On behalf of Janathan L. Allen, APC posted in Back Taxes or Tax Debt on Monday, August 31, 2015. It feels as though the last Tax Day just came and went, so it is perfectly natural to want to forget about taxes and give your mind a break for the...
Treasury Inspector General says IRS Failing to Send Some Levy Notices
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in IRS on Wednesday, August 26, 2015. The US Treasury Inspector General has released a recent report detailing the failure of the IRS to send appropriate Notification of Intent to Levy in over 40% of automated cases studied. When...
Willful or Non-Willful Conduct with the IRS and Foreign Bank Reporting
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in FATCA on Tuesday, August 25, 2015. The central issue relating to the Foreign Account Tax Compliance Act (FATCA) and the associated Foreign Bank and Financial Account Report (FBAR) is whether conduct on the part of the US taxpayer...
FBAR due date moved up a few months to coincide with Tax Day
On behalf of Janathan L. Allen, APC posted in Tax Controversy on Monday, August 24, 2015. As we have talked about many times on this blog, financial accounts and holdings overseas have a massive impact on your taxes -- even more so nowadays as the U.S. government pushes other countries...
IRS Postpones Deadline for Executors to File Basis Report to Beneficiaries
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in IRS on Monday, August 24, 2015. The IRS has postponed the deadline for executors to file notice to beneficiaries of an interest or "basis" in real property, due to recent changes in the law specified in the recent...
IRS Admits Recent Cyber Attack Accessed a Much Higher Number of Taxpers Information
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in IRS on Wednesday, August 19, 2015. The IRS has confirmed that a recent cyber attack has been much more severe than previously reported. The attack penetrated the social security numbers and additional information for more than 330,000 taxpayers. ...
Has the IRS Changed the Deadlines and Due Dates for Corporate, Partnership and FBAR Returns?
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in IRS on Tuesday, August 18, 2015. The IRS has changed important due dates for many tax returns, including corporate, partnership and FinCen Form 114 or FBAR reporting. Important changes Occur after December of this year, including: FBARs will...
IRS scammers back in the news after fresh attacks
On behalf of Janathan L. Allen, APC posted in IRS on Monday, August 17, 2015. It feels like this story comes up about once every other month, and today we continue that unfortunate lineage or IRS scammers. The Internal Revenue Service has warned many Americans of the potential for scammers...
Locking the Barn Doors at the IRS after the Horses Have Escaped
By Janathan L. Allen, APC of Janathan L. Allen, APC posted in IRS on Wednesday, August 12, 2015. Yesterday, President Obama asked for a 72% increase in budgeting for the IRS to increase "cyber-security" for the agency. According to the White House, the IRS could take ""especially aggressive steps to...