From time to time I have wondered just what does a tax return preparer (TRP) have to do to lose his/her right to prepare tax returns for others. Well, even for aggressive TRP’s it can be difficult for the IRS…
The Hatfields and the McCoys. Good and evil. Peanut butter and jelly. Generally, we can tell one from the other. Innocent spouse relief, under IRS rules, can be a bit less clear. Innocent spouse relief under Internal Revenue Code (IRC)…
I am writing this article to remind you of the importance of paying over to the IRS taxes that are withheld from your employees' wages. As an officer/owner of your business, you are the first person the IRS will look…
The IRS rules and regulations concerning the taxation of foreign currency transactions are very complex. However, where the taxpayer is an individual, as well as for many partnerships, corporations and limited liability companies, the basic rules are as follows: 1.…
I took the following out of Wikipedia: "A black hole is a region of spacetime from which gravity prevents anything, including light, from escaping." Based on the foregoing, the following is from Steve-pedia: "Non-discharge-ability is a region of bankruptcy/tax law…