Month: September 2014

If you are asking the question “What is an IRS Jeopardy Assessment?”, then more than likely you are either someone who (1) is holding on to someone’s money, (2) have gotten into a bit of a rough spot yourself with the IRS, or (3) you are a tax professional …

The large number of callers posing as the IRS and demanding payment is not the only IRS scam you have to be aware of. Now, there is a “FATCA scam” too, warns the IRS.

Why are people who are non-willful being categorized as “willfully blind”? Answering this question — it goes to the entire heart of what tax litigation is and IRS administrative practice. And it goes to my absolute frustration when people play attorney with the IRS, instead of actually advocating a position by doing the necessary ground work first.

Update Janaury 2017: FBAR filing dates have been changed to the date your tax return is due —  not June 30th. This started with your 2016 FBAR being due in 2017. Yet the “loophole” still exists — It just depends on what date your tax return is due.

When it comes to settling back taxes — especially for taxpayers who have a potential of earning substantially greater income in upcoming years — the IRS has a problem. One on hand, it is in the IRS’ best interest to get a taxpayer to settle their…