IRS Regulations
Frivolous Tax Arguments: Contention that Compliance with an Administrative Summons Issued by the IRS is Voluntary
IRS deals with many tax arguments considered as “frivolous”. One such argument is the contention that compliance with an administrative summons issued by IRS is voluntary. Proponents of this particular position often point to the court case Schulz v. IRS, … read more
Phishing Scams Involving the IRS
I wish fishing scams didn’t go beyond over eager anglers breaking the rules in a fishing tournament. But that’s a different kind of fish story. This one’s a bit more serious. Phishing is a scam typically carried out by unsolicited … read more
The Dreaded IRS Letter
Every year the Internal Revenue Service sends millions of letters and notices to taxpayers, but that does not mean you need to worry. Below please find eight things every taxpayer should know about IRS notices – just in case you … read more
IRS Increases Mileage Rate to 55.5 Cents Per Mile
On June 23, 2011, the Internal Revenue Service announced an increase in the optional standard mileage rates for the final six months of 2011. Taxpayers may use the optional standard rates to calculate the deductible costs of operating an automobile … read more
IRS Funding
The IRS estimates that $460 million in additional enforcement funds would net $1.3 billion per year, once new employees hired to track down tax evaders settle in by 2014. It is also estimated that investments in tax evasion enforcement could … read more
New Guidance on W-2 Reporting Issued by IRS
In a recent Internal Revenue Service Notice number 2011-28, guidance is provided on informational reporting to employees of the cost of their group health insurance coverage as required as part of the Affordable Care Act. The purpose of the provision … read more
IRS Notice? – Don't Panic!
In a recent IRS tax tip, they have listed some helpful reminders about what to do when you receive a tax notice from them. Even though there are many different types of tax notices you could receive, you should remember … read more
IRS Whistleblower and Informant Awards
Did you know that IRS has a Whistleblower Office with money to pay people who blow the whistle on persons who fail to pay the tax that they owe? They do and you can be awarded up to 30 percent … read more
The IRS on Television
When I heard that Ron Howard was making a TV show about the IRS, I thought, it was about time. We have CSI, why not IRS. Through the years, there have been many references to the IRS on television. I … read more
Frustrated With IRS Notices
Have you ever received an IRS notice that seemed to have a simple explanation? Have you ever tried to simply call the IRS to explain what they needed to understand to make the issue go away? Well, trying to reach … read more