IRS Accuracy Related Penalties is the number one most litigated tax issue

January 2019

The National Taxpayer Advocate 2017 Report to Congress states that  https://www.jdsupra.com/legalnews/irs-accuracy-related-penalties-is-the-17644/

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What is new in a “nutshell” for FORM 1040 for TAX YEAR 2018

January 2019

For Tax Year 2018, Taxpayers will use the new and re-designed Form 1040    https://www.jdsupra.com/legalnews/what-is-new-in-a-nutshell-for-form-1040-50654/

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Is it time for Foreign Financial Institutions to hire IRS Representation?

January 2019

The Responsible Officer (RO) of a Participating Foreign Financial Institution (PFFI) or Reporting Model 2 FFI is required to      https://www.jdsupra.com/legalnews/is-it-time-for-foreign-financial-10469/

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Don’t Jeopardize Your Passport: The US State Department Is Held Harmless!

January 2018

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Understanding how IRS identifies and selects Individual Tax Returns for Automated Underreporter Review

December 2018

The IRS Automated Underreporter Matching Process matches Tax Returns against Information Returns.   IRS states that   https://www.jdsupra.com/legalnews/understanding-how-irs-identifies-and-11599/

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IRS-Criminal Investigations: going on 100 years and still looking at Tax Crimes!

December 2018

On November 11, 2018, the IRS released its Criminal Investigation Annual Report as it begins its  https://www.jdsupra.com/legalnews/irs-criminal-investigations-going-on-91662/

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What is Tax Evasion?

December 2018

The IRS TAX CRIMES HANDBOOK states that there are two kinds of tax evasion:   https://www.jdsupra.com/legalnews/what-is-tax-evasion-39001/

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What is Reasonable Cause for the IRS?

December 2018

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?

November 2018

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

November 2018

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

November 2018

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

October 2018

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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