| BUSINESSWEEK ONLINE : FEBRUARY 1, 1999 ISSUE | ||||||||
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| PERSONAL BUSINESS
New Protections TAX COURT ACCESS: Taxpayers can use the Tax Court's simpler small-case procedures for disputes involving up to $50,000. The old ceiling was $10,000. CLEARER NOTICES: Future IRS notices of tax owed must spell out the violation and how penalties were calculated. CONFIDENTIALITY: The new law extends attorney-client privilege to accountants and enrolled agents, who can no longer be compelled to divulge information taxpayers give them. DUE PROCESS ON COLLECTIONS: Taxpayers facing IRS demands for payment will have better notices, longer times to appeal, and stronger protection from liens, levies, and seizures. A taxpayer's principal residence can't be seized without prior court approval. DATA: INTERNAL REVENUE SERVICE, CCH INC. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ |
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