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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,...

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...