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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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Negligence vs. Disregard – It Matters

Negligence v. Disregard

Negligence vs. Disregard - It Matters

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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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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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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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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

Protecting Americans from Tax Hikes (PATH) Act of 2015 – A Summary

Protecting Americans from Tax Hikes Act of 2015 (PATH) summarized by my friend Shirley Callahan EA. Some highlights include: Everyone will appreciate the permanency of the enhanced Educator Expenses, the Sales Tax deduction, and the R&D Credit. Section 179 is made

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Posted in DIY, Enrolled Agent, IRS Collections, IRS Criminal Enforcement, IRS Enforcement, IRS Examination, IRS Mediation, IRS Penalties, IRS Penalty and Interest Abatement, ITIN, Licensed Tax Professional, PATH Act 2015, Paying Taxes, Penalty, Tax Abuse, Tax Court, Tax Credit, Tax Fraud, Tax Guidance & Preparation, Tax planning, Tax Preparer, Tax Problems & Requests

Odujinrin v. IRS Commissioner Reinforces the Significance of Engaging a Reputable Enrolled Agent

In Wole Odujinrin v. IRS Commissioner the petitioner, a hematology oncologist who represented himself, did not have adequate substantiation to support his petition and was not entitled to claim a net operating loss. He was also liable for an accuracy-related penalty

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Posted in Back Taxes Owed, Business Expense, Disallowed Expenses, Employee Business Expense, IRS Appeal, IRS Audit, IRS Collections, IRS Enforcement, IRS Penalties, IRS Penalty and Interest Abatement, Tax Abuse, Tax Court, Tax Guidance & Preparation, Tax Preparer

US v. Clarke SCOTUS Decision Favors Taxpayers

The SCOTUS clarified the 11th Circuit Court of Appeals in the United States v. Clarke Et. Al. that… “a taxpayer has a right to conduct an examination of IRS Officials regarding their reasons for issuing a summons when (s)he points to specific facts or circumstances plausibly

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Posted in IRS Audit, IRS Collections, IRS Enforcement, IRS Examination, IRS Penalties, IRS Penalty and Interest Abatement, Tax Abuse, Tax Court, Tax Deductible Expenses, Tax Guidance & Preparation, Tax Problems & Requests, Tax Relief
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