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Posts Tagged audit defense

Internal Audit Post: Oneida Tribe Pays Property Taxes – Twice

The Oneida Tribe of Indians is a sovereign tribal government occupying 102 square miles of land near Green Bay, Wisconsin. Like most federally recognized tribes, The Oneidas are exempt from local property taxes. A recent internal audit stemming from the tribe’s housing authority revealed the tribal government had improperly paid county property taxes for years. [...]

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Wisconsin Court Rules Concert Co-Promoter Liable For Unpaid Taxes

A Wisconsin Circuit Court judge upheld a decision of the state’s Tax Appeals Commission, finding a concert “co-promoter” liable for unpaid taxes. The decision highlights how businesses can be held responsible for unpaid taxes even if they had no role in collecting the taxes. The Riverside Theatre in Milwaukee is a popular venue for concerts. [...]

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Bad Tax Policy – California’s Retroactive Tax Levy

We represent many businesses – everything from local “mom and pops” to a Fortune 150 company. What is the single biggest problem facing such a diverse group of business taxpayers? Bad tax policy; especially the lack of predictability and consistency. If you ask the general public what’s wrong with the tax system you are likely [...]

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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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Audit Defense Post – Where Do You Really Live?

As the demand for government services increases, so do state and local governments’ appetite for tax revenues. In recent years we have seen more instances where two states claim the same taxpayer as a resident for tax purposes. More often, the situation occurs when a taxpayer claims to have changed his legal domicile but continues [...]

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IRS Audit Defense – IRS Gets Info From Spy Agencies

Reuters recently carried a scary story – the IRS exchanges information with the Federal Bureau of Investigation, Drug Enforcement Administration, National Security Agency and the Central Intelligence Agency. If the stories about IRS targeting certain tea party groups didn’t scare you, this post will. While its normal for law enforcement agencies to share some information [...]

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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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