Category Archives: IRS

You Filed That Extension, And Only Now Are Realizing the Deadline is Wednesday…

Posted on October 12, 2014 by Russ

Yes, only three days are left until the extension deadline. If you file on October 16th, it’s as if you never filed that extension (you will owe a 22.5% late filing penalty). So what should you do if you’re just … Continue reading →

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It’s Not As If Anything Is Happening Right After This…

Posted on October 7, 2014 by Russ

Of course, after reporting good news from the IRS there must be bad news to balance it out. And there is. For reasons that only the bureaucrats at the IRS can fathom, every year over Columbus Day weekend the IRS … Continue reading →

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IRS Simplifies Reporting for RRSPs and RRIFs

Posted on October 7, 2014 by Russ

In a piece of good news, the IRS announced today that US taxpayers will automatically be treated as deferring income from Canadian Registered Retirement Savings Plans (RRSPs) and Canadian Registered Retirement Income Funds (RRIFs). In other words, the treatment will … Continue reading →

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One Good Erasure Deserves Another

Posted on October 1, 2014 by Russ

I wonder if this sounds familiar to anyone: An organization is looking for key information stored on IRS computers. A lawsuit ensues, and the hard drives were allegedly wiped clean. No, I’m not talking about the IRS Scandal, Lois Lerner, … Continue reading →

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“I’ve tried to tell you the truth every time I’ve been here”

Posted on September 21, 2014 by Russ

That quote is from IRS Commissioner John Koskinen during his testimony from earlier this week on Capitol Hill. I have a simple question for Commissioner Koskinen: Why doesn’t that quote read, “I’ve told you the truth every time I’ve been … Continue reading →

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Let’s Give Lois Lerner Credit Where Credit Is Due

Posted on September 10, 2014 by Russ

We don’t know with certainty what Lois Lerner’s role is in the IRS scandal. However, let’s give credit to Ms. Lerner in exposing something that definitely is wrong with the IRS. It turns out that Ms. Lerner was upset with … Continue reading →

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Another Friday: More IRS Revelations

Posted on September 7, 2014 by Russ

Shock of shocks, another Friday and we get more revelations on the IRS Scandal. Of course, if one believes the IRS and the Obama Administration, Lt. Frank Drebin had it right: Let’s get to the updates: First, the IRS announced … Continue reading →

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IRS Won’t Say Why It Erased Lois Lerner’s Blackberry

Posted on September 4, 2014 by Russ

Let’s assume you’re under a court order to find some emails. Your hard drive crashed, but you think that some of them are saved on your Blackberry. Would you: (a) Try to find them on the Blackberry, (b) Do nothing, … Continue reading →

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This Won’t Help Confidence in the IRS

Posted on September 3, 2014 by Russ

From South Florida comes a story of one IRS employee who allegedly liked to help taxpayers…just in the wrong way. Charles Corbitt worked for the IRS in West Palm Beach, Florida. He was charged with wire fraud today and is … Continue reading →

Posted in IRS, Tax Fraud | 1 Comment

Do Call Us, We Won’t Call You

Posted on August 28, 2014 by Russ

The IRS does not initiate collection activities by phone calls. If you owe money to the IRS, the first notice will always be a letter delivered by the Postal Service. Unfortunately, scammers are continuing to pray on people. The IRS … Continue reading →

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