Category Archives: IRS

Licensing of Tax Preparers Is Coming

Posted on January 4, 2010 by Russ

The IRS announced this morning that it will soon require registration and exams for most tax preparers who are not regulated. The report in the Wall Street Journal notes that the changes “will take several years to implement and will … Continue reading →

Posted in IRS, Tax Preparation | Tagged | 2 Comments

What’s Good for the Goose Is Good for the Gander

Posted on December 30, 2009 by Russ

If you move and don’t notify the IRS, bad things can happen. The IRS can send to your last known address a Notice of Deficiency. Even if you don’t receive it, it will be considered received if it was sent … Continue reading →

Posted in IRS, Tax Court | Tagged | 1 Comment

Who’s in the Crosshairs?

Posted on December 28, 2009 by Russ

The IRS released their Fiscal Year 2009 Enforcement Results last week. Business audits are down while individual audits are up. If your income is over $1 million, you have a 6.42% chance of being audited. If your income is under … Continue reading →

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At Least They Got 30% Right…

Posted on December 24, 2009 by Russ

Government efficiency is usually thought of as an oxymoron. Yet another example of this has come to light—this time, in the world of tax. The Treasury Inspector General for Tax Administration (TIGTA) audited the IRS’ assignment of Individual Taxpayer Identification … Continue reading →

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Links from the Blogosphere

Posted on December 12, 2009 by Russ

Over the past few days there’s been plenty of good stuff in the tax blogosphere. Here are some highlights: Joe Kristan wrote about William Benson. Mr. Benson wrote The Law That Never Was alleging that the 16th Amendment wasn’t ratified. … Continue reading →

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IRS 2009-2010 Priority Guidance Plan

Posted on December 3, 2009 by Russ

A couple of weeks ago the IRS released their 2009-2010 Priority Guidance Plan. There are 315 items on the list. It reflects the IRS’ goals in areas to give guidance; not every one of the 315 items will be covered … Continue reading →

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Standard Mileage Rates for 2010

Posted on December 3, 2009 by Russ

The IRS announced this morning the standard mileage rates for 2010. They are: $0.50/mile for business miles ($0.55/mile in 2009) $0.165/mile for medical and moving ($0.24/mile in 2009) $0.14/mile for charitable purposes (unchanged; set by statute) The details are in … Continue reading →

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I Survived!

Posted on October 18, 2009 by Russ

There’s a show on Discovery called I Survived. The show features individuals who survive situations that could lead to death. Nothing like that for me (thankfully), but another tax season has come and gone. I can put 2008 to bed … Continue reading →

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FBAR Extension Applies to Late Filers, Too

Posted on September 21, 2009 by Russ

With the IRS announcing the extension for FBAR voluntary disclosure filers, an obvious question is whether the extension also applies to those who are simply late in filing their 2008 Report of Foreign Bank and Financial Accounts (Form TD F … Continue reading →

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FBAR: Extension to October 15th?(Confirmed)

Posted on September 21, 2009 by Russ

Bloomberg is reporting that the IRS will delay the September 23rd extended deadline for filing the Report of Foreign Bank and Financial Accounts (Form TD F 90-22.1, or FBAR) until October 15th. The extension (of an extension) was requested by … Continue reading →

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