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IRS Penalty Relief, What IS Reasonable Cause?

The Perturbing New Treatment of Patents Under the Tax Cut & Jobs Act (TCJA)

IRS penalty relief brings big business opportunities for astute tax practitioners as the IRS does indeed have the authority to provide relief from various penalties if you know how to do the dance. In 2014 the IRS abated either in

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Posted in IRS Penalties, IRS Penalty and Interest Abatement

Negligence vs. Disregard – It Matters

Negligence v. Disregard

Negligence vs. Disregard - It Matters

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Posted in IRS Penalties, IRS Penalty and Interest Abatement

How to Formulate an IRS Penalty Abatement Request

The Perturbing New Treatment of Patents Under the Tax Cut & Jobs Act (TCJA)

How to Formulate an IRS Penalty Abatement Request Greetings fellow tax nerds!  Perhaps life might suck for me at present but lately there seems to be nothing more satisfying than making tax penalties go away. Think about it. You're a

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Posted in IRS Penalties, IRS Penalty and Interest Abatement

How to Submit a Reasonable Cause Claim to the IRS for Penalty Abatement

The Perturbing New Treatment of Patents Under the Tax Cut & Jobs Act (TCJA)

How to Submit a Reasonable Cause Claim to the IRS If you have not filed your personal income tax form (1040) generally IMHO you should GET THE TAX FORM FILED ASAP without consideration for the yet to be assessed penalties.

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Posted in IRS Penalties, IRS Penalty and Interest Abatement

Navigating the Shoals of IRS Penalty Abatement – part 2 – types of defense

The Perturbing New Treatment of Patents Under the Tax Cut & Jobs Act (TCJA)

Navigating the Shoals of IRS Penalty Abatement - part 2 - types of defense. Now that you may have missed the income tax filing and payment deadline perhaps it is a good time to understand how to cope with penalization

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Posted in IRS Penalties, IRS Penalty and Interest Abatement

Navigating the Shoals of IRS Penalties

The Perturbing New Treatment of Patents Under the Tax Cut & Jobs Act (TCJA)

For those of us inclined to the proverbial 'head-bury' strategy with Big Brother, best to understand the civil penalties assessed when IRS systems catch up - as measured in tangible $$ out #ThePocket. For the brave of heart, navigating the

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Posted in IRS Penalties, IRS Penalty and Interest Abatement

5 IRS Penalties Changed Under the Tax Cut and Jobs Act of 2018

The Perturbing New Treatment of Patents Under the Tax Cut & Jobs Act (TCJA)

This post contains cocktail party killer one liners about how 5 IRS Penalties Changed Under the Tax Cut and Jobs Act of 2018. My editor also quipped that reading this post helps with insomnia as well. So if you are

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Posted in IRS Penalties, IRS Penalty and Interest Abatement

Rollover of Retirement Plan Self Certification for Additional Time

Year End Tax Planning Starts with a Charitable Donation Assessment How Do You PLAN to Give Back Next Year?

Normally you have 60 days to complete a retirement plan rollover in order to avoid current taxation and more importantly, penalization. One of the most ridiculous things I have had to do with my limited time on this planet in

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Posted in IRS Penalties, Retirement

Why You Should File Past Due Tax Returns NOW

Regardless of whether or not you are able to pay your tax liability in full, you should file all tax returns that are due. To do so, file your past due return the same way that you would file a

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Posted in IRS Collections, IRS Enforcement, IRS Mediation, IRS Penalties, Non-filed Tax Returns, Penalty, Tax Guidance & Preparation, Tax planning, Tax Problems & Requests, Taxpayer Advocate

AVOID PENALTIES – Get Income Tax Extension Requests Filed & Estimated Income Taxes Paid

Remember your US Income Tax extension request is ONLY for additional TIME to FILE your tax forms, your income tax payments, estimated or otherwise, are still due April 18th 2016. Most US Taxpayers forget that income tax payments are due in April, even if

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Posted in Extension, IRS Penalties, Tax Guidance & Preparation, Tax planning, Tax Problems & Requests
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