Is Tax Reform Encouraging Taxpayers to Move To Low-Tax States?
Warm weather and less taxes?! For taxpayers in New York the combination may be too good to pass up according to New York Governor Andrew Cuomo.
IRS to Reopen After President Trump Signs Bill Ending Shutdown
Following President Trump's signing of a short-term funding measure today, the Office of Management and Budget issued a memo requesting Federal employees "reopen offices in a prompt and orderly manner."
US Tax Court Cancels Trial Schedule Due to Government Shutdown
The U.S. Tax Court has cancelled three weeks of scheduled trials due to the government shutdown. The cancelled trial schedules are the weeks of January 29, February 4, and February 11, 2019. The impacted sessions are as follows:
Case Study: Audit Changed From $57,000 Tax Bill to $200 Refund After Appeal
Our client, a self-employed attorney, fought with the IRS for several months over business expenses before retaining AB Tax Law APC. The IRS auditor held fast to the position that our client did not meet their burden of proof for the claimed business expenses.
IRS Shuttered, But Fourth Quarter Estimated Tax Payments Still Due
January 15, 2019, marks the due date for the fourth and final estimated tax payment of Tax Year 2018. Despite the Federal government shutdown that has left the agency closed for the last 24 days the payments are still due.
Is There Any Truth In Tax Settlement Commercials?
As a tax controversy attorney one of the most common questions I am asked is whether there is any truth in the tax settlement advertisements that are frequently on tv and radio. The short answer: the advertisements are based on a real program the IRS and State tax agencies have called an Offer In Compromise, but the commercials are misleading in how they present "pennies on the dollar" settlements as being available for everyone.
Using a Paid Tax Preparer? Check for These Issues Before Signing Your Return
Everyone wants to maximize their tax refund or at least minimize what they owe. This dynamic can motivate less-than-honest tax preparers to use the following techniques to increase your refund. Know what to look for so you don't find yourself in hot water with the IRS or State.
Amid Shutdown, IRS Establishes Opening of Tax Season
The Internal Revenue Service has set the opening of the tax filing season despite an ongoing government shutdown. The IRS confirmed that it will begin processing individual income tax returns on January 28, 2019, and provide refunds to taxpayers as scheduled. The filing deadline to submit 2018 individual income tax returns is Monday, April 15, 2019.
Is It Time for the Real Estate Industry to End Its Dependence on the IRS?
We are in the midst of the third shutdown of the Internal Revenue Service (IRS) in the past five years. Is now the time for the real estate industry to break its dependence on the IRS as a way of avoiding delays and harm to the industry?
Case Study: $319,000 in IRS Tax Debt Settled for $6,700
Our client, a self-employed individual, owed the IRS $319,000. Through the Offer In Compromise program Attorney Adam Brewer was able to settle the debt with the IRS for $6,700.