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Posts Tagged audit defense lawyer

Audit Defense Post – IRS Loses 2 Cases To Oral Testimony

Today’s issue of accountingTODAY included a story about a 22 year old taxpayer with 1 year of college education. After a protracted battle with the IRS, he took his battle to U.S. Tax Court — and won. All without documents. He won because the judge found his oral testimony to be credible. That’s good news [...]

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IRS Seeks To Tax “Stateless Income” – Business Tax Post

Here is a new term for you, “stateless income.” Thought to have been coined by a Congressional staffer in 2007, the IRS has apparently adopted the term – and the cause. Stateless income occurs when a company structures itself such that its profits are not taxed in any jurisdiction. An IRS deputy chief counsel announced [...]

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Trust Fund Recovery Penalty – Are You Liable?

The Trust Fund Recovery Penalty is a powerful weapon in the IRS’ arsenal. Under Internal Revenue  Code section 6672, responsible officers and individuals can become liable for unpaid trust fund taxes. These include most payroll taxes such as income tax withholding, social security and Medicare. That means if a business fails to pay these taxes, [...]

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IRS Taxpayer Advocate Slams Congress For Complexity Of Tax Code

by Brian Mahany We are big fans of Nina Olson, the IRS’ National Taxpayer Advocate. Although understaffed, her office is the last line of defense for taxpayers “stuck in the system” or unable to find answers to their questions. I liked the concept of an independent voice so much that I created the position in [...]

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