Tag Archives: Tax

UBS and the IRS’ Voluntary Disclosure Program

Posted on17. Aug, 2009 by Stefani.

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John McCarthy, a California businessman, became the 4th person to be charged in the UBS tax-evasion case. According to the plea agreement, Mr. McCarthy used his UBS account to transfer over $1 million from his California firm. He admitted to not paying at least $200,00 in federal income taxes.
McCarthy was one of about [...]

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The Difference Between Tax Preparers and Tax Professionals

Posted on14. Aug, 2009 by Stefani.

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On a trip to Starbucks, in the midst of tax season, I noticed there was a guy basically running his tax preparation business from the coffee shop, fully-equipped with a printer and all! After being overcome with fascination, I decided to go over and chat with him.
During the course of our conversation, I learned [...]

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Home Office Tax Deduction

Posted on01. Jul, 2009 by Stefani.

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After having the home office tax deduction come up in three separate conversations in the same week, I’ve realized that some people are really misinformed when it comes to the rules on who gets to deduct expenses for a home office.  So, I’ve decided to write a post to hopefully shed some light and clear [...]

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IRS to Launch Tax Return Preparer Review

Posted on04. Jun, 2009 by Stefani.

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Today, IRS Commissioner Doug Shulman announced that by the end of 2009 he will propose a comprehensive set of recommendations to assist the IRS in better leveraging the tax return preparer community with the two main objectives being to increase tax return preparer compliance and to ensure uniform and high ethical standards of conduct for [...]

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