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IRS Not Making Much Use Of Bank Currency Reports

IRS Not Making Much Use Of Bank Currency Reports

Originally published on Forbes.com. Pretty much everybody knows that if you bring over ten grand in cash to the bank and deposit it, the bank is going to send in a report that will get to the IRS.  Projecting from there, you might figure they will put somebody on your...
Tax Refunds Due Injured Veterans – IRS Should Make It Easier

Tax Refunds Due Injured Veterans – IRS Should Make It Easier

Originally published on Forbes.com. The IRS put out a helpful news release (IRS Tax Tip 2018-146) for some 130,000 veterans who may be entitled to refunds – Combat-injured disabled veterans may be due a refund.  There are some unanswered questions and some...
Do Not Ignore IRS Form 1099-C – It Will Not End Well

Do Not Ignore IRS Form 1099-C – It Will Not End Well

Originally published on Forbes.com. Pay attention.  This is one of my posts with an important lesson rather than an entertaining story.  The lesson comes from a Tax Court decision – TCM 2018-140.  You will find out the taxpayer’s name if you read the case,...