The IRS has a Whistleblower program that can pay the whistleblower at least 15% and up to 30% of the proceeds collected as a result of the whistleblower turning somebody in to the IRS. If you know of a taxpayer…
June 26, 2020
Ghost tax return preparers are people that will prepare your tax return without signing it as the preparer and often promises big refunds. If someone promises you a big refund without even looking at your income or your expenses, that…
June 19, 2020
A taxpayer who performed comedy shows deducted personal expenses as business expenses, such as childcare, clothing, groceries and meals at fast-food restaurants. In court, the taxpayer presented unsorted and voluminous documentation where personal living expenses were not clearly distinguishable from…
June 12, 2020
In a recent case, the civil fraud penalty was assessed against an attorney because he failed to report income on an already filed tax return. As a result of the under-reporting, he underpaid his income tax liability. The Court also…
June 04, 2020
When the IRS takes certain action against a taxpayer, it must obtain timely managerial approval before going forward. In a recent case, the IRS proposed to assess a penalty against a Harley Davidson dealer. The Harley Davidson dealer challenged the…
May 27, 2020
Despite the IRS being slammed right now due to COVID-19, millions of Americans still owe money to the IRS in back taxes for previous years and they’ll increasingly find themselves unable to pay up all at once. In this article,…
May 26, 2020
The IRS Office of Chief Counsel announced that the Settlement Days program would continue remotely. The first two events are for docketed cases with place of trial in Detroit or Atlanta. Future events would be scheduled in other cities throughout…
May 20, 2020
When you act as a fiduciary for another person or entity, such as the Executor of an Estate, you have a responsibility not only to the estate personally, but to the beneficiaries and the federal government, namely the IRS. If…
May 15, 2020
COVID-19 is affecting millions of Americans in all aspects of their life. As of the beginning of May, 1 million Americans tested positive for the disease. A much more striking number is the number of people whose finances have been…
May 08, 2020
SBA Loan Assistance for Small Businesses Suffering From the COVID 19 Virus. Our nationwide team can assemble a loan package for you to help save your business from the shutdown. Our top team member secured MILLIONS of dollars for clients…
March 25, 2020
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