Category Archives: IRS

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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The Apprentice, IRS Style

Posted on September 8, 2013 by Russ

The IRS made videos parodying Star Trek and Gilligan’s Island. It’s time for another: The Apprentice, IRS Style: On the bright side, this video only cost us taxpayers $10,000; the Star Trek and Gilligan’s Island parodies cost a reported $60,000 … Continue reading →

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IRS Interest Rates Unchanged for the Fourth Quarter

Posted on September 5, 2013 by Russ

The IRS announced today that interest rates for the fourth quarter (beginning October 1, 2013) will be unchanged: 3% for overpayments (2% for corporate overpayments); 3% for underpayments; 5% for large corporate underpayments; and 0.5% for corporate overpayments exceeding $10,000. … Continue reading →

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IRS Is Big Hindrance in Social Security’s Matching of Social Security Numbers and Names

Posted on September 1, 2013 by Russ

I am on the distribution list for TIGTA (the Treasury Inspector General for Tax Administration) audit reports. These reports (which generally review IRS operations) are quite useful. I don’t read all of the other federal agencies’ Inspector General reports. There … Continue reading →

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All Legal Same-Sex Marriages Will be Recognized for Federal Tax Purposes

Posted on September 1, 2013 by Russ

The Department of the Treasury and the IRS announced last week that all same-sex marriages will be recognized for federal tax purposes. That means that if you are in a legal same-sex marriage, you must file as married filing jointly … Continue reading →

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