Income Tax Archives - Page 17 of 23 - FREE Yourself from IRS Problems

Shamsey Oloko May 10, 2016 Audit, Civil Liabilities, Civil Penalties, Collection Activities, Federal Tax Liens & Levies, Income Tax 0

What Is An IRS Levy?

A tax or IRS levy is an administrative action by the IRS under its statutory authority to legally seize property to satisfy a tax debt. This is in contrast to a lien which is a legal claim against property to…

Shamsey Oloko May 6, 2016 Audit, Business Expense, Business Expenses, Charitable Contributions, Civil Liabilities, Civil Penalties, Criminal Liabilities, Deductions, Fraudulent Return, Frivolous Return Program, Home Office, Income Tax, Medical Expenses, Ordinary and Necessary Expenses, Representation, Tax Fraud 0

Pushing It To The Limit: Odd, Unusual And Crazy Tax Deductions

Working at the IRS or representing clients before the IRS has its perks and advantages. Having the opportunity to observe all of the outlandish and bizarre attempts by taxpayers to assert legitimate,valid tax deductions is rare. On one hand, it…

Shamsey Oloko May 5, 2016 FATCA, FBAR, Filing Status, Foreign Financial Account, Form 1040, Income Tax, Representation, Tax Evasion, Taxable Income 0

Increased Compliance – Record High Fbars Were Filed In 2015

Do you live abroad? Do you own an asset or bank or investment account that had an accumulated value or total exceeding $10,000 at any time in 2015 (or any year)? If so, you are required to file a Report…