Why the IRS Investigates Preparers Profiling is illegal in criminal court, but it happens all the time in tax court cases. That’s especially true among tax preparer investigations, as T-men usually look for “red flags” to ... Read More
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What Are The Elements Of The Innocent Spouse Rule?
How to Get Out of a Joint Tax Debt Using Innocent Spouse If the IRS had a motto, it would definitely be show me the money. The Service will collect every dollar of tax revenue that ... Read More
OIC Program Elements And Why They Matter
Why the IRS Accepts Offers in Compromise To better understand the elements of the Offer in Compromise program, one must first understand what this program is not. First, although the IRS substantially liberalized and broadened the ... Read More
Doubt as to Collectibility Offers
Requirements for Doubt as to Collectibility Offers in Compromise Before approving any Offer in Compromise (except DATL), the IRS must first calculate “Reasonable Collection Potential” (RCP), and determine if a “Doubt as to Collectibilty” exists. If ... Read More
Will Bitcoin Banks Change Bitcoin Tax Regulations?
Will they change Bitcoin Tax Regulations? In terms of Bitcoin tax regulations, the U.S. government moved a step closer to designating the cryptocurrency as cash when Comptroller of the Currency Director Keith Noreika stongly hinted that his ... Read More
What’s The Difference Between Tax Avoidance And Tax Evasion?
Simple Breakdown of Tax Avoidance v Tax Evasion So you may be asking yourself simply out of curiosity or perhaps even for personal reasons “what’s the difference between tax avoidance and tax evasion?” Either way…we don’t ... Read More
Overview of the IRS offer in Compromise Process
4 Step Analysis for Processing Offers in Compromise The Offer in Compromise Program is one of the best ways to reduce tax debt. While the Offer in Compromise Program’s length varies greatly, it is not unusual to ... Read More
The Offer In Compromise Program: Qualifications
An Overview of The Offer in Compromise Program Most of us have seen the television commercials. “I hadn’t filed a tax return since the George W. Bush administration and the IRS was threatening to levy my ... Read More
Innocent Spouse Relief And Actual Knowledge
Proving lack of knowledge for IRS Innocent Spouse Relief can be challenging In most tax matters, such as tax fraud prosecutions, the IRS has the burden of proof. So, these matters are inherently difficult for the ... Read More
What If I Don’t Meet The Innocent Spouse Test?
Alternatives to Innocent Spouse for relief from joint tax debt Anyone who has ever seen a Cops rerun knows that, in criminal court, defendants are innocent until proven guilty. But in tax court, taxpayers are essentially ... Read More
