We all know that the IRS is quick to pull the trigger on penalties, especially trust fund penalties, which the IRS rightfully views as Uncle Sam’s money. But the Tax Court’s January 21st decision in Chadwick vs....
In a previous blog post linked here, I outlined the IRS private letter ruling process, including the mechanics of making a request and tips for presenting your ruling request to the IRS. In this blog post, I touch on the...
Last week, I participated in a conference call with IRS officials from Examination and Collection who were discussing the IRS’ 2020 enforcement priorities. Here are the take-aways from the call: If you have any questions...
In prior blog posts, we have discussed the uphill battle an estate faces when it requests abatement of a late filing penalty when the Form 706, United States Estate Tax Return, is not timely filed. Although there are cases...
At recent tax programs, IRS officials referenced a new program called “Hi-Def” which will be targeting wealthy people who have not filed tax returns. The program is intended to address the perception that the IRS ...
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