Washington DC Tax Law Blog

Expedited Passport Decertification Available to Taxpayers With Urgent Travel Needs

As we've previously reported,1 the IRS is actively targeting some taxpayers for passport denial or revocation. Currently, taxpayers who owe the IRS at least $52,000 may be unable to obtain or renew their passports. Taxpayers must be proactive to prevent delays with travel plans.

A simple explanation of two IRS deductions for small businesses

The Internal Revenue Service (IRS) provides some tax benefits to small businesses. Many of these benefits are in the form of tax deductions. When it comes to pass-through entities like sole proprietors, partnerships and limited liability companies (LLC), two examples include:

Royal Baby Sussex, meet Uncle Sam

The Duke and Duchess of Sussex, Prince Harry and his wife Meghan Markle, recently welcomed a baby boy into the royal family. Amidst the joy and celebrations that often come with welcoming a new family member, this little one may require some proactive tax planning. Although born in England, the infant could find himself subject to taxes in the United States.

Tax audits: How long do you need to worry?

The Internal Revenue Service (IRS) can review taxpayers’ returns. But, like most things in the legal world, this ability is generally limited.

How is the IRS’ limited? In most cases, a statute of limitations, or time limit, applies. This means the agency has a set amount of time it can look back into your tax returns.

How does the IRS build allegations of tax fraud?

Snitches. It is a word that brings back memories of plot lines from popular mobster movies like The Godfather or the mega-hit HBO show The Sopranos. There are many names for those who provide information to another party in exchange for gain or immunity. The term “snitch” has a more negative connotation, other, less sinister monikers for those who take on this role include whistleblowers or informers.

These individuals are not always playing a negative role. In many cases, the actions of these individuals can help to better society.

FBI and IRS Raid Mayor's Home Amid Bookgate Scandal

On April 25, 2019, FBI and IRS agents executed search warrants and raided Baltimore Mayor Pugh's home, City Hall, the apartment of a Pugh aide, and the Maryland Center for Adult Training amid the Baltimore "Bookgate" corruption scandal. The raid is the first public display of federal law involvement. Soon after the raid, Maryland Governor Hogan called on Mayor Pugh to resign from office.

War and income taxes: How one thing led to the other

The time, World War II. Although not the first time the United States government attempted to implement an income tax, this was the time it stuck.

Not the first time? Congress had passed previous income tax regulations. Lawmakers were pressured to find funds to pay for war efforts and the income tax provided a relatively easy solution. After the war efforts ended, lawmakers repealed or the court ruled previous income tax regulations unconstitutional.

Last minute tax tips for Tax Day

It is finally here — today is Tax Day. Some of us have filed our returns while others are scrambling. For those of us rushing to get their returns in order, the following can help:

  • Mail wisely. Taxpayers that choose to mail their returns to the Internal Revenue Service (IRS) should double check postage and address. As long as done correctly, the IRS will generally accept any tax filing postmarked on or before April 15. The post office can weigh the mailing to better ensure correct postage. Taxpayers could also have the mail tracked for increased peace of mind.

Tax Day may mean double duty if you have foreign assets

The Internal Revenue Service (IRS) recently reminded taxpayers that even those living abroad likely need to file paperwork this tax season. In some cases, the government may require taxpayers file additional paperwork.

What else does the Treasury Department need? The agency may also require an additional form, the Report of Foreign Bank and Financial Accounts (FBAR). This form is due on April 15th, 2019.

Three facts about the IRS refund process

The Internal Revenue Service (IRS) is working through tax filings and anticipates many more as the April 15 tax deadline quickly approaches. The agency recently released a publication aimed at dispelling many myths about tax refunds that are getting circulated through social media platforms.

The publication included several facts about the refund process. Three of the more notable include:

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