Archives for November 2008

UBS Offshore Tax Fraud Update

UBS Offshore Tax Fraud Update

This blog post is a follow up to our posts titled U.S Indicts Swiss Executive for Foreign Bank Account Evasion and Will IRS Voluntary Disclosure Practice Help UBS Clients. The New York Times reporter Julia Werdigier reports in…

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Top 10 Things I’m Thankful For

Top 10 Things I’m Thankful For

Happy Thanksgiving Day, everyone. Here are the top 10 things (in no particular order) I am thankful for today: 1.  I was lucky enough not to have been born in Ethiopia, Bangladesh, East Timor, Somalia or any…

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Bad Books and Records Means IRS Trouble – Outsource Your Accounting Work Now

Bad Books and Records Means IRS Trouble – Outsource Your Accounting Work Now

One of the biggest problems we see is the self-employed taxpayer who tries to do everything himself, including keeping his business books and records. This almost always fails. If you are thinking about starting a…

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Tax Court Update – November 2008 – Badges of Fraud

Tax Court Update – November 2008 – Badges of Fraud

Thomas J. Barrow v . Commissioner; Barrow, Aldridge & Co. v. Commissioner (BACO) – This case involved several issues. This update deals only with the IRS’s assessment of the civil fraud penalty (the penalty amount is equal…

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IRS Payment Agreement Comparison Table

IRS Payment Agreement Comparison Table

Whatever you think of the IRS, it’s website is a veritable treasure trove of useful information for taxpayers and the tax professionals who represent them. Here is a table I found that compares the requirements…

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