Congressional Hearing on Protecting Small Business from IRS Abuses

Posted by on May 28, 2016 in Blog | 0 comments

On Wednesday, the day after an impeachment hearing for the IRS commissioner was held, the House Ways and Means committee held a hearing on protecting small business from IRS abuses.  The hearing largely focused on the IRS use of “structuring” laws to seize assets from many businesses who committed no crime but were merely engaged in businesses where significant amounts of cash were involved.  The structuring laws were passed as a...

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Impeachment hearing for IRS Commissioner

Posted by on May 25, 2016 in Blog | 1 comment

Yes, I know most people are bored stiff watching CSPAN. But, I watched the entire hearing yesterday. I was disgusted by each and every democrat who appeared trying to pretend that the targeting scandal never occurred. Various high level employees at the IRS were involved in the scandal and the cover up and absolutely no one has been held accountable. If you want more details about the scandal, I have blogged about it before and provided links to...

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2 mistakes by taxing authorities causing headaches

Posted by on May 20, 2016 in Blog | 0 comments

Recent mistakes by both the IRS and FTB have caused my clients some recent problems.  I thought I would mention them for any others who have experienced these same problems. For taxpayers who were paying their tax debts to the IRS through direct debit from their bank account: in February, due to an IRS computer error, payments were not made in roughly 250,000 accounts.  The IRS immediately sent out default letters to these taxpayers and...

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Attention 990N filers…

Posted by on May 14, 2016 in Blog | 0 comments

especially those who like to procrastinate.  If you are a small tax exempt organization that files on a calendar year basis, the due date to file your 990-n is Monday, May 16th.  Until last year these forms were filed through the Urban Institute’s website, but for this year it has switched over to a new IRS website.  To use this new site you will have to register with the IRS on their new site.  Due to the brilliant forethought of...

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