Monthly Archives: March 2012

Do Tax Cheats Feel Much Shame?

According to a survey of 1,105 Americans conducted by The Shelton Group, cheating on taxes is not as shameful a thing as it may have once been.  See Forbes article for more information. The relevant portion of the survey asked “How embarrassed … Continue reading

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

Magic Buys Dodgers for $2 Billion

I sincerely regret having to mention both the Lakers and the Dodgers in the same post, but this is pretty big news, so I will make an exception.  Last night a financial group led by former LA Laker, Magic Johnson, … Continue reading

Posted in Baseball | Leave a comment

Tax Songs

Musicians (especially the boots and large belt-buckle donning musicians) love to sing about ordinary stuff that we’re familiar with.  What respectable country song doesn’t mention at least one of the following?: dog truck liquor women bar fight being broke Well … Continue reading

Posted in Uncategorized | Leave a comment

Common Tax Prep Errors

Today’s IRS Tax Tip (Number 2012-58) warns about common tax prep errors.  The bottom line?  To avoid tax problems, double-check everything, especially the numbers. You’re not likely to misspell your last name, jot down the wrong address, or forget to … Continue reading

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

The IRS Book of Numbers

Nowhere else will you ever see as many “millions,” “billions,” and “trillions” than in the Annual IRS Data Book.  The 2011 IRS Data Book was released this week and, once again, it is teeming with large, almost incomprehensible numbers; just … Continue reading

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

IRS Audit Rates

Tax relief for the wealthy does not have much popular support these days.  And apparently the IRS feels the same.  The IRS recently reported that audit rates for individual taxpayers earning over $10 million has nearly tripled since 2009.  If … Continue reading

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

IRS to Cooperate with Local Police in Fraud Probes

The IRS’ criminal investigation division has kept itself very busy with refund fraud cases in recent years.  They would love to be able to enlist the cooperation of local law enforcement but have always been prohibited from sharing some of … Continue reading

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

Phony IRS Email

Today one of my clients who has a tax debt found the following email in her inbox, which was obviously NOT from the IRS: Good day,Here is a notice, that you need to pay a penalty because you did not … Continue reading

Posted in Tax News | Tagged , | Leave a comment

Paperwork is not IRS’ Forte

What would you think of an English teacher who couldn’t spell?  How about a surgeon who couldn’t hold his hands steady?  It’s a problem, right? Well I was dumbfounded to discover, by way of the latest TIGTA audit, that the … Continue reading

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

Stress About your Bracket, Not your Taxes

We’re approximately one month away from Tax Day and the IRS is offering up a bit of advice on how to get through these next few weeks without losing too much sleep. The most prominent ingredient in IRS’ anti-stress formula … Continue reading

Posted in Tax Tips | Tagged , | Leave a comment