Audit Defence. Legal news and articles for July 27 - 31, 2015

Upper East Side doctor and his lawyer wife sentenced to prison for scamming IRSIRS Audit Period Just Doubled From Three Years To SixAnchor denies sham Porsche sale; congressman husband chargedFederal judge threatens to hold IRS's Koskinen, Justice Dept. attorneys in ...Tax Court Clarifies NIMCRUT Valuation RulesQ&A: How to present your prices to customersJulie Jason: Gift-tax information sparks questions from readersTea Party farmer: IRS watchdog still probing audit of meIRS commissioner needs to goScam PACs keep money churning, but not to candidatesScam PACs keep money churning, but not to candidatesThe feds just indicted Rep. Chaka Fattah (D-Pa.). It's been a long time coming.Libel lawsuit continues between former Troup County commissioner, West Point ...IRS Documents: Renegade Tax Agency Used Donor Lists to Steer Audits - BreitbartThe Stonewall at the Top of the IRS

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A Review of Recent Whistleblower Developments | Foley & Lardner LLP - JDSupra
JD Supra (press release)July 9, 2015

SEC Awards Another Whistleblowing Compliance Officer; Sixth Circuit Adopts Lenient Standard for SOX Whistleblowers; Tax Court Rules IRS Wrongly Denied Whistleblower Claims as Untimely; Whistleblower Cut From $322M False Claims Act Case for Providing ...more »

No more determination letters? What are plan sponsors to do? - Lexology
Lexology (registration)July 24, 2015

The Internal Revenue Service has just announced that it is not only discontinuing its requirement that individually-designed plans seeking approval be reviewed for new determination letters every five years, but it will no longer review these plans ...more »

Audit Defence. News and Stories

Upper East Side doctor and his lawyer wife sentenced to prison for scamming IRS
New York Daily NewsJuly 31, 2015

An Upper East Side doctor and his wife are headed to prison for performing unnecessary procedures on their tax returns. Dr. Jeffrey Stein and his lawyer wife Marla were sentenced to 18 months and a year in prison Friday for cheating the IRS. “You're ...more »

IRS Audit Period Just Doubled From Three Years To Six
ForbesJuly 31, 2015

No one wants to be audited, and knowing how long your tax return can be attacked is important. Most people know that the IRS statute of limitations is usually 3 years. But there are many exceptions that give the IRS 6 years or longer. And one of those ...more »

Anchor denies sham Porsche sale; congressman husband charged
Junior CollegeJuly 31, 2015

News reports on Thursday indicated that an audit of a former charity overseen by Nicholas, which handled hundreds of thousands of dollars in federal grants later used to pay campaign debts, was what triggered an investigation. House Minority Leader ...more »

Federal judge threatens to hold IRS's Koskinen, Justice Dept. attorneys in ...
American Thinker (blog)July 30, 2015

He asked the IRS' Justice Department lawyer Geoffrey Klimas, “Why didn't the IRS comply” with his court order and “why shouldn't the Court hold the Commissioner of the IRS in contempt.” Judge Sullivan referenced his contempt findings against Justice ...more »

Tax Court Clarifies NIMCRUT Valuation Rules
ForbesJuly 30, 2015

In a recent case, the Tax Court held that “that the value of the remainder interest of a NIMCRUT must be calculated using the greater of 5% or the fixed percentage stated in the trust instrument.” Here are the simplified facts, culled from the court's ...more »

Q&A: How to present your prices to customers
Journal of AccountancyJuly 30, 2015

“Contract” conjures up images of lawyers and courts and all sorts of things. Another tip: Don't ... So if something comes up during the year that's not in this fixed-price agreement—like an IRS audit, for instance—then the clause triggers a change ...more »

Julie Jason: Gift-tax information sparks questions from readers
Salt Lake TribuneJuly 30, 2015

Because the operation of the gift tax and the estate tax are connected, a previously undisclosed gift may be discovered by the IRS if and when the estate tax return is audited by the IRS. This leaves the donor vulnerable to a challenge by the IRS to ...more »

Tea Party farmer: IRS watchdog still probing audit of me
Washington ExaminerJuly 30, 2015

According to Boneta, the IRS held the first audit open for two years seeking "reams and reams" of information that forced her to spend thousands of dollars on copying alone, as well as on private attorney and accounting fees. The IRS eventually fined ...more »

IRS commissioner needs to go
Sidney Daily News (subscription)July 29, 2015

A taxpayer would never get away with treating an IRS audit the way that IRS officials have treated the congressional investigation. Civil officers like Mr. ... a public hearing earlier this year. If a lawyer makes a false statement to a court, he has a ...more »

Scam PACs keep money churning, but not to candidates
Center for Responsive PoliticsJuly 29, 2015

... said Brett Kappel, a Washington, D.C.-based lawyer and expert on election law. “A charity that reported such high fundraising costs relative to contributions made would face a serious risk of an IRS audit.” Mackenzie did not respond to requests for ...more »

Scam PACs keep money churning, but not to candidates
Center for Responsive PoliticsJuly 29, 2015

... said Brett Kappel, a Washington, D.C.-based lawyer and expert on election law. “A charity that reported such high fundraising costs relative to contributions made would face a serious risk of an IRS audit.” Mackenzie did not respond to requests for ...more »

The feds just indicted Rep. Chaka Fattah (D-Pa.). It's been a long time coming.
Washington PostJuly 29, 2015

In January 2014, a U.S. Justice Department audit uncovered that nearly half of the $771,000 in federal funds a Philadelphia nonprofit group had received through earmarks secured by Fattah went to the Philadelphia Safety Net. That nonprofit group had ...more »

Libel lawsuit continues between former Troup County commissioner, West Point ...
LaGrange Daily NewsJuly 29, 2015

McClellan is the author of the Facebook page “Troup County Citizen,” and a frequent commenter on LaGrange Daily News websites, according to documents filed by Wolfe's attorney, Thomas Greer of the Carrollton law firm Greer Jackson Tisinger. ... A Daily ...more »

IRS Documents: Renegade Tax Agency Used Donor Lists to Steer Audits - Breitbart
Breitbart NewsJuly 28, 2015

The documents also show that IRS officials specifically highlighted how the U.S. Chamber of Commerce may come under “high scrutiny” from the IRS. We forced these records out through a Freedom of Information lawsuit seeking documents about the ...more »

The Stonewall at the Top of the IRS
Wall Street JournalJuly 27, 2015

Despite all this—an internal IRS preservation order, a congressional subpoena, and knowledge about Ms. Lerner's hard-drive and email problems—the Treasury inspector general for tax administration discovered that the agency on March 4, 2014, erased ...more »

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