTek Media Group, LLC.  Linked websites are not under the control of Mr. Robert Nath or LawTek Media Group, LLC and no representation whatsoever is made about any other website (or information found therein) which you may access through this website.  Links are provided only as a convenience and the inclusion of any link does not imply endorsements or acceptance of any liabilith whatsoever for the contents or the use of such website.

IN NO EVENT WILL MR. NATH BE LIABLE TO ANY PARTY FOR ANY DIRECT, INDIRECT, SPECIAL OR OTHER CONSEQUENTIAL DAMAGES WITH ANY USE OF THIS WEBSITE, OR ON ANY OTHER LINKED WEBSITE, INCLUDING, WITHOUT LIMITATION, ANY LOST PROFITS, BUSINESS INTERRUPTION, LOSS OF PROGRAMS OR OTHER DATA ON YOUR INFORMATION HANDLING SYSTEM OR OTHERWISE, EVEN IF WE ARE EXPRESSLY ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.  THE ENTIRE RISK ARISING OUT OF THE USE OF ANY INFORMATION FOUND HEREIN REMAINS WITH THE RECIPIENT.

BY USING THIS WEBSITE AND ANY LINKED WEBSITE OR PUBLICATIONS REFERENCED THEREIN, THE USER OR READER AGREES IN ADVANCE WITH ALL OF THE ABOVE TERMS AND CONDITIONS AS A CONDITION PRECEDENT TO SUCH USE.

No information or materials posted here are intended to constitute legal advice, nor can we guarantee the accuracy of posted information, especially as to each individual situation. LawTek does not independently check the information contained herein and does not refer or endorse any product, service, or firm. This site does not constitute an attorney-client relationship; local counsel should always be consulted.