Category Archives: Tax Legislation

The first step in taxing space starts tomorrow in Sacramento

Have you ever thought about space travel? Or even being one of the first human colonists to Mars? If you have, you should also be prepared to pay a tax. Seriously. That’s right, with the developments in space exploration, the … Continue reading

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

How to Get Fired if you Work for the IRS

As far as I know, an IRS employee can’t be fired just for leaving you on hold for 3 hours, or for giving you bad information that contradicts what the previous IRS employee told you, or for rejecting your Offer … Continue reading

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

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

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

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

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

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

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

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

Will the IRS Bring Back Private Debt Collections?

Somebody has sneaked some terrible legislation into a provision of the EXPIRE Act which, if approved, would require the IRS to hire outside private debt collection (PDC) firms to collect past due taxes.  If this sounds familiar it is because … Continue reading

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

First-time Penalty Abatement in California

What kills people when they have an IRS tax debt is the interest and penalties.  If you don’t file and pay your taxes when they become due, you can eventually find yourself owing much more than the original tax assessment.  … Continue reading

Posted in State Taxes, Tax Legislation | Tagged , , , , | Leave a comment

Are Bitcoin Transactions Taxable?

In an IRS audit today I was amused by all the preliminary questions about income sources.  The auditor asked about wage income, 1099 income, interest, dividends, royalties, alimony, child support, law suit settlements & awards, reimbursements, gifts, inheritances, grants, scholarships, life … Continue reading

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