Audit Representation

15
Jul

IRS People First Initiative Ends Today – What happens now?

By:  Derek Wheeler Today, July 15th, the IRS’ People First Initiative will come to an end. Implemented at the end of March as COVID-19 began spreading throughout the United States and large parts of the country began to shutdown, the People First Initiative relieved taxpayers of many impending tax burdens. Filing deadlines were extended, installment payment agreements were suspended, and

Read more

26
Jun

High Income Non-Filers Beware – Audits Are Coming

By:  Heather L. Marello and Kevin M. Murphy During a recent web conference, IRS Large Business and International Division Commissioner Douglas O’Donnell warned that IRS is gearing up to initiate hundreds of non-filer audits against high income individuals and those with related flow-through entities. The original announcement of this initiative came in July, 2019, when LB&I added high income non-filers

Read more

3
Apr

IRS Warns Taxpayers About COVID-19 Scams Related to Economic Impact Payments

The IRS has issued a warning to taxpayers to be cautious about phishing scams pertaining to IRS payments during the COVID-19 pandemic.  These scams can lead to serious tax-related fraud and identity theft.  Taxpayers should be mindful of this if they receive any phone calls, emails, text messages, social media or website requests for money or personal information.  Taxpayers are

Read more

2
Apr

Update on Recent IRS Actions During COVID-19

There have been a significant number of recent IRS updates that impact taxpayers from both a controversy and compliance perspective. While our focus is to always provide the absolute best tax controversy updates and counsel for our clients, the IRS is currently modifying many current compliance procedures in the wake of the pandemic that are important to pass on to

Read more

25
Mar

Federal Income Tax Return Filing and Payment Relief

Last week, the Treasury Department and the Internal Revenue Service (IRS) announced that the filing deadline for certain returns has been extended from April 15, 2020 to July 15, 2020 (Notice 2020-18) and they also provided some payment relief in response to the COVID-19 national emergency.  Although this is an ever-evolving and fluid situation, for the time being the Treasury

Read more

20
Mar

State and Federal Tax filing deadlines extended to July 15th

Treasury Secretary announced today that the IRS’ tax filing deadline has been extended to July 15th.  This will be welcome news to not only taxpayers but the tax practitioners who were under the gun to get tax returns filed by April 15th in this tumultuous and uncertain environment resulting from the coronavirus outbreak.   With this new change, both the tax

Read more

20
Mar

New York State Announces Penalty and Interest Waiver for Sales Tax Filings

As the COVID-19 spreads, taxpayers of all walks of life are affected by the vast actions taken to contain its spread and protect public health. In the face of this public health crisis, we want to ensure that all those that are being affected by this are educated on their rights and responsibilities in regard to their personal and business

Read more

11
Feb

Recent Tax Court rulings may allow refunds of previously assessed penalties

By: Derek B. Wheeler, Esq. and Heather L. Marello, Esq. As part of the Restructuring and Reform Act of 1998 (“RRA 98”), Congress enacted IRC §6751(b)(1), which requires written supervisory approval for certain penalties proposed by the IRS.  Much of RRA 98 focused on legislative controls to prevent abusive practices by IRS personnel which had come to light in the

Read more

10
Oct

New York Adds an Economic Hardship Exception to License Suspension Statute

By: Heather Marello, Esq. In 2013, New York added Section 171-v to the tax law, which provides that the State may suspend a taxpayer’s driver’s license if his or her tax, penalty and interest exceeds $10,000 and the taxpayer is not in an installment payment arrangement or have an accepted Offer in Compromise by the Tax Department.  When the law

Read more

1
Mar

“But It’s Not My Fault” How to Obtain Innocent Spouse Relief

By: Heather L. Marello Married taxpayers often file their annual income tax returns electing “married filing joint” status.  While often beneficial from a tax perspective, spouses rarely understand that, by electing this status, each spouse agrees to be liable for the entire amount due for that year – whether it is the liability reported as due on the return or

Read more

Subscribe

Subscribe to the Tax Matters Blog.
First Name
Last Name
Industry
Email address
Secure and Spam free...

Subscribe

Subscribe to the Tax Matters Blog.
Email address
First Name
Last Name
Industry