BUREN’s Post

In certain cases, the #taxpayers’ income might have escaped assessment owing to non-disclosure or simply missing out. To deal with such cases, the income tax law has special provisions to deal with income escaping assessment. Let’s understand in detail what #Section148 state and how to reply to Section 148 notice. https://lnkd.in/dJtn_Bix #incometax

From the plain reading of Item No 50 of Federal Legislative List, as it stands after the 18th Amendment, it transpires that the National Parliament can levy taxes on capital value of movable assets but has no authority to levy taxes, including capital gains tax, on immovable property. It is obvious that taxes include tax on capital gains. How the FBR and Law and Justice Division has read plain language of Item No 50 of Federal Legislative List speaks volumes about their level of competence - no wonder why we have so much chaos in revenue and legal matters! https://lnkd.in/dMgZpa_q

Inadvertently caught in the net — deemed dispositions and the ‘flipped property’ rules. Recently enacted rules have wide ranging implications: Thorsteinssons Tax Lawyers. https://hubs.la/Q028D2Zd0 #TaxLaw #FlippedPropertyRules #TaxPlanning #Trusts

📣 On 10 November 2023, the Constitutional Court held that the legal provision in the net wealth tax law which provides for a different treatment in minimum net wealth tax depending on the company’s balance sheet composition is unconstitutional as it gives rise to a discriminatory treatment of persons being in a comparable situation.   Read our latest newsflash by Elisabeth Adam, Nadege Le Gouellec and Aurélie Budzin-Dang below to learn more about the unconstitutionality of the minimum net wealth tax provision.   #tax

Interesting assertion from a Tax Chronicles article I read. Most tax disputes of a larger magnitude are handled by traditional attorneys instead of specialists. Makes it easier to understand why a mistake as simple as: "Didn't include all the grounds for dispute" happen. https://lnkd.in/dvqUFAX3

We are following the developments of this court case. We believe there is tiny chance that this could change capital gains taxation on UNREALIZED assets. What we do know: tax legislation is constantly changing. Are you doing all you legitimately can do to combat your taxes – from small to big things? Here is an article that posted overnight. https://bit.ly/45WEz7S

We are following the developments of this court case. We believe there is tiny chance that this could change capital gains taxation on UNREALIZED assets. What we do know: tax legislation is constantly changing. Are you doing all you legitimately can do to combat your taxes – from small to big things? Here is an article that posted overnight. https://bit.ly/46WEEtG

Bredec Group BredecDevelopment A Supreme Court dispute over a $15,000 IRS bill may be aimed at a never-enacted tax on billionaires - ABC News: A Supreme Court dispute over a $15,000 IRS bill may be aimed at a never-enacted tax on billionaires  ABC News inquiry@bredec.com Inquiry@bredec.com

The Tax Cuts and Jobs Act (TCJA), implemented on January 1, 2018, has had widespread effects on personal income taxes, small businesses, estate tax rules, capital gains regulations, special needs accounts, and various other aspects. It is noteworthy that the TCJA is set to expire at the end of 2025, implying substantial changes for taxpayers. If you're seeking ways to mitigate potential tax impacts for yourself or your loved ones, our latest Elder Law blog provides valuable insights. Read more to stay informed. #ElderLaw #EstatePlanning #TCJA #Trusts

My short blog on estate planning and the tax general tax anti avoidance rules — Estate and wealth preservation planning requires some tax minimization. In light of the new GAAR rules, estate advisors may need to thread more carefully. https://lnkd.in/gTcgZwjy