Author Archives: Wetenkamp

IRS Audit Percentages Still Dropping

I have written before about the federal budget cuts and reduction of IRS personnel and what sorts of implications this has on the typical taxpayer.  One of the most noticeable consequences is that when you pick up the phone with … Continue reading

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800,000 Obamacare Enrollees Received Incorrect Tax Forms

Here’s a suggestion for the IRS’ next Tax Tips article: “What you should know about the incompetence of the IRS.” Or maybe this one: “10 reasons why you should not renounce your citizenship and move to Brazil.”  Their latest screw … Continue reading

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Will IRS Lighten up on Structuring?

By law, you must report to the IRS bank transactions of $10,000 or more.  It is one government tool for curbing white collar crimes.  Manipulating deposits so that they come just under the reporting requirement is called “structuring,” and it … Continue reading

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Short Hold Times at IRS Today

I only spent about two minutes on the phone with the IRS today.  That’s a first. I was on and off just like that, and then I went on with my day.  The reason why it was so quick is … Continue reading

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The IRS is Confused Enough on their Own; Don’t Make it Worse

Good thing I have this blog as a place to vent my frustrations with the IRS.  It has been like my therapist over the years. I can really identify with Robert Wood’s article today about 1099 forms.  It was obviously … Continue reading

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2014 National Taxpayer Advocate Report

It’s a little bit (ok, a lot bit) frustrating reading the National Taxpayer Advocate’s annual report to congress that was released today.  Of course my frustration is with the IRS, not the Taxpayer Advocate.  It’s pretty much the same report … Continue reading

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Protect Yourself Against Identity Theft

Identity theft can be a huge headache, especially when it affects your federal tax record.  There are at least a couple ways how that might happen.  An identity thief may use your personal identifying information, including your social security number, … Continue reading

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Founder of Happy’s Pizza Chain Convicted of Tax Crimes

Happy Asker, the CEO and founder of a popular Michigan-based pizza chain has been convicted of conspiracy to defraud the United States government and 32 counts of tax crimes, including 28 counts of aiding and assisting the filing of false … Continue reading

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Sharpton: Some are Concerned that He’s Not a Going Concern

The Reverend Al Sharpton has always been one of those controversial figures that people either love or hate.  If you’re in the “hate him” camp, then you probably list his sketchy personal finances as one of your reasons.  And if … Continue reading

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Lavish Spending is Not Tax Evasion

A recent court decision took up the question of whether lavish spending alone, in the face of a tax debt, should be considered willful tax evasion.  Trip Hawkins, founder of Electronic Arts, is one of those super wealthy, elite class … Continue reading

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