What is Tax Evasion?
The IRS TAX CRIMES HANDBOOK states that there are two kinds of tax evasion: https://www.jdsupra.com/legalnews/what-is-tax-evasion-39001/
- JD Supra
What is Reasonable Cause for the IRS?
In the US, Taxpayers “self-assess and voluntarily” pay taxes. The IRS position https://www.jdsupra.com/legalnews/what-is-reasonable-cause-for-the-irs-60482/
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Do you own a second home or a vacation home that you rent out?
Rental income is reportable on a Taxpayer’s tax return. Certain expenses such as https://www.jdsupra.com/legalnews/do-you-own-a-second-home-or-a-vacation-95740/
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IRS Guidance on Business Meals is Transitional
The Tax Cut and Jobs Act (TCJA) amended Section 274 of the Internal Revenue Code (IRC) created a confusion for Taxpayers https://www.jdsupra.com/legalnews/irs-guidance-on-business-meals-is-91773/
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Understanding Estate and Gift Taxes
Although only .2% of US Taxpayers actually pay Estate Taxes (Congress’s Joint Committee on Taxation), https://www.jdsupra.com/legalnews/understanding-estate-and-gift-taxes-62995/
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Tax Fraud and the Element of Willfulness
Tax fraud is often defined as an intentional wrongdoing on the part of a Taxpayer with the specific purpose of evading a tax known or believed owed. Tax fraud requires: https://www.jdsupra.com/legalnews/tax-fraud-and-the-element-of-willfulness-31839/
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Don’t forget about your Right to Retain Representation
Taxpayers have a Taxpayers Bill of Rights: ten fundamental rights available to them when dealing with the IRS. They are: https://www.jdsupra.com/legalnews/don-t-forget-about-your-right-to-retain-27313/
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Understating Form W-7 and the ITIN
An Individual Taxpayer Identification Number (ITIN) is a tax processing number issued by the IRS to foreign nationals and others who have federal tax reporting or filing requirements and do not qualify for Social Security Numbers (SSNs). https://www.jdsupra.com/legalnews/understating-form-w-7-and-the-itin-31274/
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IRS gives Internal Revenue Manual Voluntary Disclosure Consideration if…….
When IRS reviews a criminal tax case, consideration is given to various factors such as whether a voluntary disclosure was made, whether prosecution exists, the health, age and mental condition of the Taxpayer and whether a solicitation of tax returns
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Why am I being audited by the IRS?
An IRS Audit is designed to be an impartial review to assess tax return filing accuracy. IRS selects returns for audit to determine the reporting accuracy of income, expenses, and/or refundable credits. https://www.jdsupra.com/legalnews/why-am-i-being-audited-by-the-irs-94435/
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Is calculating the 20 percent deduction for pass-through businesses simple?
Section 199A of the Internal Revenue Code provides Individual Taxpayers a deduction for the Qualified Business Income (QBI) of a qualified trade or business operated directly or through a pass-through entity. The types of entities and professionals https://www.jdsupra.com/legalnews/is-calculating-the-20-percent-deduction-26991/
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An IRS Summons Is a Powerful Tool That Can Even Reach Law Firms’ Escrow Accounts
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Latest Articles
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How to determine an Individual’s Residency for Tax Treaty Purposes?
Blog | December 2018The guidelines for determining an Individual’s tax
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What is Reasonable Cause for the IRS?
Blog | December 2018In the US, Taxpayers “self-assess and voluntarily”
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Do you own a second home or a vacation home that you rent out?
Blog | November 2018Rental income is reportable on a Taxpayer’s
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