Monthly Archives: February 2013

IRS EXPLAINS WHAT YOU SHOULD KNOW ABOUT ID THEFT AND TAXES – BUT OFFERS INADEQUATE HELP TO VICTIMS

IRS TAX TIPS: Special Edition Tax Tip 2013-05 Protecting taxpayers and their tax refunds from identity theft is a top priority for the IRS. This year the IRS expanded its efforts to better protect taxpayers and help victims dealing with … Continue reading

Posted in COMPLIANCE, IDENTITY THEFT, TAX | Tagged , , , , | Leave a comment

TAX PAYMENTS FOLLOWING INNOCENT SPOUSE RELIEF

What is commonly referred to as “innocent spouse relief” is actually three distinct types of possible statutory relief from the usual “joint and several liability” of a spouse who elects to file a joint return with his or her mate … Continue reading

Posted in COMPLIANCE, DIVORCE, EQUITABLE RELIEF, INNOCENT SPOUSE, JOINT RETURNS, TAX | Tagged , , , , , , | Leave a comment

OFFSHORE VOLUNTARY DISCLOSURE UPDATE – JANUARY 2013

LEVEL OF PARTICIPATION IN PROGRAMS On June 26, 2012 the IRS had released IR-2012-64, which stated:  Shulman (IRS Commissioner Doug Shulman) said the IRS offshore voluntary disclosure programs have so far resulted in the collection of more than $5 billion … Continue reading

Posted in 2012 OVDP, AUDITS, FBARS, NEW OVDP, TAX, TAX CRIMES, VOLUNTARY DISCLOSURE | Tagged , , , , , , , , | Leave a comment