Showing posts with label assess. Show all posts
Showing posts with label assess. Show all posts
Monday, September 1, 2025

Can Your Tax Preparer Expose You To Fraud?

›
We have talked about the statute of limitations many times. In general, the IRS has three years to challenge your tax return and assess ad...
Saturday, August 9, 2025

Proving A Timely Tax Filing

›
  I admit that I am biased, but I am not a fan of filing late tax returns. Call it Murphy’s Law: If anything can go wrong, it will.” I...
Monday, February 26, 2024

Can A Taxpayer Be Responsible For Tax Preparer Fraud?

›
  We are familiar with the statute of limitations. In general, the SoL means that you have three years to file a return, information importa...
Sunday, December 17, 2023

90 Days Means 90 Days

›
Let’s return to an IRS notice we have discussed in the past: the 90-Day letter or Notice of Deficiency. It is commonly referred to as a “NOD...
Sunday, October 1, 2023

A Current Individual Tax Audit

›
  We have an IRS audit at Galactic Command. It is of a self-employed individual. The self-employeds have maintained a reasonable audit rate,...
Monday, May 29, 2023

Substantially Disclosing A Gift To The IRS

›
Take a look at this memorable prose:          Sec 6501(c) (9) Gift tax on certain gifts not shown on return. If any gift of property the...
Monday, September 6, 2021

Becoming Personally Liable For An Estate’s Taxes

›
  I had lunch with a friend recently. He is executor for an estate and was telling me about some … questionable third-party behavior and doc...
Sunday, February 14, 2021

What Does It Mean To File A Return?

›
  The IRS generally has three years to examine a return and assess additional taxes after it has been filed. This can put pressure on whet...
Sunday, January 10, 2021

IRS Collection Statute Expiration Date (CSED)

›
  I consider it odd. I have two files in my office waiting on the collection statute of limitations to expire. It is not a situation I o...