Category Archives: IRS

Governor Baker Signs Bill to Expand EIC.

Posted on July 27, 2015 by Paul L. Mancinone

In researching my RIA materials this morning, I learned that MA Governor Charlie Baker signed into law a bill that increased the MA earned income credit from 15% (of the Federal amount) to 23%. From a bipartisan standpoint, everyone should … Continue reading →

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Are IRS Collection Procedures Running Amuck?

Posted on July 24, 2015 by Paul L. Mancinone

“An estimated 24,237 taxpayers may have been adversely affected because the Internal Revenue Service did not follow requirements to notify the taxpayers’ representatives of the taxpayers’ rights related to notices of federal tax liens, according to a new report.” This … Continue reading →

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Docketed Cases. Hard Work (and a little luck!).

Posted on February 9, 2015 by Paul L. Mancinone

Our office has truly been blessed with good fortune over the past two weeks, both docketed cases before the United States Tax Court. The first came to us as a referral from a very talented estate planning attorney – a … Continue reading →

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Taxpayer Advocate. Seriously?

Posted on October 24, 2014 by Paul L. Mancinone

In today’s Accounting Today, there is an article that illuminates the current problems with the Taxpayer Advocate’s Office. Apparently due to budget issues (continued thanks to Lois Lerner, the gift that keeps on giving, or vice versa, as the case … Continue reading →

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IRS Woes. Is this just the beginning?

Posted on May 20, 2013 by Paul L. Mancinone

We believe the problems with the IRS, stemming from the tax-exempt organizations division, are just beginning. This reminds us of the Congressional Hearings of the late 1990’s, when hapless victims of aggressive IRS collection procedures were paraded up Capitol Hill to testify.  Albeit, … Continue reading →

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Another Year of Tax Return Identity Theft

Posted on January 10, 2013 by Paul L. Mancinone

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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Personal Plea to the IRS!!!

Posted on June 20, 2012 by Paul L. Mancinone

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

Posted on June 14, 2012 by Paul L. Mancinone

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!)

Posted on May 17, 2012 by Paul L. Mancinone

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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