Washington D.C. Tax Law Blog

Don’t Fall Victim to “Ghost” Tax Return Preparers!

On behalf of Frost Law posted in on January 30, 2020.

An IRS news release, issued January 22, 2020, warned taxpayers not to fall victim to “ghost” tax return preparers this tax filing season.[1] The IRS reminded taxpayers that a paid tax return preparer is required by law to have a valid Preparer Tax Identification Number (PTIN). The IRS clarified that a paid preparer must include […]

Tags: Blog, Tax Crimes, Tax Topics


Getting Ready to File your Taxes? Avoid These Audit Triggers.

On behalf of Frost Law posted in on January 29, 2020.

Tax season is upon us. The Internal Revenue Service (IRS) began accepting tax returns on Monday, January 27. Those putting the finishing touches on their returns may wonder what the IRS looks for when reviewing returns — what exactly triggers an audit? 1) A large income. Unfortunately, the IRS is more likely to conduct an […]

Tags: Blog, Audits, IRS


Governor Announces More Than $1 Billion Tax Relief Aimed to Keep Retirees in Maryland

On behalf of Frost Law posted in on January 23, 2020.

On January 16, 2020, the Maryland Governor’s Office issued a news release reporting that Maryland Governor Larry Hogan announced the proposed Retirement Tax Reduction Act of 2020 (Act).[1]The Act would provide significant tax relief for Maryland retirees in order to make it more affordable for them to remain in Maryland. The news release quotes Governor […]

Tags: Blog, Tax Topics


Non-Filers: IRS Will Not Prepare Your Return with QBI Deduction

On behalf of Frost Law posted in on January 22, 2020.

When a taxpayer fails to file a tax return, the Internal Revenue Service (IRS) has the authority under Internal Revenue Code (IRC) §6020 to prepare a “substitute for return” (SFR) on the taxpayer’s behalf. Generally, SFRs are detrimental to the taxpayer’s overall tax situation. SFRs do not start the clock running for the three-year period […]

Tags: Blog, Tax Topics


Three Tips to Reduce the Stress that Comes with Tax Season

On behalf of Frost Law posted in on January 21, 2020.

Holiday decorations are stored away, New Year’s celebrations are over. Now it is time to move on to the next season of the year: tax season. It is not uncommon to look at the upcoming April 15 tax deadline with some amount of dread. You can take steps to help reduce the stress and frustration […]

Tags: Blog, IRS


Tax Court Preserves Levy Protection Because IRS Fails to Show Good Cause

On behalf of Frost Law posted in on January 21, 2020.

On January 3, 2020 the Tax Court issued an order refusing to remove an Internal Revenue Code (IRC) §6330(e)(1) suspension of levy, finding that the Internal Revenue Service (IRS) failed to establish good cause for such removal.[1]In this case, the taxpayer, as an attorney admitted to practice in Tax Court, was able to competently deflect […]

Tags: Blog, Tax Topics


Annual Report Indicates Overall Aggressive IRS Trend in Whistleblower Program

On behalf of Frost Law posted in on January 17, 2020.

On January 6, 2020, the Internal Revenue Service (IRS) released its Fiscal Year 2019 Whistleblower Report.[1]Although the report shows a decline in awards made as compared to last year, potential whistleblowers should note that the report clearly portrays an overall trend that the IRS is increasingly motivated in today’s mandatory tax whistleblower program. An important […]

Tags: Blog, IRS


Maryland Governor Proposes Tax Relief for Police, Firefighters and First Responders

On behalf of Frost Law posted in on January 17, 2020.

On January 9, 2020, honoring National Law Enforcement Appreciation Day, Maryland Governor Hogan announced that he is introducing legislation to provide tax relief for police, firefighters, and first responders. He also urged lawmakers to pass his crime plan consisting of a series of initiatives and expanded legislation to address violent crime.[1] Specifically, Governor Hogan’s announcement […]

Tags: Blog, Tax Topics


New Gig Economy Tax Center on IRS Website

On behalf of Frost Law posted in on January 15, 2020.

The “Gig Economy”-independent workers paid for a task or project (i.e., a “gig”)- isn’t new, but it has grown exponentially over the last decade, especially with the help of smartphone-based technology. Companies like Uber, Airbnb or TaskRabbit have made it very attractive and easy for independent workers to receive payment for performing a specific gig. […]

Tags: Blog, IRS


What happens when the DOJ accuses a Swiss Bank of Tax Evasion?

On behalf of Frost Law posted in on January 10, 2020.

They cooperate. At least that is what happened when the Department of Justice (DOJ) recently went after a Swiss bank accused of helping United States citizens hide assets and avoid tax obligations. Details of the DOJ’s findings The DOJ recently announced it entered a deferred prosecution agreement with HSBC Private Bank, a bank that operates […]

Tags: Blog, Tax Evasion