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 »
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
I don’t like offers in compromise as a way to get rid of tax debt. The process is cumbersome, expensive, and arbitrary. There are better ways to deal with tax Read more »
If it even brushes against California, the state government wants to tax it… Income earned from CA-based clients by Out-of-State Residents One of my clients is a lawyer but he moved Read more »
Americans who work overseas are entitled to exclude $80,000 of annual income from their tax return. It’s called the “foreign earned income exclusion.” It’s found at Section 911 of the Read more »
The private collectors are not as well trained as IRS employees, and generally violate taxpayer rights much more often than the federal employees.
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 »