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Webinar

Washington Alert – IRS LITC application period is underway; Estimated federal budget deficit; IRS webinar May 19 titled “Understanding the Universal Availability Rules in a 403(b) Retirement Plan”

Washington Alert – IRS LITC application period is underway; Estimated federal budget deficit; IRS webinar May 19 titled “Understanding the Universal Availability Rules in a 403(b) Retirement Plan”

The application period for the 2017 Low Income Taxpayer Clinic (LITC) grant process is now underway and will run through June 20. (IR 2016-70) The LITC program awards matching grants of up to $100,000 per year to qualifying organizations for the development, expansion or maintenance of a LITC. As described by IRS, LITCs offer assistance […]

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Washington Alert – IRS sends erroneous Identity Protection Personal Identification Number (IP PIN) letters; CBO publishes Frameworks for Distributional Analyses; IRS webinar on Tangible Property Regulations; Tax Policy Center on Should We Tax Unhealthy Foods and Drinks?

Washington Alert – IRS sends erroneous Identity Protection Personal Identification Number (IP PIN) letters; CBO publishes Frameworks for Distributional Analyses; IRS webinar on Tangible Property Regulations; Tax Policy Center on Should We Tax Unhealthy Foods and Drinks?

IRS has issued a statement that taxpayers are erroneously receiving Identity Protection Personal Identification Number (IP PIN) letters with an incorrect year listed. Taxpayers who receive such a letter, CP 01A Notice dated Jan. 4, 2016, may use the IP PIN listed on it on all individual tax returns filed in 2016. An IP PIN […]

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Washington Alert – CBO on Revenue Forecasts; TPC on Reforming the Child Care Credit; Webinar on S Corporation Shareholder Stock Basis; ACA Verification Service (AVS)

Washington Alert – CBO on Revenue Forecasts; TPC on Reforming the Child Care Credit; Webinar on S Corporation Shareholder Stock Basis; ACA Verification Service (AVS)

The Congressional Budget Office (CBO) recently released an assessment of the accuracy of its past revenue forecasts beginning with ’82. (CBO’s Revenue Forecasting Record) “On average, the agency’s projections have been a bit too high—more so for projections spanning six years than for those spanning two—owing mostly to the difficulty of predicting when economic downturns […]

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Washington Alert – TIGTA finds health insurers generally compliant; GAO report on ACA; Webinar on General Employment Tax Issues; Lois Lerner escapes criminal prosecution

Washington Alert – TIGTA finds health insurers generally compliant; GAO report on ACA; Webinar on General Employment Tax Issues; Lois Lerner escapes criminal prosecution

A Treasury Inspector General for Tax Administration (TIGTA) audit released on Oct. 23 found that health insurers participating in the Affordable Care Act advance premium tax credit and/or cost-sharing reduction programs and receiving subsidy payments on behalf of taxpayers were generally tax compliant. (Audit Report No. 2016-13-001) According to the audit, the federal government paid […]

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Washington Alert – TIGTA report phony IRS employees phone scam; Webinar on identity theft; IRS Nationwide Tax Forums; “Illegal Tax Protester” codes

Washington Alert – TIGTA report phony IRS employees phone scam; Webinar on identity theft; IRS Nationwide Tax Forums; “Illegal Tax Protester” codes

Progress is being made in an ongoing probe of a widespread phone scam being perpetrated by individuals posing as IRS employees, but taxpayers must remain vigilant so they will not be victimized, J. Russell George, the Treasury inspector general for tax administration, said on Oct. 15. Over the past year, some individuals associated with the […]

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Washington Alert – GAO on Low-Income Housing Tax Credit; Planning decisions for IRS’s Customer Account Data Engine (CADE) 2; Webinar on Business Taxes for the Self-Employed

Washington Alert – GAO on Low-Income Housing Tax Credit; Planning decisions for IRS’s Customer Account Data Engine (CADE) 2; Webinar on Business Taxes for the Self-Employed

IRS’s oversight of the Low-Income Housing Tax Credit (LIHTC) program has been “minimal,” with the agency conducting a paltry seven audits of 56 state housing finance agencies (HFAs) since ’86, the Government Accountability Office (GAO) said in a recent report. (GAO-15-330) Federal standards call for continual monitoring in the course of normal operations. The LIHTC […]

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Washington Alert – Rand Paul supports lawsuit to strike down FATCA;U.S. and the Philippines sign an IGA; IRS webinars on ACA

Washington Alert – Rand Paul supports lawsuit to strike down FATCA;U.S. and the Philippines sign an IGA; IRS webinars on ACA

Sen. Rand Paul (R-KY) on July 14 joined six other plaintiffs in filing a lawsuit in U.S. District Court for the Southern District of Ohio that, among other things, would strike down the Foreign Account Tax Compliance Act (FATCA)-related intergovernmental agreements (IGAs) the U.S. has signed with Canada, the Czech Republic, Israel and Switzerland. (Crawford […]

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Washington Alert – EKS Bank now part of Swiss Bank Program; Webinar on Tangible Property Regs; Too much income tax withheld; IRS sending letters to federal tax return preparers with expired PTINs or who have personal non-compliance issues

Washington Alert –  EKS Bank now part of Swiss Bank Program; Webinar on Tangible Property Regs; Too much income tax withheld; IRS sending letters to federal tax return preparers with expired PTINs or who have personal non-compliance issues

The Justice Department (DOJ) announced on June 26 that Ersparniskasse Schaffhausen AG (EKS), a small regional bank wholly owned by a Swiss charitable foundation, has reached a resolution under the department’s Swiss Bank Program. The bank agreed to pay $2.1 million in penalties. To be eligible for the program, banks had to inform DOJ by […]

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SBA.gov announces dates for webinars for the Affordable Care Act 101, Disaster Recovery, How To Increase Your Credit Score & More

SBA.gov announces dates for webinars for the Affordable Care Act 101, Disaster Recovery, How To Increase Your Credit Score & More

New Dates for the Affordable Care Act 101 Webinars The Small Business Administration and Small Business Majority are excited to announce the next set of Affordable Care Act 101 weekly webinar dates. During each presentation, small business owners can learn the basics of the Affordable Care Act and what it means for their company and […]

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IRS Offers Free Webinar for Federal, State and Local Governments

IRS Offers Free Webinar for Federal, State and Local Governments

Editor’s Note:  with the recent Bankruptcy filings of the Cities of Stockton and San Bernardino (and others threatening to do the same), it might be a good idea for those elected officials to take advantage of a free webinar by the IRS as some issues affecting the rank and file of each City, will be […]

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IRS May 30 EO webinar: Starting and Operating Charities for Disaster Relief

IRS May 30 EO webinar: Starting and Operating Charities for Disaster Relief

Editor’s Note:  a lot of clients ask about starting and operating charities and how that affects them tax-wise.  The IRS announced that on May 30, there will be a webinar and also one in June on regarding starting off on the right foot in 501(c)(3) organizations. The May 30 webinar explains the basic requirements for […]

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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