IRS Regulatory Overreach, Part 5
The 2021 tax filing season officially ended on Monday 10/17, which was the filing deadline for extended personal income tax returns (Form 1040). As mentioned in a previous article, submitting F…
Tax Theory, History, and Regulatory Overreach, Part 2
In Part 1, I asserted that I witnessed regulatory overreach and abuse by the IRS during my 40-year career. I also presented my 6-point quick tax primer and listed the many Acts (taxes) impose…
Tax Theory, History, and Regulatory Overreach, Part 1
As we celebrate the 246th birthday of our great country tomorrow, I thought I would explain current tax theory, the historical part that taxes played in the formation of our country, and regulatory o…
IRS Destroys 30 Million Paper Returns
Why am I not surprised to discover that the IRS destroyed 30 million unprocessed 2020 tax returns without authority? This was first brought to my attention on May 13 via an online article by Paul Bon…
How to Improve the IRS
Tax season is over. Hopefully, you got your 2020 tax return filed by May 17, or filed an extension (which was the topic of my last column).
Before proceeding, I need to point out that the Alli…
The IRS is Auditing You, Now What? Part 2
Last month, I began to explore the IRS audit process. I warned you 1) not to ignore a letter sent by the IRS, 2) to read the letter, 3) to get professional help, 4) that most audits are Correspondenc…
The IRS is Auditing You, Now What?
By the time you read this article there will be less than two weeks left before 2021 arrives. Since I gave you yearend tax reduction advice last month, I have a new topic to cover. What should you do…
Walk a Mile in Their Shoes
“You can’t understand someone until you’ve walked a mile in their shoes.” There are many versions of this popular saying (an old song even comes to my mind) and I don’t know who said it first. Perhap…
Y2K, Technology and IRS Penalties
A new decade begins a few days. Where did 2019 go? The older I get the faster time goes. I can still remember moving back to Columbia in August 1999. Our sons were 6 and 3. They now hold Hickman HS d…
History of the Internal Revenue Service
Today’s topic is A Short History of the Internal Revenue Service.
The original Constitution prohibited the direct taxation of its citizens. Article 1, Section 9 is excerpted here: “No Capitatio…
How to Become Audit-Proof
Appeared in the Columbia Daily Tribune on 3/16/19
In this article, we will look at IRS audits and how to become “audit-proof.” The most important key in becoming “audit-proof” is documentation. Firs…
