Knowledge is Power when negotiating with the IRS. You must know what they know to be successful. I want to help you obtain that knowledge. This is a short introductory video to tell you a little bit about myself and the TAX videos discussed on my Channel. If… Read More
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Be Sure You “Actually” File Your Tax Return.
If you are in IRS Collections, dealing directly with a Revenue Officer, delivering your tax return directly to that Revenue Officer, upon his or her request, is not an “actual” tax return filing. Not “actually” filing a tax return has many important implications. Namely, you need to “actually”… Read More
IRS Audits at Historic Lows
IRS audit levels are at historic lows. A Report by the Treasury Inspector General for Tax Administration suggests that the IRS should reprioritize its audit and collection efforts. More specifically, it should change the manner in which its models select audits and predict collectability. The Report found that… Read More
Parent’s Beware: Crypto “Kiddie” Tax
The taxation of cryptocurrency is no longer just a young person’s problem. That changed the day the Internal Revenue Service (IRS) made cryptocurrency a focal point of enforcement and added a crypto disclosure question on IRS Form 1040. Unsuspecting parents with dependent children should be on guard. The… Read More
Another Taxpayer Win: Penalty Abatement under IRC 6751(b)
For a further exploration of penalty defenses, including 6751(b), please see our firm video: Here are the facts of another taxpayer win under IRC 6751(b): A married couple’s civil fraud penalty was not timely approved by an IRS Revenue Agent’s (RA’s) supervisor as required under Code Sec. 6751(b)(1)…. Read More
Protective Claims
Currently before the Supreme Court is the question of whether certain tax provisions of the Affordable Care Act are constitutional. If they are not constitutional, it could result in refunds being due to taxpayers who paid additional Medicare taxes and those high earners who paid the Net Investment… Read More