IRS to seek more regulation of tax preparers The IRS reported that it is working on new rules that will require paid tax preparers to be licensed. This will improve tax compliance and reduce tax preparer fraud; IRS Commissioner Doug Shulman announced that on June 4, 2009. A whopping eighty…
IRS Disaster Tax Relief Added Leon, Levy and Wakulla counties, 5/12/09 Added Dixie and Gilchrist counties, 5/4/09 tax relief from the Internal Revenue Service. Following severe storms, flooding, tornados and straight-line winds on March 26, 2009, the President declared Calhoun, Dixie, Gilchrist, Hamilton, Holmes, Jackson, Lafayette, Leon, Levy, Liberty, Madison,…
UBS CLIENT PLEADS GUILTY TO FILING FALSE TAX RETURN HID ASSETS WORTH $3 MILLION IN SECRET SWISS BANK ACCOUNT Ft. Lauderdale Yacht Broker Second UBS Client Charged, First to Plead Guilty WASHINGTON – Robert Moran, of Lighthouse Point, Fla., pleaded guilty on criminal information charging him with filing a false…
U.S. JUDGE BARS TWO CONNECTICUT RESIDENTS FROM PREPARING FEDERAL TAX RETURNS FOR OTHERS Father and Daughter Prepared Tax Returns That Falsified and Inflated Deductions for Customers WASHINGTON – A federal district court in Connecticut has permanently barred Wethersfield residents Deowraj Buddhu and his daughter, Sunita Buddhu, from preparing federal tax…
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 is hiring hundreds of Internal Revenue Agents The IRS is hiring hundreds of Internal Revenue Agents – It’s a great time to join the agency! The IRS has begun a major hiring effort to fill hundreds of critical jobs nationwide. Most of these jobs are for internal revenue agent…
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…
Most Tax Procrastinating City in America Settle with IRS and resolve your tax problems by contacting the tax firm of Mike Habib, EA at 877-788-2937 or online at myirstaxrelief.com As reported by Intuit, maker of TurboTax. SAN DIEGO–(BUSINESS WIRE)–April 1, 2009–It’s the 50 yard dash to the April 15 tax…
Like-kind-exchange related party rule triggered gain recognition despite use of qualified intermediary Ocmulgee Fields, Inc. (2009) 132 TC No. 6 Mike Habib, EA Tax Relief Services The Tax Court has held that a taxpayer could not avoid the like-kind-exchange related-party rule by using a qualified intermediary. The taxpayer had to…
Adverse conditions may allow certain U.S. citizens to claim foreign earned income and housing cost exclusions [Rev Proc 2009-22]: Individuals who were forced to leave certain foreign countries in 2008 because of adverse conditions may still qualify as bona fide residents of that country for purposes of the IRC §911…