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lawmakers-told-that-irs-needs-additional-funding-to-implement-new-tax-law

Lawmakers Told that IRS Needs Additional Funding to Implement New Tax Law

If you are a regular reader of this blog, you know that the IRS has endured substantial cuts in its budget which, in turn, has caused a substantial reduction in the level of services it can provide. Worse yet, the…

October 19, 2018

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Taxpayer Sues Company for Fraudulently Issuing a Form 1099 in his Name

In a recent case in the Northern District of Illinois, Dr. Angelopoulos sued Keystone Orthopedics Specialists, S.C. (“Keystone”), for fraudulently issuing a Form 1099 to him for 2007 reporting more than $159,000.00 in income to him even though he only…

October 15, 2018

lack-of-profit-motive-leads-court-to-disallow-business-expenses

Lack of Profit Motive Leads Court to Disallow Business Expenses

Joy Ford, a former recording artist, ran the Bell Cove Club in Hendersonville, Tennessee since the 1980s.  Bell Cove featured live country music on Friday and Saturday nights and only charged a $5.00 admission fee and a nominal amount for…

October 10, 2018

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Do You Owe Money to the IRS? If Yes, Your Passport May be Revoked

If you owe money to the IRS, under certain circumstances the State Department can deny your application for a new or renewed passport or revoke or limit a previously issued passport.  Internal Revenue Code section 7345 was enacted on December…

October 08, 2018

IRS Trouble Solvers™ Reminds Taxpayers to be Vigilant of “IRS” Scams, Especially as It Relates to the Elderly

IRS Trouble Solvers™ reminds all taxpayers to be vigilant of “IRS” scams, especially as it relates to the elderly. “IRS” scams come in many forms, but the typical one is where an unsuspecting taxpayer receives a phone call from the…

August 20, 2018

IRS Private Debt Collectors Demonstrate Lax Security

In 2015, Congress revived the IRS’ Private Debt Collection Program. Under this program, older uncollectible taxpayer accounts are assigned to private debt collection agencies. This program had been tried twice before without success because the program cost more money than…

August 20, 2018

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Husband Granted Equitable Relief from Ex-Wife’s Tax Liability

Many taxpayers are well aware of the benefits of marriage. Married taxpayers can file joint federal income tax returns, and generally those partnerships can enjoy a lower tax rate. But, it’s important to remember that when you file together, each…

August 19, 2018

irs-allowed-to-levy-on-veterans-benefits-in-bank-account

IRS Allowed to Levy on Veterans Benefits in Bank Account

The IRS is typically prohibited from levying on veterans benefits in most circumstances.  This provision is designed to protect veterans from IRS enforced collection action. But what if those benefits were deposited into the veteran’s bank account?  Does this change…

August 15, 2018

court-holds-that-irs-collection-statute-of-limitation-is-still-open-can-still-collect-taxes

Court Holds that IRS Collection Statute of Limitation is Still Open, Can still Collect Taxes

The taxpayer was previously married and had unpaid assessed joint liability for 1993, 1994, 1995, 1997 and 1998 with her ex-husband.  While still married, the couple filed a Petition in the United States Tax Court protesting the proposed liability for…

August 15, 2018

what-are-my-allowable-expenses-if-i-owe-money-to-the-irs

What are My Allowable Expenses if I Owe Money to the IRS?

If you owe money to the IRS, there are several programs that may be available to you to resolve your IRS problem.  There are different types of installment agreements, namely streamlined and non-streamlined or regular installment agreements, depending on how…

August 15, 2018

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