In Hale v. United States, 2019 U.S. Claims LEXIS 502 (May 14, 2019), the Court of Federal Claims has held that various items of correspondence from IRS to a taxpayer were not notices of disallowance and, thus, did not start the two-year period for initiating a refund lawsuit. IRC § 6532 establishes jurisdictional time limitations…
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Anesthesiologist Who Failed to Report Over $3 Million & Plead Guilty to Filing False Tax Returns – Now Needs Anesthesia For the PAIN
A Pennsylvania anesthesiologist pleaded guilty today to filing a false income tax return, announced Principal Deputy Assistant Attorney General Richard E. Zuckerman of the Justice Department’s Tax Division. James G. Allen Jr., 53, admitted as part of his guilty plea that he filed false tax returns for himself and his wife for the years 2010…
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IRS is Now Billing Those Who Filed for 2018 but Didn’t Pay – What to Do?
The Internal Revenue Service advised in IR-2019-99 those now receiving tax bills because they filed on time but didn’t pay in full that there are many easy options for paying what they owe. Taxpayers can pay online, by phone or using their mobile device. Taxpayer who can’t pay in full may consider payment plans and compromise options; the…
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IRS SIB Shows Sole Proprietor's Income Declined & Real Estate Makes up 49.9% of Partnership Filings
The Internal Revenue Service announced today that the Spring 2019 Statistics of Income Bulletin is now available on IRS.gov. The SOI Division produces the online Bulletinquarterly, providing the most recent data available from various tax and information returns filed by U.S. taxpayers. This issue includes articles on the following topics: Sole Proprietorship Returns, Tax Year 2016--For Tax…
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