Monthly Archives: August 2011

Installment Agreements & Suspension of Collection Activity

Installment agreements provide some tax relief if a liability cannot be paid in full. As you may know, IRS procedures prohibit the filing of levies while an installment agreement (IA) is in effect. But did you know that, subject to certain exceptions, … Continue reading

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Gibson Guitar on the Gov’t Chopping Block

Three Gibson guitar factories in Tennessee were raided last week by armed federal marshals. The Justice Department ordered the raid as part of its investigation into the company’s alleged purchase of illegal wood from Madagascar and India. According to Gibson … Continue reading

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IRS Has Increased Criminal Investigations and Convictions

According to an August 29, 2011 press release by the Treasury Inspector General for Tax Administration (TIGTA), IRS criminal investigations are up 12.3% and criminal convictions have risen 6.9% since 2009.  These figures include investigations of illegal businesses and income sources, but … Continue reading

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Leona Helmsley

On this day in 1989, a federal jury in New York found “hotel queen” Leona Helmsley guilty of income tax evasion.  Helmsley is known for her sharp tongue, difficult personality, and her famous declaration: “only the little people pay taxes.”

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Direct Taxation: We Have Come a Long Way

As you can probably tell, I find the historical stuff very interesting. But I know that most people don’t share this sentiment, so I will get back to my tax relief posts soon (after this one). It is evident from the state … Continue reading

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IRS Extends OVDI Deadline Due to Hurricane Irene

The deadline for disclosing your offshore accounts under the IRS’ amnesty program has been extended from August 31st to September 9th. Interestingly, the extension applies to everybody, not just those who may be affected by the destruction of Irene. Various … Continue reading

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You’re Being Audited, But Don’t Panic

The IRS has been offering tax tips all summer long by way of its “Summertime Tax Tips” series. Some topics have been more helpful than others. This is the latest one (my thoughts inserted in blue). Its called “Eight Tips … Continue reading

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Don’t Miss August 31st IRS Webinar

On February 24, 2011, the IRS announced its “Fresh Start Initiative” which consists of changes that are supposed to soften some of the collection practices, and provide at least some tax relief to Americans who are struggling to pay their taxes. So … Continue reading

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Are Payroll Taxes an IRS Priority?

Does the IRS prioritize the taxes it collects?  Robert W. Wood, a prolific contributor to Forbes, thinks so.  He says that the IRS is especially vigorous in its efforts to collect overdue payroll taxes. See full story here.

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The Capone Investigation

Everybody knows the most infamous tax evader of all time: Alphonse “Scarface” Capone, the Chicago gangster with  all the highly lucrative and illegal business. But did you know that some of the internal IRS correspondence from the Al Capone investigation … Continue reading

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