According to DoJ, a former Indiana attorney, who also prepared tax returns for Indianapolis-area clients, pleaded guilty on April 4, 2019 to tax evasion. Scott C. Cole, 54, of Brownsburg, Indiana, pleaded guilty to one count of tax evasion for his multi-year effort to evade the payment of taxes and penalties on income he failed…
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IRS Updates Offer in Compromise Booklet
IRS has issued an updated version of Form 656-B, the "Form 656 Booklet, Offer in Compromise." It includes updated versions of the various forms required when a taxpayer wishes to have IRS accept his offer in compromise (OIC).The booklet sets out the rules, for making an offer in compromise and having it accepted. For example:…
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Tax Returns & 5th Amendment Privilege? – Part II
We covered in Tax Returns & 5th Amendment Privilege? - Part I - The Fifth Amendment and the Filing of Tax Returns. In this post we are covering Michael J. DeBlis III's discussion of Invoking the Fifth Amendment for an IRS Document Request and Obligations of Tax Professionals: Weighing a Prompt Resolution with Protecting Taxpayer Privilege.…
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Know Your Choices to Pay Your Tax Bill! – Part 2
On Friday, March 15, 2019 we posted Know Your Choices to Pay Your Tax Bill! - Part 1 where we discussed Paying in full within 120 days (short-term payment plan) and Installment agreements (long-term payment plan). In this Part 2we will discuss two other alternative for taxpayers who do not have the money to pay…
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