Washington D.C. Tax Law Blog
What Role do Organized Tax Records Play in Audit Prevention?
When it comes to the Internal Revenue Service, is no news the same as good news? If the topic is audits, the answer might possibly be yes. Now that another April 15 has come and gone, many individuals may be releasing a sigh of relief from hearing no news from the IRS. For business owners […]
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Maryland and the District of Columbia Sue Donald Trump
A new lawsuit filed by the attorneys general of Maryland and the District of Columbia claim the president’s financial links to the Trump Organization violate a Constitutional rule. The majority of the lawsuit is focused on alleged violations of the emoluments clause of the Constitution, based on Donald Trumps businesses taking payments from foreign governments. […]
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IRS Cracks Down on Willful, Eases Up on Non-Willful FBAR Evasion
Today was the extended filing deadline for U.S. citizens who lived abroad on the regular tax due date for 2014 returns. You still have until the end of June to file your FBARs, FATCA reports and Statements of Special Foreign Financial Assets, as appropriate, however, which brings us back to those controversial foreign income reports. […]
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IRS Agrees to Give Identity Theft Victims Access to Fake Returns
Whenever financial information is sent over the Internet, you can rely on hackers and identity thieves to try to take advantage of the situation. And, as we’ve discussed before on this blog, that means both federal and state tax returns have been tempting targets for fraud and identity theft. Being the victim of identity theft […]
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For Microsoft Audit, IRS Hires Lawyer Who Beat Them in Antitrust
According to a quarterly securities filing, the IRS has been auditing 11 years of Microsoft’s tax filings. This includes an ongoing audit of tax years 2007 through 2014 and a reopened audit of tax years 2004 through 2006, with the main issue being transfer pricing. Transfer pricing refers to certain transactions between subsidiaries and related […]
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Don’t Trust the Federal Government? You Still Have to Pay Taxes
If you watch the news, you’ve probably heard that Americans have lost a great deal of trust in the federal government recently. A2013 survey by the Pew Research Centerfound that level of trust was nearing an all-time low. Fully 30 percent of the public reported being angry at the federal government, and an additional 55 […]
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What is the IRS’s Questionable Refund Program?
You may never have heard of a questionable refund, much less a program about them, but it’s real. The IRS’s Questionable Refund Program was created in 1977 to help identify tax returns containing red flags for potential criminal activity so that fraudulent returns won’t be paid. When a questionable refund detection team finds a suspicious […]
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My IRS Dispute is Going into Litigation. What are My Options?
When individual or business taxpayers have civil disputes with the IRS, the first steps toward resolution are taken with the IRS directly. The ultimate result, however, may be a decision by the agency that the taxpayer believes is incorrect or unjust. If this has happened to you, you may be stuck with a large tax […]
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Threatened on a Collection Call from the IRS? Make Sure It’s Real
Now that tax season is over, you may be in a position where you owe the tax man a little money. If you do, it might not surprise you to get a call or email from the IRS. It should. The IRS doesn’t do that. Unfortunately, many people don’t know that, but one tax attorney […]
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Pot CEOs Protest Tax and Banking Issues by Paying Taxes in Cash
As of this moment, 19 states have legalized medical marijuana. Moreover, four states and the District of Columbia have legalized adult possession of at least small amounts of marijuana. While cultivation and sales are still strictly regulated in most places, there’s a lot of money to be made in legalized pot — but no effective […]
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