Month: April 2012

FBAR Help:  Why You Need It and How To Get It
On April 20, 2012, in a huge win for the government, a jury found Attorney Rick Matsa of Ohio guilty of, inter alia, one count of willfully failing to file a Report of Foreign Bank and Financial Accounts (FBAR). Attorney Matsa faces a potential …

The new IRS Form 8938 does not replace or otherwise affect a taxpayer’s obligation to file Form TD F 90 – 22.1 (Report of Foreign Bank and Financial Accounts), aka, FBAR. Individuals must file each form (form 8938 and FBAR) for which they meet the relevant reporting threshold. Adding to the …

Don’t Trigger an IRS Examination for any of these IRS Audit Red Flags
Did you know that the IRS audited almost 1.6 million individual taxpayers in 2010?  That’s an 11% increase over 2009 and more than double the rate of 2002.  If you are audited, the IRS will attempt to open up 3 years for …

As things stand right now, the IRS conducts audits through two primary formats – field audits and correspondence audits. A field audit is what most people think of when work and informs you …

Injured Spouse relief is available for married taxpayesr who wants to enjoy the benefits of filing a joint return without having to worry about having that benefit wiped out by their spouses’s pre – existing debts.

The commonly discussed perils of filing a joint tax return

When …