Category Archives: IRS

FBI Agent Structures His Gambling Into ClubFed

Posted on December 19, 2013 by Russ

Law enforcement officers are supposed to know the law. That’s obvious, but one former FBI agent remembered half the law about currency (cash) deposits to his regret. Travis Wilson is a former Special Agent of the FBI. Agent Wilson liked … Continue reading →

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The Death of the Death Master File (Sort of)

Posted on December 19, 2013 by Russ

I’ve been complaining about the Death Master File for some time. This is a wonderful tool for identity thieves, allowing them to get all the details for an individual who has gone to the great beyond. As Jason Dinesen noted, … Continue reading →

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2014 Tax Season to Begin on January 31st

Posted on December 18, 2013 by Russ

The IRS announced today that 2013 personal tax returns will begin to be accepted on January 31st. Since most states piggyback onto the IRS’s computer system, most state returns can also begin to be filed on January 31st. The 2013 … Continue reading →

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IRS Provided Some Good Tips this Morning

Posted on December 17, 2013 by Russ

The IRS sends out tax tips, and this morning’s tips are worthy of a repeat: Start a filing system, make charitable contributions, and contribute to retirement accounts. The IRS first noted that individuals should start a filing system. If you … Continue reading →

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IRS E-Filing Closed Beginning on December 26th

Posted on December 17, 2013 by Russ

My software provider sent me an update tonight that the IRS e-filing system will be taking a holiday vacation beginning on December 26th and returning “sometime in early January; the exact date has not been announced.” This will impact business … Continue reading →

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It’s Nice to Know I’m Right, But…

Posted on December 14, 2013 by Russ

I’ve written on a few occasions about my battles with the IRS over incorrectly assessed Failure to File and Failure to Pay penalties. (See here, here, and here.) As I noted in the last post linked to above, I submitted … Continue reading →

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Bank Notice on IRS Tax Refund Fraud

Posted on December 9, 2013 by Russ

The IRS has been making noises that they are more aggressively pursuing identity theft and tax refund fraud. My bank (Bank of the West) sent me a notice on these issues. (I assume it was sent to all Bank of … Continue reading →

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IRS Interest Rates Unchanged for 1st Quarter 2014

Posted on December 9, 2013 by Russ

The IRS announced today that interest rates for the first quarter of 2014 will be unchanged: – 3% for overpayments (2% for corporations); – 3% for underpayments; – 5% for large corporate underpayments; and – 0.5% for the portion of … Continue reading →

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Don’t Try This at Home

Posted on November 24, 2013 by Russ

Thomas Thorndike was a tax preparer in Waterbury, Connecticut. I use “was” because earlier this year he was sentenced to six years at ClubFed for cheating on his own taxes and for helping clients obtain refunds using false deductions. Here’s … Continue reading →

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Pass the Popcorn, Please, II

Posted on November 20, 2013 by Russ

As ObamaCare and its troubles dominate the news, lurking in the background is the IRS scandal. The Chief Counsel of the American Center for Law and Justice (ACLJ) wrote an op-ed on FoxNews that noted the lawsuit filed by the … Continue reading →

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