The Hobby Loss Rule: What is the Hobby Loss Rule? Part I
From the Desk of Lauran L Stevenson The Hobby Loss Rule: What is the Hobby Loss Rule? Part I IRS Code Section 183, entitled Activities Not Engaged in for Profit, [...]
Taxpayer Advocate Service Mid-Year Report to Congress
From the Desk of Lauran L. Stevenson Taxpayer Advocate Service Mid-Year Report to Congress This week’s post will introduce the Fiscal Year Objectives Report to Congress. This report presents a [...]
Form 1099 – Not to be Ignored
From the Desk of Lauran L. Stevenson Form 1099 – Not to be Ignored The difference between a 1099 and a W2 employee is how the monies and information on [...]
When the IRS Knocks
From the Desk of Lauran L. Stevenson When the IRS Knocks The IRS has created a special new page (“How to know it’s really the IRS calling or knocking on [...]
What to Do When an IRS Letter Arrives: “Tips” from the IRS
From the Desk of Lauran L. Stevenson What to Do When an IRS Letter Arrives: “Tips” from the IRS Recently, the IRS issued several tax tips on how to handle [...]
Taxpayer Bill of Rights: The Right to Privacy
From the Desk of Lauran Corcoran Taxpayer Bill of Rights: The Right to Privacy Taxpayers have the right to expect that any IRS inquiry, examination, or enforcement action will comply [...]
Taxpayer Bill of Rights: The Right to Retain Representation
From the Desk of Lauran Corcoran Taxpayer Bill of Rights: The Right to Retain Representation The Right to Retain Representation: Taxpayers have the right to retain an authorized representative of [...]
Taxpayer Bill of Rights: The Right to Appeal an IRS Decision in an Independent Forum
From the Desk of Lauran Corcoran Taxpayer Bill of Rights: The Right to Appeal an IRS Decision in an Independent Forum One of the more interesting components of this right [...]
Taxpayer Bill of Rights: The Right to Confidentiality
From the Desk of Lauran Corcoran Taxpayer Bill of Rights: The Right to Confidentiality Taxpayers have the right to expect that any information they provide to the IRS will not [...]
Taxpayer Bill of Rights: The Right to Confidentiality
From the Desk of Lauran Corcoran Taxpayer Bill of Rights: The Right to Confidentiality Taxpayers have the right to expect that any information they provide to the IRS will not [...]
Taxpayer Bill of Rights: The Right to Challenge the IRS’s Position and Be Heard
From the Desk of Lauran Corcoran Taxpayer Bill of Rights: The Right to Challenge the IRS’s Position and Be Heard This right is particularly interesting as most taxpayers would disagree [...]
It’s a Write-off, Right? Business Deduction Requirements and Rules, Part 2
From the Desk of Lauran Corcoran It’s a Write-off, Right? Business Deduction Requirements and Rules, Part 2 As discussed previously, a business expense is valid deduction against business income when [...]