A federal district court has held in Dase, (DC AL 9/23/19), that property subject to an IRS lien was jointly owned by a tax debtor and his sister. Therefore, the IRS’s lien only encumbered the tax debtor’s interest in the property. In 2004, the taxpayer, Scott Dase, entered into a lease-to-own agreement with his parents Walter and…
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IRS Grants Relief and Safe Harbors for Certain Foreign Stock Ownership!
On October 2, 2019 we posted, IRS Grants Relief for Certain Foreign Stock Ownership! where we discussed new regulations from the Internal Revenue Service provide relief to some U.S. taxpayers who own stock in certain foreign corporations. Rev. Proc. 2019-40 and the proposed regulations limit the inquiries required by U.S. taxpayers to determine whether certain foreign businesses are controlled foreign…
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Now that Oct. 15th Deadline is Here – What Can You Do Amount Payment of Taxes?
For Taxpayers who requested the six-month filing extension should complete their tax returns and file on or before the Oct. 15 deadline. About 15 million taxpayers filed for an extension this year. Although Oct. 15 is the last day for most people to file, some may have more time. They include: Members of the military…
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PI Attorney Misinterpreted his Tax Law Courses in College
According to DoJ, a grand jury in Detroit, Michigan, returned an indictment on October 10, 2019, charging Carl L. Collins III, a Michigan attorney, with tax evasion, filing two false tax returns and seven counts of willfully failing to file individual and corporate tax returns. According to the indictment, Collins was a personal injury attorney with…
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