Category Archives: IRS

Why You Use Certified Mail

Posted on June 12, 2016 by Russ

A client was in IRS Appeals contesting the late filing penalty for his 2012 tax return. His return, which was ineligible for electronic filing, was on extension. The extension was timely electronically filed. The client believes he went to the … Continue reading →

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Only the IRS Can Unite Democrats and Republicans

Posted on May 30, 2016 by Russ

Last week Congress held a hearing on the IRS refusing to return wrongly seized small business owners assets. Only the IRS could unite Democrats and Republicans this year, and once again the IRS managed to do so. As reported in … Continue reading →

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Bozo Tax Tip #1a: They Shoot Jaywalkers, Don’t They? (Or Ignoring the FBAR!)

Posted on April 15, 2016 by Russ

I have, unfortunately, become quite competent in the Report of Foreign Bank and Financial Accounts. That form is better known as the FBAR. It used to have the form number TD F 90-22.1 (yes, it really did) but now goes … Continue reading →

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Bozo Tax Tip #3: Let Your IRS Notice Age Like Fine Wine!

Posted on April 13, 2016 by Russ

My brother is a wine connoisseur. As all my friends know, I’m anything but a wine aficionado. But I have learned one difference between fine wine and a notice from the IRS: Wine can age very well but IRS notices … Continue reading →

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Bozo Tax Tip #4: Honey, You Don’t Exist!

Posted on April 12, 2016 by Russ

Ah, Spring is in the air. And with that come the inevitable wedding invitations. I had an invitation to a wedding on April 9th. No, I didn’t attend. With weddings comes changes in tax status. Your marital status on December … Continue reading →

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Bozo Tax Tip #5: Procrastinate

Posted on April 11, 2016 by Russ

You may have noticed that Bozo Tax Tip #1 appeared last week. Never fear, there’s another #1 Bozo Tax Tip that will appear on Friday. Now on with the countdown: Today is April 11th. The tax deadline is just seven … Continue reading →

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Bozo Tax Tip #6: The Shell

Posted on April 8, 2016 by Russ

I was talking with a friend who is an attorney in the Midwest. She told me about an individual who decided to use ten layers of shell companies to hide his income. It worked so well that the Bozo had … Continue reading →

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A Bad Day for the IRS in Court

Posted on March 22, 2016 by Russ

An appeals court decision today should end speculation on Democrats’ claims that the IRS scandal is a non-event. The Sixth Circuit Court of Appeals heard an appeal last week. The NorCal Tea Party Patriots had filed a class action suit … Continue reading →

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March 15th Tax Deadlines

Posted on March 14, 2016 by Russ

There are a number of tax deadlines tomorrow, March 15th. Here’s what you need to know. Calendar Year Corporations: If you have a calendar year corporation, your Form 1120 or Form 1120S is due tomorrow. If you’re not ready to … Continue reading →

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Koskinen Wins Public Service Award; Chaffetz Gets It Right

Posted on March 6, 2016 by Russ

IRS Commissioner John Koskinen was awarded the prestigious Elliot L Richardson Prize for Excellence in Public Service by the National Academy of Public Administration. According to the NAPA’s website, Those individuals selected to receive the ELR Prize shall have demonstrated: … Continue reading →

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