Articles Posted in TAX PROBLEMS

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California Tax Attorney:

Here is a quick summary of a recent US TAX COURT case against the Internal Revenue Service to challenge the taxpayer’s right to deduct donations to a Catholic Church. The case involves a married couple who got audited by the Internal Revenue Service concerning donations they deducted on their Internal Revenue Service Form 1040 tax return.

Anonymous U.S. Tax Petitioners v. COMMISSIONER OF Internal Revenue Service

Los Angeles Tax Attorney:

Here is a quick summary of a recent US TAX COURT case against the Internal Revenue Service to challenge the taxpayer’s right to deduct tax losses from a “S” Corporation. The tax case involves an attorney who claimed a loss from his incorporated law practice on his individual IRS Form 1040 tax return. IRS charged taxpayer with penalties and interests based on improper tax deduction.

R.WEISBERG et al v. COMMISSIONER OF Internal Revenue Service

Los Angeles Tax Attorney:

Internal Revenue Service IRS

released information on its tax audit and tax collection activity results from 2009. Tax Audit, Tax Collection and Tax Audit Category base on income can be found here .

Torrance Tax Attorney:

Here is a quick summary of a recent US TAX COURT case against the Internal Revenue Service to challenge the taxability of lawsuit settlement funds. The case involves money settlement received by a taxpayer from a class action against the US Air Force.

KEVIN HENNESSEY v.

Los Angeles Tax Attorney:

Internal Revenue Service IRS TAX has set a deadline for reporting offshore bank accounts and other offshore income activities through its voluntary disclosure program. Voluntary disclosure may eliminate risk of IRS criminal prosecution and reduce or eliminate assessment of tax penalties.

Even taxpayers who do not have offshore activities but have unreported income, fraud, unpaid taxes or unfiled tax returns will benefit from the IRS Voluntary Disclosure program.

Los Angeles Tax Attorney

United States Tax Court US TAX COURT intervention to expedite release of federal tax lien may not be required due to a new guideline issued by the IRS.

Internal Revenue Service IRS TAX today announced an expedited process that will make it easier for financially distressed homeowners to avoid having a federal tax lien block refinancing of mortgages or the sale of a home.

Los Angeles Tax Attorney: Last week’s firestorm regarding Sarah Palin’s wardrobe expenses generated several calls regarding tax implications or tax problems for Governor Palin stemming from her $150,000.00 clothing shopping spree.

Politics aside (Democrats position: $150,000 for clothes…she’s no Josephine Six Pack, Republicans Position: Remember John Edwards $400 hair cut), from an IRS tax perspective, it may be a non issue. (United States Tax Court US TAX COURT holds the jurisdiction to resolve any tax problems that may arise out of Palin’s tax situation.)

irs%20tax%20problems%20for%20palin.jpgUniforms provided by employers for business use are not taxable to the employee. I’m not sure if Sarah Palin is “employed” by the Republican Party because she is still the governor of Alaska. It may be possible that she is employed by both entities. Regardless, Palin’s clothing from Neiman Marcus and Saks 5th Avenue probably would not constitute “uniform” as defined by the IRS TAX CODE Although if RNC argued that all female members of the party must wear certain type of Valentino or Armani in red or black while on stage to campaign, it may have a plausible counter argument if such clothing items were not usable for ordinary wear.