Author Archives: Paul L. Mancinone

Another Year of Tax Return Identity Theft

Tax Return Identity Theft is a by-product of the IRS’s incessant desire to go electronic.  By not requiring a physicial signature, they are accepting returns on the honor system that someone, somewhere, has an authentic signature in their file.  Thieves … Continue reading

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Accounting Today Article

I was asked by the Editorial Staff of Accounting Today if I could put an article together on the use of Form 8275, Disclosure Statement, and its protective use for preparers and taxpayers alike. It is our pleasure to include … Continue reading

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What is the MA Governor thinking?

On Tuesday, August 7th, Massachusetts Governor Deval Patrick vetoed a section of a jobs bill that would have helped the Massachusetts economy. First, I live in Connecticut, so this has no effect on me.  But I do have many business … Continue reading

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Fisheries and Wildlife…..and MA Taxes

We stated at the outset that this Blog was only to be used as a “think tank” for sharing ideas related to tax practice and procedure.  And we hope a glance of our prior posts are true to that. So, … Continue reading

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WWLP TV22 Interviews

Our office was kindly asked by WWLP TV-22, our local NBC affiliate, for our thoughts on two important tax issues of the day.  The first related to Identity theft and the ease of getting personal data directly from the Social Security … Continue reading

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Identity Theft is Bad, but Free Identity Giveaways?

The IRS doesn’t have a clue how to deal with the identity theft issue. How do I know this?  Read on…. On April 16th, 2012, I went home and retrieved our mail from the mailbox.  Included was a letter from … Continue reading

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Personal Plea to the IRS!!!

Whenever we get a new client that has multiple years of unfiled federal and state tax returns, we always, 1) get a power of attorney (Form 2848 – the new one!), and 2) contact the tax practitioner’s hotline and obtain … Continue reading

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Follow Up to MA Earned Income Tax Credit Audits

We blogged back in February how the IRS is using MA Department of Revenue resources to conduct audits of tax returns that have taken the earned income credit (EIC).  In that post, we shared some of our experience and advice … Continue reading

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THE IRS AND INVENTORY, FROM BEGINNING TO END (no pun!)

Inventory is always an interesting subject in the context of an IRS audit.  We have dealt with it on numerous occasions to the point where I think it’s worth the blogging effort. For an accrual basis taxpayer that maintains an … Continue reading

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Tax Masters Goes Bankrupt

We issued a post on December 19th, after reading a notice from the Massachusetts Taxpayer Advocate, on the wisdom of using so called “National Tax Representatives.”  The notice indicated that they tend to take large retainers, and do absolutely nothing … Continue reading

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