A district court has found in Agrawal, (DC WI 12/9/2019) 124 AFTR 2d ¶2019-5522 that a taxpayer was liable for nonwillful FBAR penalties and that the reasonable cause exception did not apply because the taxpayer did not act with ordinary business care and prudence when he prepared some of his own returns and when he had an…
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IRS Collection Activity Expected to Increase in 2020!
Hear that noise? It’s the collective sighs of tax professionals around the country upon learning that the Internal Revenue Service (IRS) is in the midst of a hiring spree. In FY 2019, the IRS employed about 78,004 employees, including more than 12,600 temporary and seasonal staff. According to IRS Commissioner Charles Rettig, the IRS is…
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