Math Errors on Tax Returns

Posted on by Moskowitz LLP Posted in Tax: Audits, Litigation & Collection, Tax Planning & Compliance
Despite the fact that a growing number of U.S. taxpayers are submitting their tax returns electronically - a method that, in theory, should promote accuracy by automatically tallying totals - The Associated Press recently revealed that mathematical errors may be on the rise.   The A.P. reports that 2.7 million miscalculations...
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Restaurant Owner Audited – Triggered by Tip Report

Posted on by Moskowitz LLP Posted in Business Law, Tax: Audits, Litigation & Collection
Because restaurants deal in cash and tips, the Internal Revenue Service (IRS) has devised systems to enforce tax compliance by requiring employers bear the ultimate burden for Federal Insurance Contribution Act (FICA) taxes owed by employees under reporting the tips they receive. It does this by requiring restaurant to file...
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What a Tax Attorney Can Do for You: Understand How Apple, Inc. Legally Does Not Pay Income Tax

Posted on by Moskowitz LLP Posted in Tax: Audits, Litigation & Collection
When Apple Inc., disclosed that it has not paid any corporate income tax over the past 4 years, it got the government’s attention. Hailed before the Senate, Apple is confident in their tax position because it is legal. Essentially, Apple games the system by aggressively manipulating the Internal Revenue Code...
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IRS to target “quiet” offshore tax disclosures in light of new report

Posted on by Moskowitz LLP Posted in Tax: Audits, Litigation & Collection, International Taxation
Given the aggressive public overtures that Internal Revenue Service (IRS) officials have made regarding offshore bank accounts and tax evasion in the last five years, many taxpayers took advantage of the Offshore Voluntary Disclosure Program offered by the Internal Revenue Service. However, a report issued by the GAO (Government Accounting...
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California business owners, prepare for an audit

Posted on by Moskowitz LLP Posted in State & Local Taxation
Earlier this year, the Internal Revenue Service (IRS) made its 2012 Data Book available online. The publication, which details the tax-collecting body's activities throughout the year, revealed that high-income Americans are statistically more likely to be audited than taxpayers in lower brackets. Now, a new study conducted by National Taxpayer...
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