From the arizona tax attorney Tag

IRS Ramps Up Use of Summonses to Gather Taxpayer Information

A recent uptick in IRS summons litigation indicates an increase by the Service’s use of summonses to gather information and accelerate investigations.  This has been confirmed in a speech given by IRS officials at […]

IRS Heads East on Tax Evasion Hunt.

The IRS cracked the bank secrecy laws of Switzerland and it is aggressively pursing tax evaders and their Swiss enablers.  But there has never been any reason why the IRS can’t head east and […]

IRS Announces Fast Track Settlement Program For Small Businesses

The IRS has announced a program for small businesses that is similar to the Large Business Fast Track Settlement (FTS) Program.  The IRS’s stated goal of the FTS is to “ resolve tax differences at […]

Beanie Babies Founder pays $53.6 million penalty for $885,300 of unpaid taxes on foreign income.

Billionaire Beanie Babies founder Ty Warner recently agreed to pay $53.6 million in tax evasion penalties and plead guilty to civil tax evasion.  This is the largest foreign account penalty ever reported. Mr. Warner, […]

Matters of the HEART (Act) – Part Five

This is the fifth, and final, in a series of blogs discussing the rules for expatriates under the 2008 Heroes Earnings Assistance and Relief Tax (HEART) Act. Prior blogs regarding this topic have discussed […]

Matters of the HEART (Act) – Part Four

This is the fourth in a series of blogs discussing the rules for expatriates under the 2008 Heroes Earnings Assistance and Relief Tax (HEART) Act. As previously stated in our prior blogs, there are […]

Matters of the HEART (Act) – Part One

If you are a non-citizen, long time resident of the United States, or you’re considering relinquishing your U.S. citizenship, then you should know that the IRS has rules that might affect you and your […]

The Taxpayer Advocate Service Focuses on Economic Hardship Cases

The Taxpayer Advocate Service (TAS) is an independent organization within the IRS. TAS helps financially distressed taxpayers who can no longer provide basic needs for themselves such as housing, food and transportation.  TAS also […]

Tax Planning Tips for Next Year's Tax Return

For many taxpayers, the tax deadline has passed. But planning for next year can start now. If you’re organized and plan ahead, you can save time and money next year. Here’s a few things […]

Tax Credits ease the Tax Pain

Taxes are worse than bills on the pain scale. But tax credits can ease the pain, sometimes substantially. A tax credit reduces the amount of tax you must pay. A refundable tax credit not […]