It happened again. A-friggin-gain!!!! On Friday a corporate client of mine wrote me the following email after she received a visit from an IRS collection agent: Well he came and went. He told me that I shouldn’t have hired an attorney and wanted to know how much I paid Mr. Pappas. He then began interrogating [...]
Tags: Announcements · Taxpayer Rights
CNNMoney.com reports in an article titled Obama Tax Panel on Treasure Hunt, The administration said this week it will form a task force to propose ways to simplify the tax code, reduce evasion, close loopholes and make changes in corporate breaks. One overarching end-goal: Raise revenue. A major focus for the task force will be [...]
Tags: Announcements · Tax Collections
I had an interesting conversation with an IRS official a few days ago. I asked him, as I do all IRS officers I come into contact with, what he thought about the government bailouts and whether the IRS was going to step up enforcement activities to help pay for them. The agent told me that [...]
Tags: News · Tax Collections · Tax Crimes
Audit reconsideration (PDF) is a procedure designed to help taxpayers who disagree with the results of: 1. An assessment IRS made because of an audit of your tax return; or 2. A return IRS created for you (Substitute For Return – SFR) because you did not file a tax return. The Audit Reconsideration process allows [...]
Tags: IRS appeals · IRS Audits
Wesley Snipes has appealed his conviction for failing to file tax returns and his resulting 3 year prison sentence. Now, the Orlando Sentinel reports, while his appeal is pending, he wants to travel to Namibia and Italy to make two new films: Federal prosecutors oppose a request by Orlando-born actor Wesley Snipes to leave the country [...]
Tags: News · Tax Crimes
The Wall Street Journal reports today that, President Barack Obama’s initiative to raise new tax revenue to pay for major policy changes likely will focus in the short run on tightening enforcement against businesses and wealthy individuals. In the long run, some experts believe it could lead to sweeping changes in the tax code itself. [...]
Tags: News
The Washington Post in an article titled Obama Defends Push to Cut Tax Deductions for Charitable Gifts reports that, President Obama defends his proposal to cut the tax deductions that wealthy Americans can claim for their charitable donations by arguing that the shift would not have an adverse effect on giving, but two independent analyses [...]
Tags: Legislative Watch · Tax Policy
