Portugal: New Exceptional And Temporary Regularization Regime Of Tax And Social Security

On 3 October 2013, the Portuguese Government approved the new “exceptional” and “temporary” regularization regime for tax and social security debts.

According to this regime, any taxpayer (individual or corporate) may pay the full amount of their tax or social security debts while benefiting from full exemption from dilatory interest – 6,112% for the year of 2013 –, compensatory interest – 4% per year –, administrative costs, and from a special reduction of the penalties […]

By |October 4th, 2013|

Canada: The Crown Succeeds On A Motion To Strike A Portion Of The Taxpayer’s Pleading: Golini v. The Queen

In Paul C. Golini v. The Queen (2013 TCC 293) the Tax Court of Canada agreed to strike out portions of a taxpayer’s pleading suggesting that a protective reassessment issued by the Canada Revenue Agency (“CRA”) was invalid.

In June 2012, the CRA informed the taxpayer that his 2008 income tax return had been selected for an audit. In the following months, both parties continued to correspond and exchange information. In August 2012, the CRA asked the taxpayer to provide a waiver extending the […]

By |October 3rd, 2013|

USA: Who Will Be Home At The IRS If There Is A Government Shutdown?

Treasury released its contingency plan to address a pending government shutdown.  So, who will be home at the IRS?  Here is what we know:

IRS will:

continue automated collections activities
continue processing tax payment remittances
continue taking actions to protect statutes of limitations, liens and seizures
continue criminal examinations and undercover operations
process electronic tax returns

IRS will not:

answer phones to answer taxpayer questions.
continue audits, appeals or Taxpayer Advocate meetings (these will be rescheduled)

This would be no holiday for taxpayers, especially those […]

By |October 3rd, 2013|