Showing posts with label agent. Show all posts
Showing posts with label agent. Show all posts
Sunday, February 4, 2024

Incorrect Submission Leads to Dismissal of Refund Claim

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  You should be able to talk with someone at the IRS and work it out over the phone.” I have lost track of how many times I have heard tha...
Sunday, July 25, 2021

Penalties, Boyle and “Reductio Ad Absurdum.”

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  In logic there is an argument referred to as “reductio ad absurdum.” Its classic presentation is to pursue an assertion or position until ...
Sunday, August 2, 2020

Are You Insolvent Or Not?

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There is a case called Hamilton v Commissioner . It was recently decided in the 10 th Circuit, and it caught my eye. Since it went to a C...
Sunday, March 15, 2020

Can You Get Penalty Abatement If Your Accountant Dies?

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What if you give your tax documents to your CPA and your CPA dies before preparing your return? I am reading a case where that happene...
Friday, December 15, 2017

How Often Can The IRS Audit You For The Same Thing?

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How often can the IRS audit you for the same thing? I would have to ask two more questions before answering: (1) Is the IRS audi...
Friday, January 29, 2016

A Baseball Player Gets Hit By A Penalty

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I have a question for you: let’s say you are a professional athlete. You have hired a financial advisor and an accountant. You give the...
Saturday, February 15, 2014

When Can You Take That Deduction?

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Sometimes the most mundane things can cause a tax issue. For example, an asset must be “placed in service” before one can claim deprecia...