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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

issuance-of-erroneous-letter-does-not-bind-the-irs

Issuance of Erroneous Letter Does Not Bind the IRS

The taxpayer filed his federal Form 1040 tax return for 2005 listing a total tax liability of nearly $90,000.00.  The taxpayer then hired a different accountant who prepared and filed a federal Form 1040X, Amended U.S. Individual Income Tax Return,…

December 09, 2018

irs-claims-91-5-conviction-rate-on-tax-prosecutions

IRS Claims 91.5% Conviction Rate on Tax Prosecutions

The IRS’ Criminal Investigation Division prosecutes tax crimes, including failure to file tax returns, tax and fraud evasion, identity theft, refund fraud, cybercrimes and money laundering.  In the fiscal year 2017, the IRS Criminal Investigation Division initiated 3,019 criminal cases. …

December 06, 2018

court-grants-partial-innocent-spouse-relief-to-ex-wife

Court Grants Partial Innocent Spouse Relief to Ex-Wife

In a recent case, the ex-wife brought suit against the IRS claiming that she was an innocent spouse related to her tax liability for 2009.  During that year, the husband operated an air conditioning business.  Although the wife was listed…

December 02, 2018

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