Yes. You have many options for challenging an IRS assessment. Two common procedures are the Collecti...
Can I get the IRS or the MDR to change the assessment against me after they have started collection action like levies and liens?
Yes. For the IRS, the procedure is known as an Audit Reconsideration Request (AR). The IRS has the d...
Can an In-Business Corporation Compromise its Employment Tax Obligations With The IRS?
Yes. An in-business corporation can compromise its outstanding employment tax obligations with the I...
Can I Recover Income Tax Refunds When I File My Returns Late?
Many individuals and businesses fail to file their income tax returns for multiple years for a varie...
Contributing a Lake Home to a Fire Department
In Scharf v. Comm’r 32 T.C. Memo 1247 (1973) acq, in result, 1974 WL 36031, the United States Tax ...
Historic Preservation Conservation Easements – A Good Tax Shelter?
In the early 1980s, there was an almost endless supply of tax shelters promising deductions and cred...
Is it Maintenance or a Property Settlement?
Parties to a divorce action may dispute the intent or impact of their agreement or the court’s ord...
Is It Deductible Maintenance or Non Deductible Child Support?
The State of Minnesota has recently pushed the IRS regulations used to define what is really alimony...
Professional Gamblers
In the State of Minnesota, many gamblers are interested in taking the extra steps to be treated as p...
IRS Levy – Notices Before Levy
What does it mean when the IRS says it plans to take enforced collection action? Usually, it means t...
Independent Contractors – Documenting Your Worker’s Status with Your Own Records.
In an earlier blog article we gave you a list of documents you should secure from the worker to demo...
Minnesota Department of Revenue – Worker Classification Voluntary Compliance Initiative
The Minnesota Department of Revenue recently launched a limited pilot program to allow businesses to...
IRS Voluntary Worker Classification Settlement Program – Converting Independent Contractors to Employees
Many companies are struggling with the problem of determining how to properly classify their workers...
Summary of Reporting Obligations: W-2s and 1099s
This is the tenth in a series of articles on issues surrounding the Taxation of Settlements and Verd...
Summary of Withholding and Payment Obligations
This is the ninth in a series of articles on issues surrounding the Taxation of Settlements and Verd...
Summary of Tax Treatment of Settlements and Verdicts
This is the eighth in a series of articles on issues surrounding the Taxation of Settlements and Ver...
Fee Shifting Statutes – Are Awarded Attorney Fees Taxable?
This is the seventh in a series of articles on issues surrounding the Taxation of Settlements and Ve...
Deducting Attorney Fees "Below the Line."
This is the sixth in a series of articles on issues surrounding the Taxation of Settlements and Verd...
Deducting Attorney Fees From the Award – Above the Line
This is the fifth in a series of articles on issues surrounding the Taxation of Settlements and Verd...
Contingent Attorney Fees as Gross Income
This is the fourth in a series of articles on issues surrounding the Taxation of Settlements and Ver...