Category Archives: IRS News & Info

The IRS Has Wisely Steered Clear of Instagram

The IRS’ use of social media has always seemed sort of awkward to me.  There’s the IRS Facebook account, for example.  Completely bare bones.  A couple pictures of IRS national headquarters, a blurb about this not being an official source … Continue reading

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FTB Call-Back Service

There are many things that the California Franchise Tax Board (FTB) does that I would hope the IRS never adopts.  But some might appreciate it if the IRS would follow the example of the FTB when it comes to their … Continue reading

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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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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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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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2015 Filing Season Won’t be Pretty

Those who would know best are saying that we need to be prepared for one of the worst filing seasons on record during the first quarter of 2015. What makes one filing season worse than another?  It has to do … Continue reading

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Direct Deposit Refund Rule: New for 2015

Nowadays almost everybody files their Federal Tax Returns electronically.  The IRS has encouraged e-filing for many years now.  It’s a win-win because the IRS can process electronic returns very rapidly and the filer is happy to avoid the delay and … Continue reading

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IRS Audits and Public Perception

We know there is at least some rhyme or reason to who gets selected for an IRS audit.  If we knew all the criteria, we could position ourselves to avoid audits 100% of the time, but, for obvious reasons, the … Continue reading

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