Archive for September 2022
IRS Audits and Criminal Tax Matters
Many taxpayers who receive an examination (“audit”) notice from the IRS often are concerned whether “they could go to jail.” Indeed, problems originate with the tax return as a result of errors or fraud. The courts have long since opined connecting the audit to criminal tax convictions. In a Ninth Circuit opinion case, United States…
Read MoreNIL Deals and Taxes
The landscape of college football, basketball, and athletics in general has changed. As a result of a recent Supreme Court decision against the NCAA (NCAA vs. Alston) and subsequent NCAA rule changes, athletes are now able to make money on their Name, Image, and Likeness (“NIL”). This was long overdue. I recall my time as…
Read MoreThe Right To Retain Representation
Don’t get it twisted! Taxpayers, you have a right to retain a representative to assist you in your IRS matters. The taxpayer bill of rights states “[t]axpayers have the right to retain an authorized representative of their choice to represent them in their dealings with the IRS. Taxpayers have the right to seek assistance from…
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