Everything Everywhere All at Once won seven Oscars at the 95th Academy Awards including for Best Picture. The movie begins with the havoc unleashed by IRS Agent Deirdre Beaubeirdra (Jamie Lee Curtis won Best Supporting Actress), when she audits the laundromat of Evelyn & Waymond Wang (Michelle Yeoh won Best Actress and Ke Huy Kwan won Best Supporting Actor. But are the audit scenes realistic? Short answer: yes, but mostly no. Here’s how the movie differs from a real-life IRS audit. Read more »
Taxes in the News
IRS Presidential Audits Not a Mandate, Only a Norm
As I sit in my Westlake Village tax law office , I’m contemplating the remarkable story that broke this week about the IRS failing to audit former President Trump during the first two years of his Presidency, despite Read more »
It’s Unlikely Trump Triggered Comey’s IRS Audit
Did former President Trump unleash the IRS on political foes Jim Comey and Andrew McCabe? The question is back in the news. Trump’s former Chief of Staff, General John Kelly, says Trump demanded the FBI Commissioners be punished with audits. Read more>>
IRS Enforcement Priorities: Pursue $900,000 or $9,000?
The IRS’s enforcement priorities often appear – well – insane. Consider the cases of two current clients: one client owes the IRS $900,000, and the IRS thinks the other client owes $6,000 from a IRA distribution he took the year of the Woolsey Fire. We’re disputing the $6,000: Congress relaxed the rules for people in the disaster zone. Who’s the IRS going after? My client who had to evacuate from his house with the $9,000 tax bill. Huh? Seriously? Read more>>
Were Comey & McCabe IRS Audits Politically-Motivated? Unlikely
I was a tax attorney at the IRS for a decade. So you know I’ve been all over the fascinating story that the IRS recently subjected former FBI Directors James Comey and Andrew McCabe to its most invasive NRP audit. Comey and McCabe were famously fired and publicly abused by former President Trump. Suspicious minds now wonder whether IRS Commissioner Charles Rettig, a Trump appointee, ordered the audits on these two men as a form of political retribution. Very unlikely. Here’s why.Read more>>
Wall Street Journal Agrees with Me: IRS Needs More $!
Readers of my blog know I frequently berate Congress for having cut the IRS’ budget while dramatically increasing its workload in the past decade. But here’s the politically conservative Wall Street Journal, letting us know how the IRS’s woes are encouraging tax evasion. Read more »
2021 Was Horrible for IRS Responsiveness: 2022 Will Be Worse
The IRS’s 2021 responsiveness has been rightfully panned. Due to budget constraints, Covid work restrictions for IRS employees, and a huge work increase from administering much of the Economic Recovery Read more »
Cheerleading Biden’s Increased IRS Budget Proposal
I enthusiastically applaud President Biden’s proposal to increase the IRS’s budget by $1.2 billion, or more than 10 percent over this year’s budget. In fact, call me a huge cheerleader for this proposal
Reynolds & Reynolds CEO Charged With Hiding $2 Billion from IRS – Biggest U.S. Tax Evasion Ever
I saw this article originally in the Wall Street Journal, front page. But, I’m posting from the New York Times, because it’s not behind a paywall. $2 billion in hidden income? C’mon Robert Brockman – Read more »
Hey, Congress: Stop Underfunding the IRS!
Recipients of my September Newsletter know it featured me running for elected office on a mock platform of fully funding the IRS. This was the most recent of my many rants against Read more »