tax rights Archives | Crabb Tax Services

7 Red Flags That Could Trigger An IRS Audit Of Your Taxes

Crabb Tax Services — Tue, 19 Mar 2019 22:09:42 +0000

No one wants a visit from the Internal Revenue Service. But if you get too generous with your calculations, you may need to back up your tax return.

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The IRS Can And Does Waive The Penalty For Incorrect RMDs

Crabb Tax Services — Tue, 19 Mar 2019 20:39:25 +0000

Required minimum distributions are a bane of retirement for many Americans. The concept puzzles many people, and the rules can be complicated. The result is that many people fail to take their required minimum distributions (RMDs) or they take the wrong amount. The IRS noticed this a few years ago and decided to change the information reported to it and how it is analyzed so it can better identify people who don’t take the correct RMDs.

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Understanding the Criminal Tax Plea Agreement

Crabb Tax Services — Fri, 27 Oct 2017 21:29:39 +0000

White collar defense attorneys and accountants engaged to assist in investigations conducted by the IRS Criminal Investigation Division are familiar with these words: “… the tax loss … is … $550,000 to $1,500,000 …” By Edward M. Waddington and Ricardo J.

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The Difference Between Innocent Spouse And Injured Spouse

Crabb Tax Services — Wed, 25 Oct 2017 23:33:54 +0000

Taxpayer asks: What’s the difference in injured and innocent spouse? Years ago I separated and the IRS withheld my tax refund because of unpaid tax from my now Ex. Do I have any way to get that back? Ask the

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IRS Tax Tip: Taxpayers Who are Victims of Domestic Abuse Should Know Their Rights

Crabb Tax Services — Sat, 21 Oct 2017 00:03:42 +0000

Domestic abuse often includes control over finances. An important part of managing finances is understanding one’s tax rights. Taxpayers have the right to expect the IRS to consider facts and circumstances that might affect the individual’s taxes.

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IRS Tax Tip: Individuals Who Need to Reconstruct Records After a Disaster

Crabb Tax Services — Fri, 06 Oct 2017 00:30:18 +0000

Taxpayers who are victims of a disaster might need to reconstruct records to prove their loss. Doing this may be essential for tax purposes, getting federal assistance, or insurance reimbursement. IRS Tax Tip 2017-54, October 4, 2017 Here are 12

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