IRS Meddles in Generosity with Penalty Relief

IRS Meddles in Generosity with Penalty Relief
The first screw up is on the house. Nobody should call the IRS charitable. Their job is to take your money through threat of violence. As much as we like to harp on corporations trying to scam us into paying up (or selling us a faulty washing machine that breaks and floods our laundry room then ...

The IRS Says My Business Is A Hobby. Now What?

The IRS Says My Business Is A Hobby. Now What?
Memorial Day weekend was a bust in our home, since my wife and I were sick the whole time. So now that the fun is over, I was having a hard time coming up with something interesting to write that didn’t require hours of research. Then I got a tax question. It did require research, but ...

Ted Cruz Tax Plan Needs More Time In The Oven

Ted Cruz Tax Plan Needs More Time In The Oven
Last week I discussed Rand Paul’s EZ Tax Plan, which is a flat tax that sounds nice, but has little chance of success. Today, I’m moving to another flat tax plan, this one proposed by Tea Party Favorite Ted Cruz. Before this post, I’d heard a bit here and there about Ted Cruz’s tax plan, ...

What Part of $1 Billion in Refunds Do You Have With The IRS?

What Part of $1 Billion in Refunds Do You Have With The IRS?
Today, the IRS dropped a press release bomb stating they have $1 billion in refunds from 2011 stashed away in their sock drawer, just waiting for one of a million people to show up and claim it.  They estimate that half of the potential refunds are more than $698. Before I move on, can I comment on ...

Will You Be Victim To This Round of Tax Scams?

Will You Be Victim To This Round of Tax Scams?
Imagine this: your Federal Tax return is all done, and TurboTax is telling you that Uncle Sam will finally pay you back that $1,000 be borrowed last year. You press send, download IRS2Go to track your refund, and wait anxiously for the money to drop in your bank account. After a couple weeks with no refund, you ...

IRS2Go – This IRS App is a Game changer, folks!

IRS2Go - This IRS App is a Game changer, folks!
I’ve dreamed for years that the IRS could always be with me in my pocket. Well, they were nightmares, actually, but that’s besides the point. The important issue is that those dreams have come true, with the new and improved IRS2Go app! To quote the app listing page, downloading this app will connect you “with ...

American Atheists, Inc. v Shulman Fizzles

American Atheists, Inc. v Shulman Fizzles
I get it. Life isn’t fair. Filing taxes is the worst. I can understand American Atheists, Inc.’s frustration that they’re filing a return as a non-profit organization while the church down the street has no such obligation. Just like when someone has that toy that you want, it’s human nature to want it too. But when, instead ...

Government Workers Owe $3.3B in Back Taxes

Government Workers Owe $3.3B in Back Taxes
Late last month, news broke that the IRS was paying bonuses to agents that owed back taxes. Now the IRS has released a summary of how well employees in other government agencies are keeping up with their taxes duel. If the IRS had been smart, they should have released this information right after last month’s ...

Tax Court: IRS Not Immune from Using Common Sense

Tax Court: IRS Not Immune from Using Common Sense
Side note before starting: You might be interested in my write up on my tax blogging experience posted over at Going Concern. The honor for best tax quote of the day goes to Justice William O’Kelley in court case Music v. U.S.: “this statutory and regulatory framework does not immunize the IRS from using common sense.” Oh, if ...

IRS Facebook Data Mining

IRS Facebook Data Mining
Here’s a fun little reminder from Marketplace (which I got through Engadget, of all places): The IRS Facebook page is used for more than just playing Candy Crush Saga, they’re also scouring your records for any potential tax fraud. To quote Marketplace: Those fancy vacation photos you posted on Instagram? The Facebook status update about your ...