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Case Alert: Penalty Upheld for Estate Tax Return Filed Late by Sick Attorney – No Reasonable Cause Established">
Case Alert: Penalty Upheld for Estate Tax Return Filed Late by Sick Attorney – No Reasonable Cause Established
March 7, 2012
Editor’s Note: This is a tough case because more often than not, late filing and/or late payment penalties regarding Estate tax returns are met with disapproval at the IRS. Indeed, the majority of the reported cases show the IRS victorious. In the last few years, I’ve handled quite a few of these cases. I’ve been retained […]
Tax Return Preparers Beware: IRS Reminds Preparers and Providers of New Rules Regarding New Continuing Education Requirements">
Tax Return Preparers Beware: IRS Reminds Preparers and Providers of New Rules Regarding New Continuing Education Requirements
February 22, 2012
IRS Reminds Preparers and Providers of New Continuing Education Requirements WASHINGTON — The Internal Revenue Service today reminded certain tax return preparers that they must complete 15 hours of continuing education (CE) annually beginning in 2012 and the programs must be taken from IRS-approved providers. Preparers can now find a list of IRS-approved providers on […]
DOJ & IRS ALERT: Federal Court Orders Iowa Man and Eight Companies Who Owe Over $ 30 Million to Pay Employment Taxes">
DOJ & IRS ALERT: Federal Court Orders Iowa Man and Eight Companies Who Owe Over $ 30 Million to Pay Employment Taxes
February 12, 2012
As reported by the Department of Justice, a federal court has ordered James Watts and eight corporations to begin paying employment taxes to the United States on a timely basis, the Justice Department announced today. According to the government complaint in the case, Watts, of Bettendorf, Iowa, is the president of Watts Trucking Service, Inc., […]
IRS Voluntary Disclosure – To Participate or Not Participate, That is the Question: Options for Taxpayers Contemplating the Program">
IRS Voluntary Disclosure – To Participate or Not Participate, That is the Question: Options for Taxpayers Contemplating the Program
February 8, 2012
The IRS recently announced the Third Wave or Round of Voluntary Disclosure, the so-called Tax Amnesty, regarding Foreign Unreported Income. I have written about this announcement, as well as asking the question if the Third Wave or Round of Voluntary Disclosure will be “fair.” This topic of Voluntary Disclosure, is also covered on my website […]
