According to Law360, Federal prosecutors in Los Angeles announced a 36-count indictment against attorney Michael Avenatti on April 11, 2019. The U.S. Attorney’s Office for the Central District of California announced the indictment charging Avenatti with embezzling millions from five separate clients, tax evasion and obstruction, bank fraud and bankruptcy fraud. I intend to fully…
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The new program requiring the Internal Revenue Service to hire private debt collection agencies is falling far short of its goals and putting taxpayers at risk of falling prey to scammers, according to a new government report. The report, from the Government Accountability Office, found that the IRS's private collectors recovered less than 2 percent…
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IRS Issued Guidance on Disclosure to Spouses Who Filed Joint Returns & Then Divorce or Separate
IRS's Small Business/Self-Employed Division has issued guidance to its employees IRS Memo SBSE-05-0419-0010 regarding what collection activity information can and cannot be disclosed with respect to a couple's joint return, where the couple has subsequently divorced or are separated and no longer reside in the same household. If any tax deficiency with respect to a joint return…
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IRS Reports Tax refunds down $4.4B for 2018 Tax Filings
The Internal Revenue Service reported a $4.4 billion decline in total tax refunds as of April 19, the first tax season under the Tax Cuts and Jobs Act, with the average size of tax refunds down about 2 percent.The total number of tax refunds increased slightly, from 95,434,000 to 95,737,000, a 0.3 percent increase. The…
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