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IRS Audits

Many books have been written about each of these subjects and this is not a substitute for them; or, more importantly, this is not a substitute for a consultation with an experienced tax attorney. This...

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New California Use Tax Collection Strategy

In a September 8, 2009 press release, the California State Board of Equalization announced its new use tax registration requirements in an effort to identify taxpayers that have been failing to pay use...

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BOOSTING SALES AND USE TAX REVENUE FOR CALIFORNIA

Recent downturns in the economy and consumer spending have caused a decrease in the amount of Sales and Use Tax collected by the California Board of Equalization (BOE).  According to the most recently...

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Audit Enforcement and Audit Plan Strategies

Audit Plan StrategiesThe Treasury Inspector General for Tax Administration (TIGTA) is responsible for monitoring and directing the IRS’s activities.   Recently, the TIGTA estimated that taxpayers will...

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THE AUDIT LOTTERY MYTH

Many people believe in the myth of the “audit lottery.”  The audit lottery myth encourages the perception that the IRS chooses returns to audit at total random.  Under a completely random system,...

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IRS PUSHES FOR SIX-YEAR AND LONGER AUDITS

Some recent court decisions and legislation give the IRS more flexibility to apply a six-year audit statute of limitations in more of its cases.  The IRS even argues for no statute of limitation for...

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Challenging an Unfavorable Tax Audit Decision

This next post in the “anatomy of an audit” multi-post series outlines why a person or a business should strongly consider appealing an unfavorable tax audit decision and how they can go about seeking...

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The Government Shutdown- Great News For Some Taxpayers

The budget impasse has suspended audits conducted by the Internal Revenue Service (“IRS”) and cases currently being litigated before the United States Tax Court. This will undoubtedly be a huge...

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IRS Targets: Tax Audits of Partnerships, LLCs, and other Pass-through Entities

The Internal Revenue Service announced on November 7, 2013, that it intends to make auditing and examining partnership and other pass-through entities, such as LLCs, S-Corporations, and sole...

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IRS Targets: Tax Audits of Partnerships, LLCs, and other Pass-through Entities

The Internal Revenue Service announced on November 7, 2013, that it intends to make auditing and examining partnership and other pass-through entities, such as LLCs, S-Corporations, and sole...

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IRS Threatens to Crackdown on Employee Perks

Steve was on the Channel 5 News broadcast at 11:00 pm in the CBS- KPIX Bay Area on September 3, 2014, discussing the Department of the Treasury’s IRS priority guidance plan, which provides notice that...

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TAX DISPUTE? KNOW YOU RIGHTS

When facing a tax dispute it is perfectly normal (and common) to feel intimidated by the government.  Often, when determining whether or not to contest a tax bill, our clients voice the fear that 'it...

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The Real Estate Professional, Part I

For the past 8 years, the IRS has been cracking down on investors who attempt to use their passive real estate investment losses to offset other income.IRC §467 limits an investor’s ability to use...

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The Real Estate Professional, Part II

In Part I, we discussed the special rules regarding real estate investment losses for real estate professionals. We noted that unlimited deductions for real estate losses may be taken only if specific...

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Acquisition Indebtedness and Home Equity Indebtedness (Voss vs. Commissioner...

Mortgage Interest Limitations under IRC §163(h)(3)Part I: The Personal Mortgage Interest DeductionPart II: Acquisition Indebtedness and Home Equity Indebtedness (Voss vs. Commissioner in the Tax...

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