When a plaintiff wins a judgment or reaches a settlement, the tax man will be lurking to get his share.  There are two main issues in the taxation of litigation.  This blog will focus on a plaintiff in a non-business litigation situation, such as personal injury or discrimination.  The first issue is the tax treatment […]

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Identity theft is on the rise and is a frustrating process for victims. Some studies estimate that over nine million persons a year are victims.

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Who are the IRS’s favorite superheroes? The X-Men. The IRS loves to hear from ex-spouses, ex-business partners and ex-employees about taxpayers who may not have fully met their federal tax obligations.

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The IRS provides a forum for appealing a proposed income tax deficiency known as IRS Appeals, the only level of administrative appeal within the IRS.

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Circular 230 contains rules governing the recognition of attorneys, certified public accountants, enrolled agents, and other persons representing taxpayers before the IRS.

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The IRS announced on February 8, 2011 a special voluntary disclosure initiative designed to bring foreign accounts back into the U.S. tax system and help people with undisclosed income to avoid civil and possible criminal penalties.

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An IRS private letter ruling (“PLR”) is a ruling by the IRS on a specific tax issue for a specific taxpayer.  A request for a PLR is usually made before a taxpayer takes a certain action.  The main exception to this is when a taxpayer is requesting a late election.  Most taxpayers will never need […]

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