HERE COME THE NOTICES!

HERE COME THE NOTICES!

HERE COME THE NOTICES!   A The IRS is Back in the Collection Business After a hiatus of over two years in mailing automated collection notices to delinquent citizens, the IRS is firing up the collection machine once again. This means that millions of citizens will...
HOW TO RELEASE WAGE AND BANK LEVIES

HOW TO RELEASE WAGE AND BANK LEVIES

HOW TO RELEASE WAGE AND BANK LEVIES CLAIMS  A Deep Dive Into the Idea of “Economic Hardship” The IRS issues hundreds of thousands of wage and bank levies annually. At best, the levies cause much disruption in one’s life as bank accounts and paychecks get swept up. At...
IRS PANICKING OVER ERC CLAIMS

IRS PANICKING OVER ERC CLAIMS

IRS PANICKING OVER ERC CLAIMS Agency Concerned that “Aggressive Marketing” Responsible for Bogus Claims  Congress created the Employee Retention Credit (ERC) as part of the CARES Act of 2020. The CARES Act was one of six pieces of legislation enacted between March...
Tax Court Remands CDP Case to Develop a Record

Tax Court Remands CDP Case to Develop a Record

TAX COURT REMANDS CDP CASE TO DEVELOP A RECORD Judicial Review Impossible Without an Adequate Record The recent Tax Court case of Bickel v. Commissioner, Docket No. 22038-22L, provides great insight into the manner in which the IRS is to conduct Collection Due Process...
Tax Court Remands CDP Case to Develop a Record

UPDATE ON IRS SPENDING PLANS

UPDATE ON IRS SPENDING PLANS IRS Reveals Spending Plans for ITs Windfall In April the IRS released its long-awaited Strategic Operating Plan for how it intends to spend the $80 billion in supplemental funding granted by the Inflation Reduction Act of 2022. The making...
Tax Court Remands CDP Case to Develop a Record

ERC PROGRAM UNDER ATTACK

ERC PROGRAM UNDER ATTACKProgram Named to IRS’s “Dirty Dozen” List In the February 2023 issue of PTT, I presented an article on the audit risks associated with the Employee Retention Credit (ERC). I pointed out that the IRS believes this credit is a source of...
How Not to Reconstruct Records

How Not to Reconstruct Records

HOW NOT TO RECONSTRUCT RECORDS Don’t Follow This Formula for Failure Lost or missing tax records are a regular and widespread problem. People lose records for a myriad of reasons, including fire, flood, hurricane, etc. My current client had her storage shed broken...