IRS

The financial pressures on the country are about the only things that seem to be a certainty these days. The recent stop-gap move by Congress this past week has avoided the fiscal cliff for now, but there are a lot of things that lawmakers in Washington, D.C., are going to have to deal with in […]

Cognizant of the benefit that some tax credits and deductions have already provided to taxpayers, federal lawmakers recently made some tax extenders permanent. Even the name of the legislation is revealing: the Protecting Americans from Tax Hikes Act of 2015. The legislation makes certain credits and deductions permanent, such as the enhanced Child Tax Credit, […]

We should never take it for granted that particular transactions will not have tax consequences. Even the providing of gifts can be subject to IRS tax laws. This is particularly true of gifts between U.S. citizens and citizens of another country. Gifts provided to foreign citizens receive the same treatment as gifts between U.S. citizens. […]

In November, tax season may not be on anyone’s mind. After all, the holiday season is just around the corner, so most people are concerned about where they will be travelling for Thanksgiving or Christmas, and whether they have to prepare for extended family to spend time with them. Nevertheless, people are still apt to […]

Although no one wants to be involved in a tax controversy with the Internal Revenue Service, it is important to remember that taxpayers have a judicial remedy available to them. Specifically, IRS civil tax litigation can be brought in one of four different courts, depending on the type of claim. Our law firm has helped […]

The last thing anyone needs after a divorce is trouble with the Internal Revenue Service. However, there are several tax considerations that an individual should heed in order to avoid a post-divorce tax controversy. In particular, an individual should understand how the IRS regards his or her property ownership and liabilities after a divorce. In […]

A recent article serves as an important reminder of the preparation needed to mount a strong position in a tax controversy. For starters, even a simple dispute over an entry on a Form 1040 income tax return can brew into a federal case. That, in turn, requires experience and skill in handling evidentiary and procedural […]

The Internal Revenue Service has an official program for accepting settlement offers, called an Offer in Compromise (OIC). However, a recent article reminds us that there is no guarantee that an IRS agent will accept an OIC. In fact, less than one-third of all OIC’s are accepted. As an attorney and certified public accountant that […]

Readers may have questions about when a tax mistake rises to the level of tax evasion or fraud. As a preliminary matter, it should be noted that even the Internal Revenue Service acknowledges the complexity of the tax code. By the agency’s own estimate, about 17 percent of taxpayers fail to comply with applicable tax […]

Is there a benefit to combining a public account certification with expertise in tax law? When it comes to defending against IRS audits, you bet your bottom dollar. Specifically, a recent article’s prediction of the top tax issues for 2016 describes the new reporting requirements of the Affordable Care Act on Forms 1095-B and 1095-C. […]