tax Advice Archive

Revised voluntary disclosure form highlights cryptoassets

TweetShareSharePin0 Shares An expanded reporting section and detailed instructions for reporting virtual currency are among the changes in a revised version of Form 14457, Voluntary Disclosure Practice Preclearance Request and Application, the IRS released Tuesday. Taxpayers file the form to make a preclearance request for the IRS to determine their eligibility to use the voluntary

The Train Tracks

TweetShareSharePin0 Shares My three-year old grandson Sam is enamored with trains and train tracks.  He loves to lay out the tracks and run Thomas and Thomas’ friends along the tracks.  Unfortunately for Sam, his 14-month old sister has now learned to walk.  She wants to do whatever Sam is doing, which includes playing with the

IRS identifies paused taxpayer notices

TweetShareSharePin0 Shares The IRS announced Wednesday in a news release the letters and notices it will not send taxpayers as it works through its backlog of unprocessed prior-year returns. In a Jan. 27 announcement, the Service said it was suspending certain automated letters and notices without identifying them specifically, saying only that they included, for

Causing Less Work for Themselves and Others

TweetShareSharePin0 Shares 0 Flares Made with Flare More Info“> 0 Flares × Yesterday, the IRS announced that it was suspending a number of notices while it continues to work through its backlog of cases.  Included in the suspended notices are the first three notices in the

Two Recent Circuit Level Decisions Appear to Dispute View That the Refund Claim Filing Requirement is Jurisdictional (Part 2)

TweetShareSharePin0 Shares This is part two of a two-part post on jurisdiction issues arising from the filing of a claim for refund and the subsequent litigation.  The prior post focused on the case of Morton v. United States and this post will focus on Brown v. United States.  Carl Smith contributed to the commentary in

Tax pros share IRS service challenge stories, solutions

TweetShareSharePin0 Shares Representatives of organizations of tax professionals and firms related their experiences in dealing with the IRS in an online forum Tuesday. Thousands of tax professionals and others logged in, filling long columns of chat and question sidebars with their own experiences and thoughts. The hourlong session, titled “Is Help on the Way From
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