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Fraud Penalty Assessed Against Former IRS Revenue Agent and his Wife

In a recent case before the United States Tax Court, the Petitioner, an Internal Revenue Service Revenue Agent for over 29 years, and his wife were found liable for the fraud penalty for the taxable years 2011, 2012 and 2013….

May 13, 2019

Failure to File Penalties Upheld Against a Corporate Taxpayer

In a recent case, a corporation learned that it did not file its federal Form 941 employment tax returns for 2010 through 2013 or paid the related liability. The corporation said that it first learned of this issue when it…

May 06, 2019

Tax Court Grants Innocent Spouse Relief to Husband

In a recent case, the Tax Court granted Innocent Souse Relief to the husband. Although the taxpayers had split up and lived in different states, they agreed to file a joint tax return for 2011. The tax return was prepared…

April 29, 2019

tax-court-finds-irs-abuse-of-discretion

Tax Court Finds IRS Abuse of Discretion

In this case, the retired taxpayers with severe health conditions owed the IRS over $60,000.00 for 2011, 2012, 2013 and 2014. The taxpayers entered into negotiations with a Revenue Officer and filed and Offer in Compromise. An Offer in Compromise…

April 22, 2019

the-majority-of-income-taxes-are-paid-by-the-top-3-of-us-taxpayers

The Majority of Income Taxes are Paid by the Top 3% of US Taxpayers

In fiscal 2018, the US government expects to bring in roughly $1.7 trillion dollars in income taxes, and this figure represents about half of all federal revenues. The top 1% of taxpayers paid 37.3% of all of the taxes that…

April 15, 2019

the-number-of-irs-criminal-cases-continues-to-fall

The Number of IRS Criminal Cases Continues to Fall

The IRS brings criminal cases against taxpayers to do two things, namely to punish the person that the government thinks should be punished and to scare everybody else into filing honest and accurate tax returns and paying their liability. However,…

April 08, 2019

famous-people-have-tax-problems-too

Famous People Have Tax Problems Too!

In California, the State’s Franchise Tax Board is required to post a list of the 500 top delinquent California taxpayers at least twice annually. On the list in 2018 was actress Tori Spelling and her husband ($282,654.92), singer Macy Gray…

April 01, 2019

irs-private-debt-collectors-unfairly-take-advantage-of-low-income-taxpayers

IRS Private Debt Collectors Unfairly Take Advantage of Low-Income Taxpayers

In 2015, Congress passed legislation requiring the IRS to restart the private debt collection program where private agencies take the place of the IRS and collect money from taxpayers who owe money. In 2018, the IRS began transferring collection cases…

March 25, 2019

business-meals-for-entertainment-purposes-are-still-deductible-under-the-new-law

Business Meals for Entertainment Purposes are Still Deductible Under the New Law

The IRS recently clarified that the new tax law does allow you to deduct business meals for entertaining clients under the new tax law provided that certain rules are met. Before this clarification, most businesses believed that the 50% deduction…

March 18, 2019

claim-for-refund-not-timely-made-refund-denied

Claim for Refund Not Timely Made, Refund Denied

In a recent case in the Federal District Court in Michigan, a Greek citizen’s claim for refund was denied because it was not timely made. The IRS levied on funds in the taxpayer’s bank account for his income tax liability…

March 11, 2019

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