Bitcoin In The Crosshairs

Don’t think that just because the currency is virtual, that the tax man doesn’t know you have it. Bitcoin and other virtual currencies are squarely in the crosshairs of the IRS and other agencies. The combination for potential for tax evasion, money laundering and illegal payments is just too enticing for Read more…

The IRS May Have to Pay Your Legal Bill

Internal Revenue Code (IRC) section 7430 permits courts to award “reasonable litigation costs” and “reasonable administrative costs” to the “prevailing party” in any “administrative or court proceeding … brought by or against the United States in connection with the determination, collection, or refund of any tax, interest, or penalty” under Read more…

Man Researching Tax Question

The Three Phases of Tax Resolution

In general, every tax resolution case goes through three phases: Transcript Analysis Return Filing Final Resolution Transcript analysis is the information gathering phase. It gives you the full scope your tax position.  You can’t resolve a problem with the IRS unless all your tax filings are up to date. Tax Read more…