IRS and treaty partners target Liechtenstein accounts Mike Habib, EA An IRS news release reports that IRS is initiating enforcement action involving more than 100 U.S. taxpayers to ensure proper income reporting and tax payment in connection with accounts in Liechtenstein. Observation: IRS is not alone in raising concerns about…
As you probably know by now, I specialize in representing individuals and businesses before the IRS and any taxing authority. Mike Habib, EA IRS strengthened enforcement policies, along with their new and complex tax regulations, makes it essential to properly plan for and manage IRS examinations or collections efforts in…
Tax Return Preparer Fraud Since I recently represented an innocent couple who were victims of Tax Return Preparer Fraud, and successfully helped them in their audit, I thought you might be interested in the info below. Per the IRS: FS-2008-10, January 2008 Return preparer fraud generally involves the preparation and…
Final substitute return regs adopt temporary and proposed regs with one minor changeT.D. 9380, 2/12/2008; Reg. § 301.6020-1 Mike Habib, EA In 2005, IRS issued temporary (also issued as proposed regs) that broadened the scope of when IRS-prepared substitute returns (SFR) are valid. Specifically, the temporary regs provide that a…
Facing an ever more aggressive Internal Revenue Service, Americans with tax debts should start 2008 with a fresh start and finally get rid of their looming tax problem(s). Are you asking yourself … If i have tax problems who should I contact? In case you hadn’t noticed, the taxman is…