I attended the USC Tax Institute , a gathering of tax geeks in downtown Los Angeles, last month. Among the more accessible topics was a presentation on tax audits given by Ted Meyer, Read more »
Author: admin@faucherlaw
Ministers, “Love Gifts” & Income Taxation
Churches and ministers receive many tax breaks: churches do not need to withhold social security taxes from their ministers’ pay; churches receive income tax-free; and ministers do not pay tax Read more »
Tax Season is Phishing & Scam Season
I recently received an email — purportedly from the IRS — claiming I have a refund coming and asking me to follow a link to file my return and process Read more »
If You Sign Your Tax Return, You’re Responsible For It — Even If You Relied On A Preparer….
My client called in a panic. He was being audited, and the IRS wanted to know why he claimed $2,500 in mileage expense on his Schedule C. My client doesn’t Read more »
Americans with Foreign Bank Accounts and the IRS
If you own a foreign bank account, you need to report it to the IRS, or else, as the case of poor Mr. Gubser below illustrates. Failure to do so Read more »
The IRS Appeals Officer & Process
When a taxpayer disagrees with the IRS auditor’s determination, the IRS assigns the matter to an appeals officer. This is a second, new IRS employee that the taxpayer can negotiate Read more »
Alimony Not Tax-Deductible If Spouse Has To Sue To Collect
It’s satisfying when tax law actually does the right thing morally – such as providing a strong financial incentive to pay spousal support on time. Here’s an example. David and Read more »
Transferring a Limited Partnership Interest
A client called me with a strange problem. He and his brother had inherited real property in Nevada. Because the brother was less than fully-functional, the client held his brother’s Read more »
The IRS *Never* Calls First
One of my clients has several years of unfiled tax returns. Like many people with several years of unfiled tax returns, he’s been putting off working with me. So I Read more »
Wells Fargo: Worst Bank Ever? Part IV…
I’m cheered to see that others out there share my opinion of Wells Fargo Bank. For my prior screeds against this bank, see here, here, and here. My rants against Wells Fargo may soon Read more >>