Congress granted the IRS the power to revoke passports in December 2015. Under this law, if you owe more than $51,000 to the IRS, then you could lose your passport. This program does not inspire confidence: here Read more »
IRS
The IRS Can (Almost) NEVER Waive Interest on Late Taxes
A business-owner client recently claimed an R&D tax credit available to him. The IRS denied his use of the credit, he hired me, we went to Tax Court and ultimately Read more »
IRS Processing Times Still Covid-Slow
It’s late April. More than 13 months into the pandemic. Almost 40% of Americans have received at least one Covid vaccine. So, you’d think IRS processing times – which slowed Read more »
Problems with the IRS? Who are you gonna call?
Katie Clunen is a terrific family law attorney in Westlake Village. Tax issues often arise when couples divorce, so Katie and I often need to speak. In this short Vlog, Read more »
Tax Issues in Divorce: Who Represents Who?
Katie Clunen is a sharp family law attorney in Westlake Village, CA. She recently asked me whether a couple with tax issues going through a divorce need separate attorneys to Read more »
Filing a Tax Return and Audit Selection
That dreaded, fifth season of the year is soon to be upon us: Tax Season. Many Americans are turning their attention to tax returns and as they file, most people Read more »
IRS Audit Challenge – Tax Bill of $203,000 Owed Reduced to $1,500 for Santa Barbara County Wine Merchant
A merchant who buys and sells wines through an LLC that shows up as a Schedule C business on his personal tax return was recently audited. The IRS claimed he Read more »
IRS Mail Backlog, and US Government
Like so many businesses, the IRS shut down most of its operations during the early months of the pandemic, returning to full work only in early July. It now has Read more »
Taxes on Inheritances
Bad news: your uncle dies. Good news: he left you money and a house. You’re also a beneficiary on a life insurance policy he had. Bad news: he named you Read more »
Understaffed IRS: Occasionally Good for Clients, Always Bad For US
When the IRS does not have enough people to answer questions, perform audits, or collect the taxes, several things happen. The US Treasury doesn’t collect as much tax revenue as it should. Some people start evading taxes, figuring they can get away with it. Read more »