The IRS is a few months away from launching new look and feel to the IRS’s website (IRS.gov) and you have an opportunity to review the new Homepage about its look, content, and how easily you can find content to answer your tax questions. You can do this through June 30, 2017 by accessing IRS.gov, navigating […]
Which Type of Mortgage Loan Meets Your Needs? & Know Your Tax Hand When it Comes to Gambling
Which Type of Mortgage Loan Meets Your Needs? Few purchases during your lifetime will be as expensive as buying a home. Whether it’s your primary residence, a vacation home or an investment property, how you choose to pay for it can have a significant impact on your financial situation over time. If you’re considering a […]
Appeals Should Facilitate Mutual Respect and Trust by Allowing Taxpayers a Choice in the Expanded Participation of Counsel and Compliance in Appeals Conferences
I have written a lot about my concerns regarding Appeals’ independence over the years. Most recently, in my 2016 Annual Report to Congress, I discussed Appeals’ reluctance to collaborate with taxpayers to design a “Future State” that takes taxpayers’ and tax practitioners’ concerns into account. Now, there is another development in the continuing erosion of […]
Jun 2017 In Down Years, NOL Rules Can Offer Tax Relief & Renting Out Your Vacation Home?
Which Type of Mortgage Loan Meets Your Needs? Few purchases during your lifetime will be as expensive as buying a home. Whether it’s your primary residence, a vacation home or an investment property, how you choose to pay for it can have a significant impact on your financial situation over time. If you’re considering a […]
Success Story: TAS helps taxpayer receive timely refund claim
Every year the Taxpayer Advocate Service (TAS) helps thousands of people with tax problems. This story is only one of many examples of how TAS helps resolve taxpayer issues. All personal details are removed to protect the privacy of the taxpayer. A taxpayer came to Taxpayer Advocate Service (TAS) in April 2016 for help getting […]
The IRS’s New Passport Program: How Lack of Notice Harms Taxpayers (Part 2 of 2)
In my first blog on passport issues, I discussed the importance of providing notice to taxpayers prior to certifying their seriously delinquent tax debts to the Department of State (DOS). Once the IRS makes the certification, the DOS must deny the person’s passport application and it may revoke their passport, except in certain emergency and […]
