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Politico interviewed Lois Lerner. In this podcast, I discuss what we found out.
See the original Politico post here.
Innocent Spouse Relief
Why I think the Innocent Spouse Form is Worthless
by Thomas Groth • • 0 Comments
I posted a video on YouTube where I explain why I think that the Innocent Spouse relief form provided by the IRS is kind of useless. I wrote about the topic here on LinkedIn, and this video is based on that article. You can find the form on my main website here.
Innocent Spouse Relief
Innocent Spouses and Divorce Decrees
by Thomas Groth • • 1 Comment
I wrote a short piece over at LinkedIn to clear up what I think is commonly misunderstood in the context of a divorce: just because you divorce someone, it doesn’t get you off the hook for Joint Liability. That’s true even if the divorce agreement specifically states otherwise. Innocent Spouse Relief may be an option.…
IRS Guidance, IRS incompetence
IRS Cautions: Terrorist Organizations Cannot get Tax Exempt Status
by Thomas Groth • • 0 Comments
So, HuffPo is getting a little bit worked up about the new streamlined IRS procedures, which will allow non-profits to start fundraising right away without waiting at least several months and filing out a 26-page form. See, the Huffington Post (also Time Magazine) thinks that these new procedures will result in “dark money” proponents committing…
IRS incompetence
The IRS just walked in and announced that they had emptied the store’s bank account.
by Thomas Groth • • 2 Comments
Over at WaPo this week, George Will wrote a piece on some of the terrible things the IRS is known for. (To see my earlier review of when WaPo got something completely wrong, click here) The story recounts how IRS Agents determined that a grocery store was running a criminal enterprise because a…
IRS Computers, IRS Guidance, Tax Machine, Tax Resolution Firms
Tax Firm Takedown. How did WaPo get it so wrong?
by Thomas Groth • • 0 Comments
BY: THOMAS S. GROTH, ESQ (@tsgESQ) With her piece at the Washington Post this week, Michelle Singletary tries to tell us that “Tax-relief ‘rescues’ are really a ruse.” She doesn’t even feel the need to qualify the statement. Is she on the IRS payroll? I understand the urge to go after the entire industry, even…
Audit Process, IRS Guidance
IRS Audit Technique Guides for Small Business Owners
by Thomas Groth • • 0 Comments
Do you run a small business? Are you being audited, or do you feel that your line of work presents a unique audit risk? Have you ever wondered how the IRS might approach an audit of your specific kind of business? Well, the IRS has actually decided to “show its hand” for certain types of…
IRS Computers, Tax Liens
Can I fight a Federal Tax Lien?
by Thomas Groth • • 1 Comment
BY: THOMAS S. GROTH, ESQ (@tsgESQ) Have you gotten one of these recently? Over the past several years, with the help of automated systems, the IRS has been filing an increasing number of tax liens. But, according to the National Taxpayer Advocate, though IRS tax lien filings have increased – IRS collections remain flat:…
Bitcoin, cryptocurrency
Breaking down the IRS’s new Bitcoin FAQ
by Thomas Groth • • 0 Comments
So, the IRS has issued a new FAQ on bitcoin. This FAQ lays out what the IRS believes to be “how existing general tax principles apply to transactions using virtual currency.” I disagree, but I’m not the IRS. And I think, if you want to be on the safe side, then you should not mess…
Bitcoin, cryptocurrency
Taxmachine.us issues press release stating that bitcoin is actually more like a currency
by Thomas Groth • • 0 Comments
The Tax Blog, Taxmachine.us has issued a press release stating that bitcoin is more like a currency than property, and “describes how existing general tax principles apply to transactions using virtual currency. The notice provides this guidance in the form of answers to frequently asked questions.” Well, it’s too bad that taxmachine.us isn’t irs.gov, isn’t…