Category Archives: Tax News

IRS Doctors & Nurses

Have you seen the comments from former IRS territory manager, Michael Gregory, in a recent “Ask Me Anything” session on Reddit?  Many readers have felt dissatisfied with his answers because he seemed to be overly concerned with defending the IRS, … Continue reading

Posted in IRS Scandal, Tax Legislation, Tax News | Tagged , , , | Leave a comment

Audit Resistant Partnerships on the Rise

The IRS generally can include returns filed within the last three years in a tax audit.  There are exceptions, but the IRS normally does not go back further than three years.  What you may not know is that the IRS … Continue reading

Posted in Tax Legislation, Tax News | Tagged , , , | Leave a comment

Rolling Stone on Taxes

I read a lot of tax-related articles and they come from a variety of sources, but it is not every day that I find one in Rolling Stone.  I have to say that the article entitled “The Biggest Tax Scam … Continue reading

Posted in Tax News | Tagged , , , | Leave a comment

Valley Braces for Hidden Gas Tax

There is something ominous coming our way in January 2015; something that has been called a “hidden gas tax.”  Those are three horrifying words.  Most consumers would agree that fuel is taxed enough already and fuel prices are certainly high … Continue reading

Posted in Tax News | Tagged , , , | Leave a comment

Tax debt case is the next frontier for free speech regulation

According to recent news reports, across the pond in Europe, the European Union’s highest court has ruled that people have the right to be forgotten, even on the internet. The case at issue stems from a tax debt once allegedly … Continue reading

Posted in Tax News | Tagged , | Leave a comment

Supreme Court to Hear Case on IRS Summons Power

If the IRS, as part of a tax audit or examination, wants something from the taxpayer, they tend to ask nicely only once. Sometimes it is difficult to hand over the books and every last financial detail to the IRS.  … Continue reading

Posted in IRS News & Info, Tax News | Tagged , , , , | Leave a comment

Supermodel Gisele Blames IRS Audit on her Forbes List Ranking

Are you not making the millions you planned to make?  Is your face not occupying magazine covers? Is your name nowhere to be found on any Forbes lists?  Well, the silver lining is that you are not subject to any … Continue reading

Posted in Celebrity Tax Problems, Tax News | Tagged , , | Leave a comment

Koskinen’s Press Club Speech

The IRS Commissioner typically speaks at a National Press Club luncheon once a year.  It is the perfect venue to learn about the Commissioner, his vision, and everything at the top of his to-do list.  Here are a few things … Continue reading

Posted in IRS News & Info, Tax News | Tagged , , , , , | Leave a comment

IRS Provides Guidance on Tax Treatment of Bitcoin

Its status has been up in the air for some time now, but today the IRS provided guidance on the tax treatment of online currency such as Bitcoin.  The official position is that virtual currency is not to be treated … Continue reading

Posted in IRS News & Info, Tax News | Tagged , , , , | Leave a comment

TAP Now Accepting Volunteer Applications

Do you live in Alaska and have a spare 200 to 300 hours per year to donate to a good cause?  You may want to think about volunteering as a member of the Taxpayer Advocacy Panel (TAP). TAP is “a … Continue reading

Posted in IRS News & Info, Tax News | Tagged , , , , | Leave a comment