Category Archives: IRS

It’s One Minute Before Midnight…

Posted on October 13, 2013 by Russ

…for most of us who file tax returns. The deadline is Tuesday, October 15th at midnight for those on extension. That’s it–there’s no tomorrow (well, there is…but not for filing) with three exceptions (noted below). So what should you do? … Continue reading →

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Some Things Still Work; Others Don’t (IRS Shutdown)

Posted on October 3, 2013 by Russ

With the IRS being basically closed, some services are still available. Tonight I was able to log into e-services and print a transcript for a client–a client I already had a Power of Attorney for. Yesterday, a new client came … Continue reading →

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The Government Shutdown and Taxes

Posted on October 1, 2013 by Russ

Apparently the Republicans and Democrats couldn’t get their heads together yesterday, and the government has partially shut down. What does that mean for taxes? Your tax returns on extension are still due on October 15th. That deadline is statutory, so … Continue reading →

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It’s Only $67 Million that We Can’t Find…

Posted on September 29, 2013 by Russ

Have you ever lost something? Of course you have–we all have had experiences where we can’t find that paper we need. Of course, just after we get the second copy of the paper we find the original (Murphy’s Law at … Continue reading →

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No Loving for Dead Horses in DC Court of Appeals

Posted on September 25, 2013 by Russ

While I was enjoying Texas, the DC Circuit Court of Appeals heard the IRS’s appeal of Loving v. IRS. This is the case that stopped the IRS from regulating tax preparers. The IRS argued that the circuit court got the … Continue reading →

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A Tale of Two Audits

Posted on September 25, 2013 by Russ

Yesterday and today I represented two taxpayers in examinations (audits). I took a day trip to Texas yesterday, and today spent some time in downtown Las Vegas. One thing is certain: The IRS has far nicer quarters here in Las … Continue reading →

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The Affordable Care Act and Gamblers: A Bad Bet

Posted on September 21, 2013 by Russ

The Affordable Care Act (aka ObamaCare) is a complex law. For those who gamble, both professionally and as amateurs, there will be a multitude of impacts. The law includes twenty new taxes. Let’s take a look at how these will … Continue reading →

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IRS Scandal: Lerner, Others Re-Enter Spotlight

Posted on September 17, 2013 by Russ

The IRS scandal hasn’t gone away. More documents have been released, and they’re not flattering towards Lois Lerner. Government Executive has this: In a June 2012 email responding to an NPR story discussing the Democratic Senatorial Campaign Committee complaint with … Continue reading →

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Business and Trust Tax Filing Deadline is Monday

Posted on September 14, 2013 by Russ

If you haven’t yet filed your corporation tax return (Form 1120 or Form 1120S), partnership tax return (Form 1065), or fiduciary (trust) tax return (Form 1041) that’s been on extension, the deadline for filing those forms is Monday, September 16th. … Continue reading →

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Did IRS Give Black Nonprofits Preferential Treatment?

Posted on September 8, 2013 by Russ

Investors Business Daily reported in an editorial that the IRS “selectively advised black churches and other Democrat nonprofits on how far they can go in campaigning for President Obama and other Democrats” during the 2012 campaign. IBD reported that Attorney … Continue reading →

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