Tuesday, January 31, 2012

IRS Modifies Streamlined Installment Payment Program

›
The IRS issued a memorandum on January 20, 2012 liberalizing streamlined installment agreements. I am happy with this change. As a refresher...
Saturday, January 28, 2012

A Sad Tax Story

›
I recently read a tax case I did not like. The IRS was pursuing action against a woman in Tennessee. My daughter presently goes to the Unive...
Thursday, January 26, 2012

Terrance Clem Wright v Commissioner

›
I have a question for you: if you wanted to convince the IRS that you are unable to pay back taxes because of financial hardship, would you ...
Tuesday, January 24, 2012

Can the IRS Disallow Your Net Operating Loss Carryback?

›
Here is a quiz question:             Can the IRS reopen a tax year if you file an NOL carryback? Most tax accountants will remember the int...
Friday, January 20, 2012

1099s and Weatherly v Commissioner

›
There are two new questions on your income tax returns this year: ·          Did you make any payments in 2011 that would require you to fi...
Wednesday, January 18, 2012

The IRS Is Now Accepting E-Files for the 2012 Tax Season

›
Tax season officially started yesterday, when the IRS started accepting e-filed returns. Electronic filing is expanding: approximately 100...
Friday, January 13, 2012

The SMLLC and the Family Payroll Tax Exemption

›
If you are a single-member LLC (SMLLC) reporting for tax purposes as a sole proprietorship, you may be interested in a recent payroll tax ch...