The IRS today clarified its policy with regard to abatement of certain penalties for first time offenders. The policy was modified to clarify that relief applies only where the taxpayer is current with all tax filings and...
Category: COMPLIANCE
“LISTEN, DO YOU WANT TO KNOW A SECRET?”
April 13, 2013
The Beatles sang in the 1960s of sharing secrets and promising not to tell. In an age of prying governments with big eyes and long arms, malicious internet hackers, of snoopers panting to expose,...
IRS TO GET MORE EASY PICKINGS OF OFFSHORE FRUIT
March 23, 2013
Two high level IRS Criminal Investigation (CI) officials participated an American Bar Association, Tax Section, Webinar, “Criminal Tax Enforcement Hot Topics: The IRS Perspective,” (March 20, 2013). § Edward “Ted”...
IRS EXPLAINS WHAT YOU SHOULD KNOW ABOUT ID THEFT AND TAXES – BUT OFFERS INADEQUATE HELP TO VICTIMS
February 26, 2013
TAX TIPS: Special Edition Tax Tip 2013-05 Protecting taxpayers and their tax refunds from identity theft is a top priority for the IRS. This year the IRS expanded its efforts to better protect taxpayers and help victims...
TAX PAYMENTS FOLLOWING INNOCENT SPOUSE RELIEF
February 18, 2013
What is commonly referred to as “innocent spouse relief” is actually three distinct types of possible statutory relief from the usual “joint and several liability” of a spouse who elects to file a joint return with...