Innovative Strategies For Tax Controversies, Business Structuring And Estate Planning
THE IRS IS SCALING BACK OPERATIONS DURING THE GOVERNMENT SHUTDOWN These are the things to remember: 1. FILE all tax returns on time. 2. PAY all tax deposits and balances on time. For example, the October 15 extension date for filing Individual returns still applies....
The head of the exempt organizations operation of the IRS has invoked her Fifth Amendment privilege not to testify before Congress. After giving a several minutes statement saying she was “not guilty of violating IRS rules and regulations.”, Lois Lerner then declared...
President Obama now joins former Pres. Franklin Roosevelt, Kennedy, Johnson, Nixon and Clinton in using the IRS to hammer his political opponents. Treasury officials knew of the attack by the IRS against Tea Party Conservatives in June, 2012 in the middle of Pres....
IRS NON-APOLOGY OVER HARASSING TEA PARTY NON-PROFITS Jon Stewart, on the Daily Show pegged Pres. Obama and the IRS for what they really are: “You’ve managed to show that when the government wants to do good things, your managerial competence falls somewhere between...
DRONE ATTACK In its continuing quest to collect more taxes, the IRS is targeting small business. For the past several years, individuals instead of being audited by a live human being, are being audited by computer and unresponsive mail audits. In order to get more...
the Internal Revenue Service has issued new withholding tables based upon the changes in tax law reducing withholding for 2011. Even though most employers use payroll services, it is a good idea to print out and read the chart so employees can understand the changes....
IRS Increasing Audits of Businesses with Subcontractors! The Wall Street Journal reported today the IRS is attacking business. Established and growing companies are being audited by the Internal Revenue Service to force compaies to treat independent contractors as...
Smaller companies were audited 41 percent more often in 2007 than in 2005, and companies with $10 million to $50 million in assets were 29 percent more likely to be audited in 2007 than 2005, according to a study by Syracuse University’s Transactional Records Access...
IRS is Increasing Audit Rates The IRS is greatly increasing the rate of tax audits on higher income taxpayers and businesses. The audit rate started dropping in 1998 because of restructuring at the IRS. It bottomed in 2000, when just 0.5 percent of individual tax...
The US Supreme Court has ruled the US Tax Court is the proper court for appeals of IRS denials of interest abatements. The Court held the Court of Federal Claims did not have concurrent jurisdiction. The complete decision is Hink v. US. see: http://www.TaxEsq.com
