by Arthur Geffen | Feb 4, 2015 | Audit, IRS
Receipts are critical to good book-keeping and tax returns. But if you can’t find one, contrary to popular belief, you are not out of luck. Remember the Cohan Rule, from a still good today tax case called Cohan v. Commissioner. George M. Cohan was a Broadway...
by Arthur Geffen | Jan 9, 2015 | IRS
The District Court for the Southern District of Ohio has upheld the Internal Revenue Service’s imposition of penalties totaling more than $1 million on an estate that failed to file its estate tax return on a timely basis and timely pay the estate tax it owed...
by Arthur Geffen | Sep 11, 2014 | Audit, IRS
The Internal Revenue Service recently announced that it will monitor churches for political activity. It is a rather convoluted route that brought the IRS to this announcement. It is actually a settlement between the IRS and the Freedom From Religion Foundation...
by Arthur Geffen | Aug 8, 2014 | IRS, Tax Solutions
Ten Things to Know About the Taxpayer Advocate Service 1. The Taxpayer Advocate Service (TAS) is an independent organization within the IRS and is your voice at the IRS. 2. We help taxpayers whose problems are causing financial difficulty. This includes businesses as...
by Arthur Geffen | Jun 6, 2014 | IRS, Tax, Tax Solutions
Interesting article on Offers in Compromise with the IRS Alphabet Soup For Offers In Compromise (“OIC”) | TaxConnections Worldwide Tax Blog
by Arthur Geffen | Apr 22, 2014 | IRS
Each year, the IRS sends millions of notices and letters to taxpayers for a variety of reasons. Here are ten things to know in case one shows up in your mailbox. 1. Don’t panic. You often only need to respond to take care of a notice. 2. There are many reasons why the...
