Showing posts with label deficiency. Show all posts
Showing posts with label deficiency. Show all posts
Saturday, August 9, 2025

Proving A Timely Tax Filing

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  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...
Sunday, April 20, 2025

Valuing a Questionable Business

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  Starting with a 46-page case soon after finishing tax season may not have been my best idea. Still, the case is a hoot. Here is the Co...
Saturday, February 22, 2025

Electronic Signatures And The Tax Court

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I had a moment of dual disbelief and laughter. At the expense of the IRS and the Tax Court. Electronic records, cloud computing and work...
Monday, January 27, 2025

File A Return, Especially If You Have Carryovers

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  Please file a tax return when you have significant carryovers. Let’s look at the Mosley case. In 2003 Sonji Mosley bought four reside...
Sunday, April 28, 2024

The Change-Of-Address Rules Matter

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  The IRS requests that one alert them of change-of-address when one moves. There is even a form, but I do not often see the form used in pr...
Sunday, December 17, 2023

90 Days Means 90 Days

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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, September 3, 2023

Waiting Too Long For Refund Of Excess Withholdings

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It happens when someone fails to file with the IRS. It might be a “sleeping dog” rationalization, but people will allow a string of tax year...
Sunday, April 10, 2022

Losing Deductions By Not Filing A Tax Return

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I have become increasingly reluctant to accept a nonfiler as a client. That said, a partner somehow sneaks one or two a year into Command Ce...
Monday, September 6, 2021

Becoming Personally Liable For An Estate’s Taxes

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  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...