CHANGES TO OFFER IN COMPROMISE PART ONE

Changes to Offer in Compromise part one. What is now known as the IRS Fresh Start Program used to be called the Offer in Compromise. The IRS has made some changes due to Covid’s impact on the pocketbook’s of taxpayers. An Offer in Compromise allows taxpayers to settle their tax debt for an amount that […]

TIGTA CRITIQUES PROTECTION OF DATA

TIGTA critiques protection of data. The IRS continues to have challenges protecting taxpayer data, and especially ensuring that its various applications provide complete and accurate audit trails, according to the Treasury Inspector General for Tax Administration (TIGTA). TIGTA issued a report that highlights IRS shortcomings and challenges, titled Most Internal Revenue Service Applications do Not […]

REPORT ON ABUSIVE CHARITY TAX ABUSE

Report on abusive charity tax abuse. The report was addressed to Senator Charles Grassley, Chair of the Senate Finance Committee, so it is no surprise that it leads with the syndication of conservation easements. The center of this particular tax scam is Rome, Georgia. People there are arguing that syndicated conservation easements are the subject […]

CENTRALIZED PARTNERSHIP AUDIT RULES

Centralized partnership audit rules. These have changed at the IRS.  The statistics on partnership returns are overwhelming. Based on the data provided by the 2017 IRS Data Book and IRS bulletins the IRS has examined only 1% of partnership returns for FY 2017. Of course that will increase now that the IRS has been funding […]

ALPINE MAN OWES FOR YEARS OF UNPAID TAX

Alpine man owes for years of unpaid tax. Fifty seven year old Kevin Scott Wynn has reportedly lived part of the time in Alpine and part of the time in Mesa since 1996 but if he’s found guilty of tax evasion and failing to file tax returns he may be living up to six years […]

COURT RULES ON IRS PROGRAM

Court rules on IRS program. The Court of Appeals for the D.C. Circuit held in American Institute of Certified Public Accountants v. Internal Revenue Service that the AICPA had standing to challenge the IRS’s voluntary Annual Filing Season Program. However, the court held for the IRS on the merits, allowing the Service to continue the […]