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Tag Archive: "irs"

How $563 Cost a Taxpayer $6,320

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August 26th, 2014

In an US Tax Court case released today, a taxpayer (who was not a farmer thankfully) had a very small issue with the IRS.  The couple earned well in excess of $200,000 during 2009 and deducted $11,000 for an IRA for him and his spouse.  Since the spouse was covered by a pension plan, this […]

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Surprise! – IRS Does Not Promote “First Time Abatement” Program

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November 11th, 2012

Shortly after September 15 of each year, I spend multiple hours as a CPA writing letters to the IRS in response to late filing notices for partnerships and S corporation tax returns.  In almost all cases, after writing the letter, the IRS will abate the penalty and the taxpayer will not owe for the late […]

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