Monthly Archives: November 2011

The Last of the Airline Industry Bankruptcies?

AMR Corp., the parent company of American Airlines, filed for Chapter 11 bankruptcy on Tuesday. With the exception of Southwest, all major US airlines have filed for bankruptcy protection following the September 11, 2001 terrorist attacks. American was the only holdout, until … Continue reading

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Navigating your way around the IRS can be a formidable task, one that many prefer to leave in the hands of their tax attorney or other tax practitioner. However, practitioners agree that the California equivalent — the Franchise Tax Board (FTB) — is even worse. In … Continue reading

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IRS E-File

Since a growing number of Americans are filing their returns electronically, there is no room for error in IRS computer systems. The IRS must be relentless in its pursuit of excellence with regard to all aspects of the Modernized e-file … Continue reading

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Don’t Delay Filing Taxes

My internet connection is just a bit slower today and I wonder if it is due to all the Cyber Monday traffic. I’m going to make today’s post short. I don’t want you to stop what you’re doing — our economy … Continue reading

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How Far are We from Major Tax Reform?

Lawmakers are proposing drastic tax policy changes that could have a substantial impact on regular taxpaying Americans and their access to tax relief. According to tax lobbyist, Kenneth Kies, we could expect a major tax code revision by 2013 under the following … Continue reading

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Madoff’s Unnecessary Tax Payments

We often hear about people trying to get out of paying taxes that they are legally obligated to pay. I blog about tax crimes all the time. But seldom do we hear about somebody paying taxes that are not owed as part … Continue reading

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The IRS “Pendulum”

If we were to step back and take a look at the history of IRS collection efforts (wage garnishment, bank levy, seizure of assets, etc.), we would see that it has not been consistent in its use of all available … Continue reading

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The 4809 “Informational” Letter Campaign

Throughout the month of November, tax preparers across the nation will be grumbling about having received IRS Notice 4809, some under their breath, and some publicly. One of the gripes I am seeing is that people don’t appreciate feeling like the target … Continue reading

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IRS Advisory Committee Recommends Big Change to Installment Agreement Guidelines

The IRSAC (Internal Revenue Service Advisory Committee) released its annual report today. IRSAC is composed of 28 non-IRS members divided into four subgroups. Two of the subgroups (Wage & Investment and Small Business / Self-Employed) recommended changes to the Streamlined Installment Agreement … Continue reading

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