Monthly Archives: June 2011

NUMBER OF TAX SEIZURES OF PROPERTY DECLINES

Posted on June 23, 2011 by taxpenaltylawyer

One of the most humiliating experiences in life is standing by helpless, watching a large number of IRS employees pull up to your home with a truck to execute a seizure of your personal property.  Fortunately, traumatic incidents of this kind are … Continue reading →

Posted in IRS COLLECTIONS, TAX | Leave a comment

DONATION ALLOWED FOR “CAT HOUSE” UNREIMBURSED EXPENSES BUT SUBSTANTIATION RULES PROVE NETTLESOME

Posted on June 18, 2011 by taxpenaltylawyer

The Tax Court has put animal foster care volunteer expenses on the same plane as  foster child care expenses in deciding that volunteer unreimbursed expenses in performing services for a qualified charity are tax- deductible charitable contributions provided the required statutory documentation is provided and maintained.  The case … Continue reading →

Posted in COMPLIANCE, RETURNS, TAX, Uncategorized | Leave a comment

2011 OVDI RESTATED FAQS HELP BUT CONCERNS PERSIST OVER IRS IMPLEMTATION

Posted on June 4, 2011 by taxpenaltylawyer

Broadly speaking, the IRS had a good idea in trying to bring U.S. citizens and tax residents with unreported offshore financial accounts back into compliance with the tax reporting system.  The number of applicants, almost 15,000, who clamored into the 2009 program, … Continue reading →

Posted in 2011 OVDI, TAX, Uncategorized | Leave a comment