Category Archives: IRS

“An Excercise in Bureaucratic Futility”

Posted on July 19, 2013 by Russ

Earlier this week I mentioned to you the ridiculous Patient Centered Outcomes Trust Fund Fee that HRAs must pay. I called it the most ridiculous tax ever. Jason Dinesen posts a real example of what he went through for one … Continue reading →

Posted in IRS | Tagged | Comments Off on “An Excercise in Bureaucratic Futility”

Self-Proclaimed First Lady of Tax Fraud Gets 21 Years at ClubFed

Posted on July 18, 2013 by Russ

Let me give some helpful hints to anyone who is thinking of engaging in a life of crime. First, don’t brag about it to others. Live your life in a nice peaceful way and blend in. Second, if you do … Continue reading →

Posted in IRS, Tax Fraud | Tagged | 1 Comment

The IRS Is Not Taking July 22nd Off

Posted on July 16, 2013 by Russ

Earlier this year, the IRS announced they would be taking five furlough days due the sequester. The next of these furlough days was supposed to be Monday, July 22nd. The IRS announced today that the July 22nd furlough will not … Continue reading →

Posted in IRS | Tagged , | Comments Off on The IRS Is Not Taking July 22nd Off

The Most Ridiculous Tax Ever

Posted on July 15, 2013 by Russ

Suppose you have a Section 105 Health Reimbursement Arrangement. Do you know that you have a tax deadline approaching in just 16 days? Jason Dinesen has an excellent post on this. A Health Reimbursement Arrangement (HRA) is a common method … Continue reading →

Posted in IRS | Tagged , , | 1 Comment

I’m Shocked to Find Another Enrolled Preparer Committed Tax Fraud

Posted on July 14, 2013 by Russ

Not really. The IRS would like the public and Congress to believe that if every preparer were regulated by the IRS that preparer tax fraud would magically vanish. The reality is that as long as money is involved in an … Continue reading →

Posted in IRS | Tagged , | Comments Off on I’m Shocked to Find Another Enrolled Preparer Committed Tax Fraud

National Taxpayer Advocate Report: Identity Theft, OVDP, and ITINs Among the Major Issues

Posted on June 30, 2013 by Russ

Nina Olson, the National Taxpayer Advocate, issued her annual report to Congress this past week. She also included a special report on “Political Activity and the Rights of Applicants for Tax-Exempt Status.” Here are some of the other issue she … Continue reading →

Posted in IRS | Tagged | Comments Off on National Taxpayer Advocate Report: Identity Theft, OVDP, and ITINs Among the Major Issues

IRS Scandal Update: Washington & Austin

Posted on June 30, 2013 by Russ

The more that comes out of Washington, the more I’m beginning to think that IRS management is deliberately dragging their feet in revealing information. We still don’t know what happened, but there have been developments this week. Liberals attempted to … Continue reading →

Posted in IRS | Tagged | Comments Off on IRS Scandal Update: Washington & Austin

Mandatory efiling of FBARs Effective July 1st

Posted on June 28, 2013 by Russ

Effective July 1st, all FBARs–Form TD F 90-22.1, Report of Foreign Bank and Financial Accounts–must be efiled. You must use the BSA efile system to efile FBARs. This includes amended FBARs. (One exception would appear to be individuals coming into … Continue reading →

Posted in IRS | Tagged , , | Comments Off on Mandatory efiling of FBARs Effective July 1st

DOMA Done, But Don’t File that Joint Return Just Yet

Posted on June 26, 2013 by Russ

The US Supreme Court ruled today that the federal Defense of Marriage Act (DOMA) was unconstitutional. That makes it appear that same-sex couples should be able to file joint tax returns. There’s only one problem: The IRS computers likely would … Continue reading →

Posted in IRS | Tagged | 2 Comments

Loving Appeal to be Heard on September 24th

Posted on June 26, 2013 by Russ

The US Court of Appeals for the District of Columbia set oral arguments for September 24th in the IRS’s appeal of Loving v. IRS. This is the case that stopped the IRS’s scheme to regulate unenrolled tax professionals. While the … Continue reading →

Posted in IRS | Tagged | 1 Comment