Monthly Archives: November 2011

CPA SUED BY WIFE FOR FAILING TO ADVISE OF CONSEQUENCES JOINT RETURN

Posted on November 29, 2011 by taxpenaltylawyer

In Theresa M.  Karam v. Commissioner, 2011 TC Memo 230, the Tax Court  http://www.ustaxcourt.gov/InOpHistoric/karammemo.TCM.WPD.pdf  considers the familiar issue whether the petitioner, Theresa M. Karam  is entitled to equitable relief under Section 6015(f) of the Internal Revenue Code (all section references are … Continue reading →

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

NO MAGIC WORDS REQUIRED BY TAX COURT FOR ALIMONY TO BE NON-TAXABLE / NON-DEDUCTIBLE

Posted on November 22, 2011 by taxpenaltylawyer

In Andrew Dean Shelton v. Commissioner, T.C. memo 2011-266, the Tax Court considered whether a $25,000 cash payment made pursuant to a marital settlement agreement (MSA) was alimony deductible by the petitioner.  The petitioner was divorced from his former spouse … Continue reading →

Posted in ALIMONY, TAX, Uncategorized | Tagged | Leave a comment

ARE MORE MULTI-YEAR OFFICE AUDITS IN THE WIND?

Posted on November 11, 2011 by taxpenaltylawyer

Office Audit and Correspondence Notice CP2000 frequently cover only one-year and are not routinely expanded to include earlier or later years. A Report of the Treasury Inspector General for Tax Administration (TIGTA) issued September 9, 2011, recommended that IRS implement additional steps to ensure that … Continue reading →

Posted in AUDITS, TAX | 2 Comments