Professor Willis argues that the Tax Court's "erroneous deduction exception" to the tax benefit rule is theoretically sound. He maintains that application of the exception sets up a circumstance of adjustment pursuant to the mitigation rules of sections 1311 through 1314. As a result, whenever the government loses a case because of the "erroneous deduction exception," it can likely use the mitigation rules to re-open the year in which the erroneous deduction was taken.Professor Willis also maintains that the "estoppel exception" to the "erroneous deduction exception," as applied in many cases, frustrates the application of the mitigation rules and thus should be used sparingly. He thus argues that the Fifth Circuit should reverse the Tax Court in Hughes and Luce v. Commissioner, a case currently on appeal. This reversal, he explains, would not be true victory for the taxpayer because it would prompt mitigation of the closed years.In a further example, Professor Willis discusses the 1994 decision in Davoli v. Commissioner, another "erroneous deduction exception" case. He explains that, because the government lost that decision, it actually has one year from finality (mid-October, 1995) in which to seek mitigation of the closed years. He speculates that the government will fail to take advantage of this remedy.

Tax-Free Wealth is about tax planning concepts. It’s about how to use your country’s tax laws to your benefit. In this book, Tom Wheelwright will tell you how the tax laws work. And how they are designed to reduce your taxes, not to increase your taxes. Once you understand this basic principle, you no longer need to be afraid of the tax laws. They are there to help you and your business—not to hinder you. Once you understand the basic principles of tax reduction, you can begin, immediately, reducing your taxes. Eventually, you may even be able to legally eliminate your income taxes and drastically reduce your other taxes. Once you do that, you can live a life of Tax-Free Wealth.

In A Good Tax, tax expert Joan Youngman skillfully considers how to improve the operation of the property tax and supply the information that is often missing in public debate. She analyzes the legal, administrative, and political challenges to the property tax in the United States and offers recommendations for its improvement. The book is accessibly written for policy analysts and public officials who are dealing with specific property tax issues and for those concerned with property tax issues in general.

Employer's Tax Guide (Circular E) - The Families First Coronavirus Response Act (FFCRA), enacted on March 18, 2020, and amended by the COVID-related Tax Relief Act of 2020, provides certain employers with tax credits that reimburse them for the cost of providing paid sick and family leave wages to their employees for leave related to COVID‐19. Qualified sick and family leave wages and the related credits for qualified sick and family leave wages are only reported on employment tax returns with respect to wages paid for leave taken in quarters beginning after March 31, 2020, and before April 1, 2021, unless extended by future legislation. If you paid qualified sick and family leave wages in 2021 for 2020 leave, you will claim the credit on your 2021 employment tax return. Under the FFCRA, certain employers with fewer than 500 employees provide paid sick and fam-ily leave to employees unable to work or telework. The FFCRA required such employers to provide leave to such employees after March 31, 2020, and before January 1, 2021. Publication 15 (For use in 2021)