Monthly Archives: September 2012

Corporations on FTB’s Top 500

In a couple weeks the Franchise Tax Board (FTB) will be submitting its “Top 500” list to state licensing agencies, including the DMV.  The FTB Top 500, if you recall, is a list of California taxpayers with the most serious … Continue reading

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IRS is Soft on Federal Agencies

Private businesses that do not file and/or pay their employment taxes are subject to a variety of enforcement actions: assessment of penalties and interest filing of a federal tax lien final notice of intent to levy assessment of a Trust Fund Recovery Penalty (TFRP) … Continue reading

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Know Your Taxpayer Rights

Taxpayer rights are listed in Publication 1 as follows: Privacy and Confidentiality Professional and Courteous Service Representation Payment of Only the Correct Amount of Tax Help with Unresolved Tax Problems Appeals and Judicial Review Relief from Certain Penalties and Interest There … Continue reading

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Interesting IRS Stats

Let’s look back on some of the statistics compiled by the IRS for Fiscal Year 2011 and try to determine what will be reported for FY 2012.  Will we see any new tax relief trends?  My source is the Statistics of Income … Continue reading

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Do I Need an EIN?

Most people, including some IRS personnel, call it an EIN number.  But the “N” in the acronym stands for “Number,” so it should be referred to simply as an “EIN,” unless you mean to say “Employer Identification Number Number,” which is … Continue reading

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Postal Workers Assisted in Tax Refund Fraud Scheme

A multimillion dollar tax refund fraud scheme was dismantled by authorities recently, but not after the IRS paid out over $5 million in refunds based on claims made using stolen identities from citizens of Puerto Rico.  “Operation Mass Mail” finally resulted in a … Continue reading

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Back Again: Pulpit Freedom Sunday 2012

Hundreds of defiant pastors will be joining forces next month for “Pulpit Freedom Sunday,” an event intended as a “head-on constitutional challenge” to the rules prohibiting churches from endorsing or opposing political candidates.  Participation has grown every year since 2008 when the movement … Continue reading

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Denmark’s “Fat Tax” is Losing Support

  I was sad to learn that the Danish government is second guessing the “fat tax” that just made it on the books last October.  They are finding that Danes are crossing the border for tax relief.  They are crossing into neighboring countries (Germany, … Continue reading

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Letter Audit Process Nicer Now . . . But Not Faster

The number of IRS “correspondence audits” has risen sharply in recent years.  A correspondence audit is a type of tax audit that is handled in the following manner: The IRS sends taxpayer a letter questioning something on his/her tax return … Continue reading

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TIGTA Detects Unauthorized Disclosure at IRS

The Treasury Inspector General for Tax Administration (TIGTA) recently published a report expressing concern over the submission of tax account transcripts to tax professionals through E-services.  The concern is that confidential tax records are being sent without proper authorization. Proper authorization normally means the … Continue reading

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