Category Archives: IRS

Deadlines for Us, but Not for Them

Posted on March 4, 2014 by Russ

I was on the phone today with the IRS about a client. Back in October he received an IRS notice regarding his 2012 return. We believed the IRS notice was incorrect. With this particular notice the only option was to … Continue reading →

Posted in IRS | 3 Comments

The Fun With the Two-Month Automatic Extension Continues

Posted on February 20, 2014 by Russ

I’ve been having issues with clients who take the automatic two-month extension. As I learned years ago, a taxpayer outside of the United States on April 15th gets two extra months to file his return. This is noted in Treasury … Continue reading →

Posted in IRS | Tagged | Comments Off on The Fun With the Two-Month Automatic Extension Continues

DC Court of Appeals Rules Against IRS: Loving Decision Upheld

Posted on February 11, 2014 by Russ

This morning the US Court of Appeals for the District of Columbia unanimously upheld the district court’s decision in Loving v. IRS. This means that the IRS’s goal of mandating licensing for all tax professionals is dead. At some future … Continue reading →

Posted in IRS | Tagged | 1 Comment

Mailbag: Can Gambling Income Transform to Ordinary Income by Moving It Through a Business Entity?

Posted on February 9, 2014 by Russ

Back in the Middle Ages, alchemists attempted to transform base metals into gold and silver. If only one could change lead into gold. Unfortunately, lead is lead and gold is gold. Why do I bring up alchemy? Because I received … Continue reading →

Posted in Gambling, IRS | Comments Off on Mailbag: Can Gambling Income Transform to Ordinary Income by Moving It Through a Business Entity?

IRS Harassment of Tea Party Groups Reportedly Has Continued

Posted on February 8, 2014 by Russ

Congress continues to investigate the IRS scandal, and news this week indicates that it continues. Here’s the first two paragraphs of a Washington Examiner article: Tea Party officials told a congressional panel Thursday they are still being targeted for harassment … Continue reading →

Posted in IRS | Tagged | Comments Off on IRS Harassment of Tea Party Groups Reportedly Has Continued

Tax “Professionals” Behaving Badly

Posted on February 2, 2014 by Russ

A couple of news pieces out of the Department of Justice this week highlighted two tax “professionals” who apparently behaved badly. Let’s start with an alleged violator out of Plantation, Florida. Keisha Stewart owns Professional Tax Services Inc., but her … Continue reading →

Posted in IRS | Tagged | 1 Comment

Life as a Second-Class Citizen

Posted on January 31, 2014 by Russ

I’m quite perturbed at the IRS today. The NAEA in its weekly eAlert email confirmed that I am now a second-class citizen. I reported last week about being told that tax professionals might be unable to order transcripts through the … Continue reading →

Posted in IRS | Tagged , | 1 Comment

Speaking of Transcripts…

Posted on January 26, 2014 by Russ

Last week I wrote about the possible elimination of the ability for tax professionals to request transcripts through the Practitioner Priority Service beginning tomorrow (Monday, January 27th). I have not received confirmation of this, nor have I received any official … Continue reading →

Posted in IRS | Tagged , | Comments Off on Speaking of Transcripts…

It’s Only $1,300; Do You Really Have To Send Me the 1099?

Posted on January 26, 2014 by Russ

The deadline for mailing 1099s to recipients is this coming Friday, January 31st. That’s a postmark deadline. If you mail a 1099 on Friday and it takes two weeks to get to the recipient, that’s not a problem. (Well, it … Continue reading →

Posted in IRS | Tagged , | 1 Comment

No More Ordering Transcripts Through Practitioner Priority Service?

Posted on January 23, 2014 by Russ

The IRS Practitioner Priority Service (PPS) is a wonderful tool for tax professionals. It allows us an easy way to obtain information on clients, set up installment agreements, and for practitioners to deal with the IRS. This morning I called … Continue reading →

Posted in IRS | Tagged | 3 Comments