Congresswoman Introduces Bill to Limit IRS Wage Garnishments and Property Seizures (From Accounting Today) Rep. Bonnie Watson Coleman, D-N.J., has introduced legislation that would provide relief to low-income and economically vulnerable Americans who would otherwise be subject to wage garnishments by the Internal Revenue Service. The Taxpayer Economic Hardship Protection Act of 2015 would codify procedures […]

Tax Fraud Blotter: The Brooklyn Dodger (From Accounting Today) New York: Preparer Awilda Rosario has been indicted and charged with 30 counts of aiding in the preparation of false returns. The indictment charges that Rosario, who owned and operated the Brooklyn-based tax prep business Edujas Multiservices Corp., prepared false individual income tax returns for clients spanning […]

Tax Relief Company Agrees to Turn over $16 Million to Bilked Consumers I see this all the time. Taxpayers who are in trouble hire these “tax relief companies” that advertise on TV, radio and internet, send them money after a phone conversation, and never get the services they paid for. In fact, they do not […]

It’s summer. It’s hot. The weather is great and the kids are home from school. Many parents pay for childcare or day camps during the summer while they work. If this describes your family, your costs may qualify for a federal tax credit. To qualify, your expenses must be for the care of one or […]

IRS Should Manage Correspondence Audits Better Any tax professional who has handled audits knows that they can be much more difficult than they have to be. Inquiries go unanswered. Documents are not reviewed. Explanations are ignored, and sometimes, decisions are made without an opportunity to set forth your client’s position. The Government Accountability Office, found […]

In order to combat confusion and to serve the tax payer, the IRS put together a Taxpayer Bill of Rights earlier this year. It’s important to know that you do have rights and your tax attorney can help you fight for them. Hopefully, by understanding your rights as a taxpayer in regards to the IRS, […]

If you are self-employed, the IRS will have special obligations that you will be required to meet.  These obligations apply to you if you carry on a trade or business as a sole proprietor or independent contractor.  You are also self-employed if you are a member of a partnership that carries on trade or business, […]

With tax season quickly fading into the rearview mirror the question on everyone’s mind is most likely, “Where’s my refund?”  According to the IRS, they have received more than 113 million tax returns this year and will issue approximately 110 million refunds.  Most refunds will be processed and issued to you within 21 calendar days.  […]

When the IRS takes collection action, some taxpayers react with fear and anger.  That reaction will not lead to a good result.  There is only one way to deal with a collection action by the IRS, and that is to “give them what they need.”  Levies and other collection actions require the IRS to follow […]

Alternative Dispute Resolution Fast Track Settlement for Small Business and Self-Employed Taxpayers IRS Small Business/Self-Employed Division and the Appeals Department have designed an alternative dispute resolution strategy for small business and self-employed taxpayers, called the SB/SE Appeals Fast Track Settlement. The FTS program was designed to resolve audit issues during the examination process within a […]