TAX SHELTER PROMOTER PLEADS GUILTY TO CONSPIRING TO IMPEDE AND IMPAIR THE IRS WASHINGTON – Anthony G. Merlo, a former resident of Fort Worth, Texas, and the U.S. Virgin Islands, pleaded guilty to conspiracy to defraud the United States, the Justice Department and Internal Revenue Service (IRS) announced. Merlo appeared…
IRS TAX HELP – First Quarter 2009 Tax Update While the new law tax changes in the American Recovery and Reinvestment Act of 2009 were the most significant developments in the first quarter of 2009, many other tax developments may affect you, your family, and your livelihood. These other key…
IRS Q&As shed some new light on the homebuyer credit First-Time Homebuyer Credit: Questions and Answers, IRS Web Site Mike Habib, EA Tax Relief & Tax Problem Resolution Services IRS has posted a number of questions and answers (Q&As) on the first-time homebuyer credit on its web site. They are…
IRS unveils 2009 list of notorious tax scams–the “Dirty Dozen” IR 2009-41 Mike Habib, EA Tax Relief & Tax Problem Resolution Services IRS has unveiled its latest list of notorious tax scams, which it calls the “Dirty Dozen,” highlighted by schemes involving phishing, hiding income offshore and false claims for…
Get Tax Relief Today It’s important for you to file your income tax return on time, even if you cannot pay. The IRS does not take delays lightly, so if you already know that you’re going to have a difficult time paying your taxes in full, you want to start…
Tax Court finds regs imposing time limit on request for relief from joint and several liability invalid Lantz, (2009) 132 TC No. 8 Mike Habib, EA Tax Relief & IRS Tax Help The Tax Court has concluded that Reg. § 1.6015-5(b)(1), which provides that a spouse must request relief under…
Recession Offers the Best Opportunity to Obtain Tax Relief American taxpayers are afforded the best IRS tax help in this financial crisis. Pasadena, CA –(PR.com) — The current financial crisis is the best time to get IRS tax help. Just recently, the IRS has announced that it will adopt a…
IRS posts Q&As on the Making Work Pay Credit Making Work Pay Credit: Questions and Answers, IRS Web Site IRS has posted a number of questions and answers (Q&As) on the Making Work Pay Credit (MWPC) on its web site. They are grouped into four categories: general issues, Form W-4,…
G-20 includes accounting reform in proposed overhaul of market regulation Mike Habib, EA Tax Relief & Tax Problem Resolution Summary: The heads of the leading 20 world economies called on accounting standard-setters to revise fair value guidance and adopt a single, global set of global accounting rules. The leaders also…
Roundup of recent employment tax related cases of interest Mike Habib, EA Tax Relief & Tax Problem Resolution Federal courts have recently issued rulings on: (1) whether medical residents may qualify for the student FICA exception, (2) whether an employee’s embezzlement was reasonable cause for failing to remit withholding taxes,…