The IRS has the power to levy on or take a taxpayer’s property. This includes nearly all property, including Social Security payments. The Treasury Inspector General for Tax Administration (TIGTA), the agency that audits the IRS, recently released a report that examined the IRS’s practices in levying on Social Security payments. Social Security Payments TIGTA’s… Continue reading TIGTA Review of the IRS’s Practices in Levying on Social Security Payments
Tax Articles
The Benefits of IRS’s Streamlined Procedures for Reporting Foreign Accounts
Given its limited resources and ability to detect foreign assets, accounts and income, the IRS has offered various voluntary programs to entice taxpayers to come clean and report this information. The IRS’s OVDP program and the more recent streamlined procedures are two examples. The Maze v. Internal Revenue Service, Nos. 15-1806 (D.D.C. 2016), highlights several[…]
The post The Benefits of IRS’s Streamlined Procedures for Reporting Foreign Accounts appeared first on Houston Tax Attorney: Texas Lawyer.
The IRS’s Streamlined Procedures for Foreign Accounts
Given its limited resources and ability to detect foreign assets, accounts and income, the IRS has offered various voluntary programs to entice taxpayers to come clean and report this information. The IRS’s OVDP program and the more recent streamlined procedures are two examples. The Maze v. Internal Revenue Service, Nos. 15-1806 (D.D.C. 2016), highlights several… Continue reading The IRS’s Streamlined Procedures for Foreign Accounts
Online Payment Account Triggered FBAR Filing, Poker Websites Did Not
In Hom v. United States, No. 14-16214 (9th Cir. 2016), the court addressed whether an online payment account and whether poker websites triggered FBAR filing requirements. FBAR Filing Requirements Taxpayers with an interest in or authority over certain…
Online Account Trigger FBAR Filing, Not Poker Websites
In Hom v. United States, No. 14-16214 (9th Cir. 2016), the court addressed whether an online payment account and whether poker websites triggered FBAR filing requirements. The stakes are high with FBAR penalties, so those with foreign accounts should take heed. FBAR Filing Requirements Taxpayers with an interest in or authority over certain foreign accounts… Continue reading Online Account Trigger FBAR Filing, Not Poker Websites
Court Says Five IRS Audits in Ten Years is Not Harassment
In Appenrodt v. United States, No. 3:16-cv-02010-LB (N.D. Cal. 2016), the court concluded that the IRS did not harass a taxpayer by subjecting the taxpayer to five audits in ten years. The facts and procedural history of the case are as follows: The IRS audited Mr. Appenrodt’s individual income tax returns for tax years 2005-2008.[…]
The post Court Says Five IRS Audits in Ten Years is Not Harassment appeared first on Houston Tax Attorney: Texas Lawyer.
Five IRS Audits in Ten Years is Not Harassment
There are times when the IRS does not act reasonably. It happens. There are also instances where a few IRS employees take it upon themselves to thoroughly examine all aspects of the taxpayer’s finances. Taxpayers do have rights, but these rights only go so far. This brings us to the Appenrodt v. United States, No.… Continue reading Five IRS Audits in Ten Years is Not Harassment
IRS Whistleblower Claimants May Be Entitled to Larger Awards
In Whistleblower 11099-13W v. Commissioner, 147 T.C. 3, the court indicated that it may rule on the issue of whether a whistleblower claim can include tax collected in years after the years and whether the claim can include tax collected due to changes…
IRS Whistleblower Claimants May Be Entitled to Larger Awards
The IRS is often gets more from whistleblowers than one may think. Specifically, the IRS may be able to recoup taxes, penalties and interest for other years or related but different issues. There is a question as to whether the whistleblowers who shine the light on these other years or issues should be compensated for… Continue reading IRS Whistleblower Claimants May Be Entitled to Larger Awards
Taxpayer Not Entitled to Attorneys Fees Despite Prevailing In Lawsuit
The government makes mistakes. It is not perfect. The United States v. Appelbaum, No. 5:12-CV-186 (W.D.N.C. 2016) , case provides an example. In Appelbaum, the government sued the taxpayer for nearly $4 million that the taxpayer did not owe. The questi…