We’re humans, we make mistakes. But while some mistakes can be harmless, others have costly consequences. Take for example a mistake on your taxes. Even if you think you’ve dotted all you I’s and crossed all your T’s, you may still come to find that you have made an error. You’re not alone if youcontinue reading…
IRS
No charges, conviction? No problem. IRS could still seize funds
The Internal Revenue Service is arguably the most powerful collection agency. Is it more than that? The truth is that the IRS has powers that extend well beyond collecting on a tax liability. Did you know that the broad authority of the IRS is used in many criminal situations? A good example involves tracking “unusual” deposits.continue reading…
Film maker: Rather than suffer the IRS, simply eliminate it
Reportedly, officials from the Internal Revenue Service could not be reached for comment regarding a documentary on the agency that opened yesterday in select theaters across the country. That hardly seems surprising, given the author’s comment that the IRS administers a system based on progressive taxation of earnings that “came out of the 1850s withcontinue reading…
If the IRS comes calling, be prepared to answer
Few federal agencies in the U.S. have a more intimidating reputation than the Internal Revenue Service. All it takes is a letter from the IRS inquiring about tax issues to send a person into a spiral of fear, panic and anxiety. However, it may be comforting to realize that the IRS cannot do whatever itcontinue reading…
Myriad tax agency challenges: How experienced tax counsel can help
An immediate reality for any person in Minnesota or elsewhere in the country who is challenged by tax authorities is that the resulting interaction will be centrally marked by an immense disparity in power and resources. On the one hand is an individual. Squared off against this one person is a bureaucracy with vast investigatorycontinue reading…