| Filing Tips |
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| When you are ready to file your tax return, the Internal Revenue Service suggests that you take an extra few minutes to double check certain items to prevent mistakes that could cost you penalties and interest or delay your refund. More... |
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| Civil Damages for Collection Actions |
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| What if you feel that an Internal Revenue Service employee intentionally disregarded the law in collection procedures against you? Do you have any recourse against the government? Surprisingly, depending on the facts of your case, the answer just might be yes. More... |
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| Increase in Tax Enforcement |
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| The federal government has increased its use of criminal prosecutions against tax violators to stop the decline in enforcement actions as seen in prior years. The Justice Department and the Internal Revenue Service, is focusing on high-income individuals and corporations in order to identify, investigate, and punish those who break the tax laws, and it warns that those involved in a fraud scheme can wind up in federal prison along with an obligation to pay taxes, interest, and penalties. More... |
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| Federal Payment Levy Program |
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| If you have not paid all of your federal income taxes, beware. The Internal Revenue Service has partnered up with the Department of the Treasury, Financial Management Service (FMS), to create a program that is authorized to collect overdue taxes through a continuous levy on certain federal payments owed to you. More... |
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| Abusive "Welfare Benefit Plan" Tax Schemes |
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| Generally, contributions to a welfare benefit fund are deductible when paid, but only to the extent that they qualify as ordinary and necessary business expenses of the taxpayer and only to the extent allowable under the Internal Revenue Code. The Code imposes strict limitations on the amount of tax-deductible pre-funding permitted for contributions to a welfare benefit fund. More... |
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