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tax professionals

Dead Men Tell No Tales: Deceased Russian Lawyer Found Guilty Of Tax Evasion

17 July 2013

A Moscow court has ruled Hermitage Capital Management founder William Browder and his tax advisor and lawyer, Sergei Magnitsky, guilty of tax fraud. Magnitsky was found guilty posthumously; he died in prison nearly four years ago. Browder was found guilty in absentia after being forced from the country in 2006.

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June A Busy Month At IRS For Taxpayers and Tax Pros

2 June 2013

We tend to think of summer as a slow time when it comes to taxes but it’s hardly a vacation for taxpayers and tax professionals. This summer, in particular, the Internal Revenue Service has a full calendar and June is no exception. Here are some notable dates to keep in mind: June 3. The IRS […]

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Will She Or Won’t She? D.C. Holds Breath As IRS Official Is Called Back To Testify After (Possibly) Pleading The Fifth

24 May 2013

It’s no surprise that Rep. Darrell Issa (R-CA), Chair of the House Oversight and Government Reform Committee, would recall Lois Lerner, Director of the Exempt Organizations Division at the Internal Revenue Service. He advised as much on yesterday when Lerner possibly (keep reading!) pleaded the Fifth rather than testify at a Congressional hearing into allegations […]

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H&R Block Offers Apology, Cash To Make Up For Filing Snafu

25 April 2013

If you were one of the hundreds of thousands of taxpayers affected by the tax season filing snafu involving education credits – and you filed using H&R Block – you might be getting some relief. The tax preparation giant is offering $25 to its customers affected by the delay in processing individual tax returns claiming […]

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Temporary TurboTax Glitch Stresses Out Last Minute Tax Filers

15 April 2013

When it rains, it pours. In the midst of an already tense tax season, taxpayers had a brief moment of worry last night when the online system for TurboTax appeared to melt down. After a few error messages, some angry tweeting and a little hyperventilating, things returned to normal. So what happened? According to Julie […]

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H&R Block CEO Offers Apology For Education Credit Fiasco

16 March 2013

As tax season heads towards the home stretch, hundreds of thousands of taxpayer refunds have been delayed. While taxpayers expected minor glitches associated with a late start to the tax season, the magnitude of the delays, especially those involving the form 8863 for education credits, took the tax world by storm. Angry taxpayers have been […]

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IRS, H&R Block Release Statements About Processing Delays

13 March 2013

(Note: Updated to reflect Department of Education comments.) As anger continues to grow over delays with processing the federal form 8863, Education Credits, I reached out to the Internal Revenue Service, H&R Block and the Department of Education to answer your questions. IRS spokesperson Michelle Eldridge offered the following statement about the delays: The IRS […]

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A Beginner’s Guide To Taxes: Do I Need To Hire A Tax Preparer Or Can I Do My Return Myself?

12 February 2013

For those of you who don’t hang out with me in real life, here’s stuff you might not know: I bake my own bread. I pickle my own vegetables. I make my kids’ Halloween costumes. I can code a little. But I do not do my own taxes. I used to do my own returns […]

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Taxpayer Alleges IRS Agent Offered Sex In Exchange For Lower Tax Penalties On Audit

6 February 2013

Talk about some serious negotiations. A 40 year old man out of Fall Creek, [entity display="Oregon" type="place" active="true" key="or" natural_id="places/39"]Oregon[/entity], has filed a federal law suit against the IRS, alleging that she used her, um, position to sexually harass and intimidate him. The man, Vincent Burroughs, filed the lawsuit on January 25, 2013, against the […]

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IRS Loses Big In Court (Again), Tax Season Chugs Along

2 February 2013

On January 18, 2013, a federal court stopped IRS “dead in its tracks” from enforcing its new regulatory scheme for registered tax-return preparers. In response, the IRS filed a motion to stay the injunction – that’s a lawyerly way of saying that the IRS asked the court not to enforce the injunction and to allow […]

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