I.R.C. § 6501 Archives - FREE Yourself from IRS Problems

Shamsey Oloko April 10, 2017 Safe Harbor Election, Success-Based Fee Elections

IRS Declines To Extend Time To Make Late Success-Based Fee Elections

Recently, the IRS Office of Chief Counsel held, in a private letter ruling, that it could not grant a taxpayer’s request for an extension of time to file a safe harbor election under Rev. Proc. 2011-29. This election is related…

Shamsey Oloko March 11, 2016 Audit, Business Expenses, Capital Gains, Capital Losses, Charitable Contributions, Civil Liabilities, Civil Penalties, Criminal Liabilities, Deductions, Earned Income Tax Credit (EITC), Expenses Deductions, Federal Tax Liens & Levies, Filing Status, Form 1040, Fraudulent Return, Home Office, Income Tax, Tax Evasion, Tax Fraud

You’ve filed your tax return, how long does the IRS have to audit you?

You’ve filed all of your tax returns, and because of your level of income you find yourself in the class of taxpayers whose return is more likely to trigger an IRS audit. So you wonder, how long does the IRS…