Disgorgement by Tax Preparer Denied by U.S. Federal Court

The IRS was handed a huge defeat in federal district court on Tuesday when Judge Anne B. Conway of the Middle District of Florida ruled that the United States had not proved that even $1 of profits (ill-gotten gains) received by a…

Read More

Eliminating IRS Penalties

When you file or pay your taxes late or are audited and changes are made to your return the IRS will usually assess a penalty against you. The IRS penalty rates vary from  5 percent of…

Read More

IRS Commish Wants Simpler Tax Code

IRS Commissioner Doug Shulman has come out for tax simplification: Most taxpayers want simplicity. They want to pay what they owe, understand what tax benefits they are entitled to, and not get tripped up by…

Read More

Another IRS Amnesty Program: The Voluntary Classification Settlement Program

The IRS is apparently so happy with the results of it’s offshore voluntary disclosure program that it has established a similar program in the area of worker classification. Michael Cohn of AccountingToday writes that the IRS…

Read More

IRS Amnesty Deadline Extended to September 9, 2011 Due to Irene

The IRS has just announced that is extending the deadline for taxpayers to participate in the Offshore Voluntary Disclosure Initiative. The original deadline was August 31, 2011. This means there is still plenty of time…

Read More