Previously, we began looking at the topic of innocent spouse relief, and the conditions under which it is available. As we noted, an important requirement that for innocent spouse relief is that the spouse seeking relief must not have known or had reason to know of...
In recent posts, we’ve looked briefly at the difference between tax negligence and tax fraud, noting the differences in terms of intent, evidence and penalties. One issue that can sometimes arise with tax returns is, what if an individual filing a tax return has...
You may have a great idea for a startup and want to begin the process of establishing your business. You find yourself focused on marketing, advertising, financing, hiring or whatever else your company needs. But before you proceed any further, take a step back and...
We’ve been looking in recent posts at the difference between tax fraud and negligence, and emphasizing the importance of taxpayers working with an experienced attorney when the IRS decides to investigate reporting discrepancies.It is important for the taxpayer...
In our previous post, we began looking at the difference between tax fraud and tax negligence. As we noted, the difference is between being mistaken or careless, or perhaps reckless, and intentionally attempting to deceive the IRS in tax reporting.The IRS’...
For readers who do their own taxes, chances are most have made a mistake at some point that required correction. For some, the correction may have been made automatically by the IRS, while others may have gotten a call to clear things up.Those who have made...
Last week, the Internal Revenue Service released its annual Criminal Investigation report for 2016, detailing the number and type of investigations, recommended prosecutions and federal sentences obtained against those accused of tax crimes. While the total number may...
Last time, we began discussing a recent tax case involving the issue of domicile. As we noted, the CEO of Match Group was successful in arguing that he had temporarily created a domicile in Texas, even though he still had ties to New York and eventually returned...
Income tax disputes can sometimes involve complex technical questions. These issues can involve not only the amount and type of income due, but also the status of the taxpayer, as in the case of Greg Blatt, CEO of Match Group—the company that owns and operates...
In our last post, we began looking at some of the changes expected to occur with tax reform in the Trump presidency. As we noted, reduction of corporate income tax rate, ending taxing of overseas income returned to the United States, and implementing a border...
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