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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,...

Statute Of Limitations Can Sometimes Hurt Taxpayers

Originally published on Forbes.com. The statute of limitations can be a beautiful thing.  After three years or maybe six years, you no longer have to worry about a mistake or an aggressive position on your tax return being challenged. After ten years from an...