Monthly Archives: February 2013

IRS Tax Cheat Poll

A recent IRS poll shows that 87% of American taxpayers believe it is NEVER ok to cheat on their income taxes. In my experience as a tax attorney, I can’t help but think this little statistic is overly-optimistic.  It is … Continue reading

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It’s Who You Know

Federal tax refund fraud is a growing problem that has the IRS on its toes.  Over the past few years the IRS has intensifyied its efforts to combat refund fraud, but it has been a challenge for the IRS to keep pace. Some … Continue reading

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Tax Relief For The Home Office Tax Deduction Available in 2013

The home office deduction, while useful, is complex and often the bait for an audit trap. Beginning in tax year 2013, Congress has implemented an optional standard home office deduction in order to make the home office deduction more available … Continue reading

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Wal-Mart and the EITC

The Earned Income Tax Credit (EITC) is a refundable federal income tax credit that was first offered to taxpayers back in 1975 to help prevent low income families from slipping into poverty.  EITC can mean tax relief (lower taxes) for … Continue reading

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Help the IRS Reduce America’s Tax Burden

You’ve probably never heard of the Taxpayer Burden Reduction (TBR) division of the IRS; few people have. TBR is led by senior advisor, Laurie Tuzynski, who recently explained her role in an official IRS video. Taxpayer Burden is defined as … Continue reading

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The Neglected Government-Issued BlackBerry

Most people wouldn’t pay for internet service if they didn’t have a computer.  And most people wouldn’t keep the car insurance current on a rusted bucket of bolts that isn’t being driven.  But the IRS isn’t “most people.”  The latest report from the Treasury Inspector General … Continue reading

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Only Tax Debt Blues For Utah Jazz Assistant Coach

Probably not a front page nab, but the North Carolina Department of Revenue recently set their crosshairs on Utah Jazz Assistant Coach and Former North Carolina State basketball head coach Sidney Lowe. The North Carolina Department of Revenue probably has … Continue reading

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Facebook’s Tax Refund

News that Facebook would be receiving a $429 million tax refund was of course misinterpreted by the general public.  The consensus among those who just don’t understand the complete story is that a company as profitable as Facebook should never … Continue reading

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Is This The Year You Should Itemize Your Deductions on Your IRS Tax Return

It’s now February, and tax day is just around the corner … but far enough away to allow you time to explore your options and minimize your tax exposure. While preparing your tax return the goal is always to legally … Continue reading

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2012 Whistleblower Awards Top $125 Million

This week the IRS announced that it paid out a total of $125 million in whistleblower claims during 2012 compared to only $8 million in 2011.  But this flashy statistic is not quite as incredible as you might think.  The IRS paid … Continue reading

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