Tax Law

Recent Posts

IRS Releases FAQs on Notice to Terminated Participants with Deferred Vested Benefits Reported on the New Form 8955-SSA
Posted on 12 Jan 2012 by Ballard Spahr LLP

The Internal Revenue Service has released a new set of frequently asked questions (FAQs) on the requirement to provide notice to participants in pension, 401(k), 403(b), and other retirement plans who have terminated employment with the plan sponsor,... Read More

Tax Court Collection Due Process Standard of Review Upended by the First Circuit
Posted on 26 Jun 2012 by Asbury Law Firm

In a decision that could dramatically change collection due process, the First Circuit Court of Appeals held that the standard of review applied to collection due process cases by the Tax Court for more than a decade is incorrect. In Dalton v. Commissioner... Read More

TIGTA Report on the State of IRS CI
Posted on 19 Oct 2011 by Jack Townsend

In August, TIGTA released its report titled Trends in Criminal Investigation's Enforcement Activities Showed Improvements for Fiscal Year 2010, With Gains in Most Performance Indicators (Ref: 2011-30-068 7/25/11), here . I have finally found time... Read More

Tags: IRS , TIGTA

McNees Wallace & Nurick LLC: New FBAR Rules Significantly Increase Employee Filings
Posted on 10 Aug 2011 by McNees Wallace & Nurick LLC

By Veronica R. Johnson Did you know that if you have a bank account outside of the United States, you may be required to file a Treasury Form 90-22.1 with the U.S. Treasury every year? There are strict penalties in place for those who fail to file this... Read More

IRS Issues Guidance for Schedule UTP Concise Descriptions
Posted on 21 May 2012 by Asbury Law Firm

The IRS revised the Instructions for Schedule UTP in early February, but one thing that it did not change was the definition of the concise description required to accompany each uncertain tax position. The IRS later publicly expressed concerns over the... Read More

Tax Court Finds IRS Compliance Officer Liable for Civil Fraud Penalty
Posted on 10 Jul 2012 by Jack Townsend

Readers interested in the risks of being audited with respect to income tax noncompliance arising from foreign assets (particularly financial accounts) often ask what it takes for the IRS to prove fraud. I am aware of no standard litmus test of civil... Read More

Trust Fund Tax Convictions Affirmed
Posted on 27 Apr 2012 by Jack Townsend

In United States v. DeMuro, ___ F.3d ___, 2012 U.S. App. LEXIS 8094 (3d Cir. 2012) , enhanced opinion available to lexis.com subscribers, (Non-subscribers can download the unenhanced official opinion here ), the Demuros, husband and wife, were convicted... Read More

Ninth Circuit Oral Argument on Act of Production Doctrine
Posted on 19 Sep 2012 by Jack Townsend

The Record, a California legal publication, reports on oral argument in a case involved the act of production doctrine which says, in effect, that although the contents of documents may not be privileged, a witness under compulsion to produce the documents... Read More

Darth Vader at the IRS?
Posted on 1 Nov 2010 by Christopher Bergin

At Tax Analysts, where I work, the employees have a lot of fun with Halloween. There’s a party with refreshments, a costume contest, and a pumpkin carving contest. We have greatly creative people; so, the submissions for the contests are quite something... Read More

The Taxman Cometh: IRS Audit Focus on Middle Market Companies
Posted on 5 Apr 2012 by Asbury Law Firm

In a recent speech at the mid-year conference of the Tax Executives Institute, IRS Deputy Commissioner Steven T. Miller laid out the framework for the future of IRS corporate audits. To borrow Mr. Miller's own assessment, this is bad news for large... Read More

  • Blog Post: Darth Vader at the IRS?

    At Tax Analysts, where I work, the employees have a lot of fun with Halloween. There’s a party with refreshments, a costume contest, and a pumpkin carving contest. We have greatly creative people; so, the submissions for the contests are quite something. . . . . The premise of this particular pumpkin...
  • Blog Post: McNees Wallace & Nurick LLC: New FBAR Rules Significantly Increase Employee Filings

    By Veronica R. Johnson Did you know that if you have a bank account outside of the United States, you may be required to file a Treasury Form 90-22.1 with the U.S. Treasury every year? There are strict penalties in place for those who fail to file this form. Although the regulation is intended to uncover...
  • Blog Post: TIGTA Report on the State of IRS CI

    In August, TIGTA released its report titled Trends in Criminal Investigation's Enforcement Activities Showed Improvements for Fiscal Year 2010, With Gains in Most Performance Indicators (Ref: 2011-30-068 7/25/11), here . I have finally found time to look at the report, which is an annual report on...