As published in the Winter Park/Maitland Observer, Thursday Jan. 3, 2012 Edition Offers... Read More »
Articles from January 2009
Obama Appointee Daschle has Geithner Tax Problem, Pays 3 Years Back Taxes
Looks like another Obama cabinet appointee has a tax problem. Tom Daschle, ex-Senate Majority leader and Obama’s choice for Health and Human Services Secretary, just paid the IRS $140,000 in back taxes. Business Week reports that Daschle owed back taxes for 2005, 2006, and 2007 based on audit adjustments made by the IRS for his…
Read Full Article Categorized in: Individual Taxation, Legislative Watch, NewsSenate Finance Committee Approves Tax Cuts: Includes AMT Patch
TaxNews.Com reports that, Economic recovery legislation made further progress through the United States Congress on Tuesday after the Senate Finance Committee approved approximately $522 billion in tax cuts, incentives, and other investments to stimulate the American economy. The legislation spearheaded by Chairman Max Baucus (D-Mont.) now includes $342 billion in tax cuts for families and businesses, with…
Read Full Article Categorized in: NewsIgnoring IRS Notices Makes Matters Worse
The Dreaded IRS Notice Nobody likes getting an IRS notice that doesn’t include a refund check along with it. But the truth is if you live long enough you are bound to get an unhappy letter from the tax man at some point. Many of our clients come to us only after they have received…
Read Full Article Categorized in: Back Taxes, IRS Collections, Tax Problems, Tax Tutorials, Unfiled Tax ReturnsForms of Tax Relief
I prepared this chart for my law firm website and thought it might make a useful blog post. If there’s anything missing, please let me know. Tax Relief Description Conditions Installment Agreement You pay a monthly amount based on your ability to pay calculated by deducting your necessary living expenses from your monthly income after…
Read Full Article Categorized in: Tax CollectionsHouse Approves Stimulus Bill, But Where is AMT Fix?
USA-Tax-News.Com reported today that, Senator Chuck Grassley, ranking Republican on the Senate Finance Committee, has criticized the version of the economic recovery legislation released by the House Ways and Means Committee last week for leaving out provisions that would curtail the reach of the alternative minimum tax for another year. “The tax bill released…
Read Full Article Categorized in: Alternative Minimum Tax, Legislative WatchTax Tutorials
How to Deal With an IRS Collection Notice IRS Last Known Address Rule Ignoring IRS Notices Makes Matters Worse IRS Collection Notices: How Serious is Yours? Taxpayer Rights and the IRS Collection Process What To Do If You Think the IRS is Wrong How to Deal With an IRS Auditor Why You Shouldn’t Handle an…
Read Full Article Categorized in: Tax TipsForms of Tax Relief
Tax Relief Description Conditions Installment Agreement You pay a monthly amount based on your ability to pay calculated by deducting your necessary living expenses from your monthly income after taxes Must comply with the terms of the installment agreement and be compliant with all tax laws for five years. Usually a tax lien will remain…
Read Full Article Categorized in: Tax TipsBlah, Blah, Blago: Impeachment Trial of Illinois Governor is Plot to Raise Taxes
The Associated Press reports that embattled Illinois Governor, Democrat Rod Blagojevich, has said he will not defend himself in the upcoming Illinois House impeachment trial because the system is fixed against him by people who want to raise taxes: Launching an all-out media blitz as his impeachment trial draws near, Gov. Rod Blagojevich compared himself…
Read Full Article Categorized in: Legislative Watch, News“Turbo Tax Did It:” Obama Top Financial Man Blames the Software
Paul Caron of TaxProf Blog wrote this today: Treasury Secretary nominee Timothy Geithner implied at his confirmation hearing that the mistakes in his tax returns were caused by his use of the TurboTax software program. Of course, as any tax professional knows, TurboTax (and any of the other leading software programs) easily calculates self-employment tax (as well as…
Read Full Article Categorized in: News, Taxes 10110 Dos and Donts Of Hiring Your IRS Representative
Tax representation is becoming like the condiments aisle at your local grocery store. There are just too many choices and no way to tell what’s best. Well, that’s what this post is for. Here are 10 do’s and don’ts to follow before hiring someone to represent you before the IRS: 1. Do ask for a…
Read Full Article Categorized in: Back Taxes, Tax Advice, Tax Return Preparation, Tax TipsTax Court Update – January 2009 – Statute of Limitations on Assessment
David Loeb v. Commissoner of Internal Revenueand Harold Molaison v. Commissioner of Internal Revenue (Consolidated) – The issue for decision in these consolidated cases was whether the statute of limitations barred the IRS’ issuance of the Notices of Deficiency. IRC § 6501(a) provides, Except as otherwise provided in this section, the amount of any tax imposed by…
Read Full Article Categorized in: IRS Penalties, Statutes of LimitationAnais Pickard, Accountant
Anais (pronounced “Anna – eese”) is a tax accountant and bookkeeper. Anais assists in the input of accounting data and the preparation and filing of income tax returns. She is fluent in English and Spanish and recently obtained her Bachelor of Science degree in Management from the University of Central Florida.
Read Full Article Categorized in: Firm BiographiesVicky Helle, IRS Enrolled Agent
Vicky is an IRS Enrolled Agent authorized to represent taxpayers in all matters before the Internal Revenue Service. Vicky has extensive tax preparation and accounting and bookkeeping experience and assists our clients in a wide range of tax matters. Before joining Pappas & Associates in 2004, Vicky was a tax preparer and accountant for Hodges…
Read Full Article Categorized in: Firm BiographiesJudy Infinger, IRS Enrolled Agent
Judy has been a practicing IRS Enrolled Agent since 1996. An enrolled agent is a person who has earned the privilege of practicing (representing taxpayers) before the Internal Revenue Service. Enrolled agents, like attorneys and certified public accountants (CPAs), are unrestricted as to which taxpayers they can represent, what types of tax matters they can…
Read Full Article Categorized in: Firm BiographiesRepeal the Corporate Income Tax and Bring Those Jobs Back Home
I just read two weekend posts by Paul Caron of TaxProf Blog titled GAO: 83% of Largest U.S. Companies Use Offshore Tax Havens; and WSJ: Best Economic Stimulus: A Corporate Tax Rate of Zero. In the first post, Professor Caron reports that a General Accountability Office (GAO) study indicates that more than 2/3rds of America’s largest corporations have subsidiaries in…
Read Full Article Categorized in: C Corporations, Corporate Tax, Opinion, Tax Policy