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Earned Income Tax Credit (EITC)

Judge in small Tax Court case declines to rule on 2-year earned income credit denial

Judge in small Tax Court case declines to rule on 2-year earned income credit denial

Ballard vs. IRS, bench opinion and order, Tax Court Docket No. 3843-15S (Feb 12, 2016). In a bench opinion and order with respect to a Tax Court small tax case, a Tax Court judge has declined to rule on whether a taxpayer was subject to the Code Sec. 32(k) rule under which a taxpayer, who […]

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Washington Alert – PTIN expiration notices sent; GAO faults IRS phone service; Return preparers and EITC warning; FINCEN and insurance companies

Washington Alert – PTIN expiration notices sent; GAO faults IRS phone service; Return preparers and EITC warning; FINCEN and insurance companies

IRS announced on Jan. 22 that the Return Preparer Office has started mailing Preparer Tax Identification Number (PTIN) expiration notices to tax preparers who have not renewed their PTIN for 2016. (e-News for Tax Professionals 2016-3) According to the agency, some 150,000 such notices will be sent. The notice informs recipients that their PTIN can […]

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Washington Alert – EITC due diligence letters; IMSI Catchers & Stingrays; JCT on proposed tax treaty between US & Japan

Washington Alert – EITC due diligence letters; IMSI Catchers & Stingrays; JCT on proposed tax treaty between US & Japan

IRS announced on Oct. 30 that it had recently sent Earned Income Tax Credit (EITC) Due Diligence letters to tax preparers “who submitted incorrect or highly questionable” EITC tax returns over the past year. (QuickAlerts for Tax Professionals) According to the agency, recipients of the letters should understand that the letters are solely informational in […]

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Washington Alert – TIGTA Report on Technology Dependence, 2015 Filing Season Report, EITC Report

Washington Alert – TIGTA Report on Technology Dependence, 2015 Filing Season Report, EITC Report

Due to continued budget cuts, IRS is becoming increasingly dependent on technology-based services to provide taxpayer assistance, the Treasury Inspector General for Tax Administration (TIGTA) said in an audit released on April 16. (Audit Report No. 2015-40-032) Consequently, the agency continues to offer more self-assistance alternatives that taxpayers can access 24/7, TIGTA said. The purpose […]

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Washington Alert – IRS Commissioner and illegal immigrants; GAO Report on Tax Refund Fraud due to Identity Theft

Washington Alert – IRS Commissioner and illegal immigrants; GAO Report on Tax Refund Fraud due to Identity Theft

IRS Commissioner John Koskinen, during Capitol Hill testimony on Feb. 11, backed off statements he made a week earlier regarding the eligibility of illegal immigrants who qualify to remain in the U.S. pursuant to President Obama’s deportation amnesty program to receive three-year’s worth of the earned income tax credit (EITC). Koskinen had previously testified on […]

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Washington Alert – IRS and the Dirty Dozen; EITC Enforcement; Qualified Zone Academy Bonds; Offer in Compromise Booklet Revised; Middle Class Economics

Washington Alert – IRS and the Dirty Dozen; EITC Enforcement; Qualified Zone Academy Bonds; Offer in Compromise Booklet Revised; Middle Class Economics

IRS on Feb. 9 published its complete list of the 2015 “Dirty Dozen” tax scams. (IR 2015-26) Commencing on Jan. 22, the agency cited one scam each business day in order to place more emphasis on each of the scams. The tax scams included the following – phone scams; phishing; identity theft; return preparer fraud; […]

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Washington Alert – Bits ‘n Pieces – Identity Theft Relief, US & Slovenia, Demand for Rules in Tax-Exempt Audits, EITC Awareness Day

Washington Alert – Bits ‘n Pieces – Identity Theft Relief, US & Slovenia, Demand for Rules in Tax-Exempt Audits, EITC Awareness Day

As another step in its continuing efforts to combat tax-related identity theft, IRS has announced it is offering access to a limited pilot program to help taxpayers who filed their returns in 2013 from Florida, Georgia and the District of Columbia. (2014 Identity Protection PIN Pilot  Jan. 28) According to the agency, the three jurisdictions […]

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The IRS Must Do More to Reduce Improper Payments

The IRS Must Do More to Reduce Improper Payments

TIGTA finds that “The IRS Must Do More to Reduce Improper Payments” in a recent report – that 21 to 25 percent ($11.6 billion to $13.6 billion) of EITC payments were issued improperly during Fiscal Year 2012. Per the report, the IRS has made no significant improvement in reducing improper Earned Income Tax Credit (EITC) […]

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Meet Paul Raymond

Meet Paul Raymond

Mr. Raymond is a sought after speaker in tax controversy law by many attorney, accountant, and business groups and at the request of the Internal Revenue Service, has presented programs at the IRS Nationwide Tax Forum, attended by tax professionals throughout the United States.

Additionally, he continues to be an active member in the Section of Taxation, American Bar Association, where he was the Past Chair of the Employment Taxes Committee.

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Member CA Bar Member Orange County Bar US Tax Court Attorney