The 2018 IRS Nationwide Tax Forum dates and locations are now available for this annual tax law event featuring education sessions, training, and networking for tax law professionals. Betty Williams will be speaking about "Representing the Taxpayer Without Records: How and When Can a Preparer Use Taxpayer Estimates & Reconstructions to Prepare a Return" during the forum scheduled for August 7 - 9, 2018 in San Diego. To register, click here: https://www.irstaxforum.com/index
Pursuant to IRS Revenue Procedure 2017-52, the IRS has introduced a pilot program to resume offering private letter rulings on the tax consequences of certain distributions of stock or securities of a controlled corporation under I.R.C. Sec. 355. From September 21, 2017, through March 21, 2019, taxpayers may request a transactional ruling concerning plans to create tax-free spin-offs. For more information, click here.
The IRS has issued final regulations to define terms and include same-sex marriage as a marital status for federal tax purposes. The IRS previously issued Revenue Ruling 2013-17 following the Supreme Court case, Windsor v. U.S., in which the Court addressed the terms "spouse," "husband and wife," "husband," and "wife" and ruled that marriages of same-sex couples in states recognizing same-sex marriages were also recognized for federal tax purposes. The subsequent Supreme Court case, Obergefell v. Hodges, made same-sex marriage legal in every state. As a result, the Treasury Department and the IRS amended the regulations under Internal Revenue Code section 7701, and provided that for federal tax purposes, the terms ''spouse,'' ''husband,'' and ''wife'' mean an individual lawfully married to another individual, and the term ''husband and wife'' means two individuals lawfully married to each other. Marriage does not include couples recognized as registered domestic partners, or joined by civil union.
On September 2, 2016, the U.S. Department of State finalized a rule that will result in the denial or revocation of passports for persons with seriously delinquent tax debts, effective immediately. A "seriously delinquent tax debt" generally means an assessment of $50,000 or more for which a lien or levy has been filed. The Internal Revenue Service (IRS) will certify the status of these individuals for the Secretary of the Treasury.
Registration for the 2016 Internal Revenue Service Nationwide Tax Forums is now open. The forums offer three days of seminars in the fields of tax law, compliance and ethics at multiple locations around the US, including San Diego, California. For more information, click here: https://www.irs.gov/tax-professionals/irs-nationwide-tax-forum-information
In many of the cases we handle, our tax attorneys are able to reach a settlement through negotiations with the other side. However, this isn't always possible, especially if the parties simply do not agree on an issue, or the issue involves an area of law that is unresolved.
Being accused of violating state or federal tax laws is a very stressful situation to be in. Not only are the consequences severe if you are found guilty, the state and federal tax systems are both extremely complex. This video explains what action a person should take immediately after being charged with tax crimes or being investigated for violating state or federal tax law.
The Department of Justice has released the results of its ongoing efforts to identify and extinguish the practices of fraudulent tax return preparers and tax scheme promotors. In the press release, the DOJ describes its most recent activities in stopping violations of federal tax laws by professionals along with an update on injunctions obtained against hundreds of tax-return preparers.Click here to read the results from the Department of Justice.
For many California residents, tax time is stressful. Aside from the hassle of going through receipts and worries that there could be missed deductions, many fear that they will be subjected to tax audits as a result of their return. While there are a number of issues that can trigger a tax audit, some deductions are more likely to invite the scrutiny of the Internal Revenue Service.
Tax issues can follow an individual for a long time if they choose not to address it by coming to an agreement with the IRS on how they will pay this debt. However, what if an individual claims to have paid the tax debt but still gets a bill years later? A California man has claimed that he paid his taxes that the state says he still owes, though it is unclear how the man will be able to prove his position.