Income Tax Archives - Page 16 of 26 - FREE Yourself from IRS Problems

Shamsey Oloko July 20, 2016 Employment Taxes, Income, Income Tax, Independent Contractor 0

Misconceptions And Truths About W-2s, 1099s, and 1095s

There are many misconceptions about IRS tax forms, especially W-2s, 1099s, and of course the new 1095 forms introduced by the Affordable Care Act. This blog will attempt to clarify the misconceptions and truths about these forms but first, some…

Shamsey Oloko July 11, 2016 Audit, Income Tax, Internal Revenue Code, Tax Evasion, Taxable Income 0

The Mitigation Provisions Of I.R.C. §§1311-1314

While the IRS uses the mitigation provisions of I.R.C. §§ 1311-1314 to reopen a taxpayer’s closed tax year and assesses tax deficiencies, it hardly facilitates taxpayers in using these provisions in similar fashion when seeking a refund from a closed…

Shamsey Oloko July 8, 2016 Corporate Tax, Corporate Tax, Income Tax, News, Tax Court, Taxable Income 0

Makric Enterprises, Inc. v. Commissioner: When Tax Mistakes Are Costly

Not knowing the details of a business transaction sounds preposterous on its face, especially when the ignorant taxpayer is the party which formulated the transaction. In the case of Makric Enterprises, Inc. v. Commissioner, TC Memo 2016-44, a failure to make…