Audit Defence. Legal news and articles for March 22 - 31, 2017

Should I Hire a Tax Lawyer?Trump, time to end outsourcing ... at the IRSRunning late with your 1040? Get an extensionGet Started: Running late with your 1040? Get an extension7 tax mistakes that will get you auditedHow to Drain the Swamp? Use a FlashlightLETTER: Trump tax returns are essential to understanding any conflicts of interestIRS to Begin New Procedure for Initiating Tax-Exempt Bond AuditsAlston & Bird Sued: Client Alleges Bad Advice, Cover-up Led to $7.6M Tax BillAlston & Bird Sued: Client Alleges Bad Advice, Cover-up Led to $7.6M Tax BillScott: IRS Should go After Developer, Lawyers in DC Bond DealAlston & Bird Sued Over Bad Advice and Cover-up That Cost Client $7.6 MillionGawker reportedly in talks with Peter Thiel on bankruptcy settlement that would protect the website from future ...Seven red flags that could lead to an IRS audit: NerdwalletOil investor Zukerman gets almost six years for tax evasion

Top Picks in News

Pence jokes with 'enemy of the people' at Gridiron Dinner
WPXI PittsburghMarch 6, 2017

Denise Grab, a lawyer with New York University Law School's Institute for Policy Integrity, said Gorsuch has a "mixed bag" of rulings related to public lands and the environment, yet seems "unusually eager to throw roadblocks in the way of public ...more »

Blind Sheikh's Lawyer Lynne Stewart Dies at 77
Daily BeastMarch 8, 2017

Radical leftist lawyer Lynne Stewart died at her home in Brooklyn on Tuesday at the age of 77. She was reportedly diagnosed in 2014 with breast cancer, and, at the time, a doctor gave her 18 months to live. Her family told The New York Times that ...more »

Audit Defence. News and Stories

Should I Hire a Tax Lawyer?
Motley FoolMarch 31, 2017

You never know when you might encounter a complicated tax situation, and while you can sometimes go it alone, in certain cases, you'd be much better off enlisting the help of a personal tax attorney. Because taxation law is extremely complex, a lawyer ...more »

Trump, time to end outsourcing ... at the IRS
The Hill (blog)March 29, 2017

In short, the IRS hired a firm with a partner who represented all of Microsoft's leading competitors and fought Microsoft in court ... to audit Microsoft! You don't have to be a Microsoft fan to see this is a bad idea! It's like hiring Pepsi's lawyers ...more »

Running late with your 1040? Get an extension
Salt Lake TribuneMarch 27, 2017

And anyone who's still hoping to get invoices, receipts and bank statements to their tax preparers at this point may find they can't get an appointment — it's crunch time for accountants and tax lawyers, too. An extension of the filing deadline will ...more »

Get Started: Running late with your 1040? Get an extension
The RepublicMarch 27, 2017

And anyone who's still hoping to get invoices, receipts and bank statements to their tax preparers at this point may find they can't get an appointment — it's crunch time for accountants and tax lawyers, too. An extension of the filing deadline will ...more »

7 tax mistakes that will get you audited
MarketWatchMarch 27, 2017

An audit is simply the IRS double-checking your numbers to make sure you don't have any discrepancies in your return. If you're telling ... A lawyer who paints for fun and doesn't turn a profit on the works couldn't claim art supplies as a deduction ...more »

How to Drain the Swamp? Use a Flashlight
Justia VerdictMarch 27, 2017

Maybe full disclosure of the emails and notes of the DOJ lawyers will reveal that Lois Lerner acted completely above board and did nothing to tilt the IRS against conservative groups. If so, that would be great. We could renew our faith that the IRS is ...more »

LETTER: Trump tax returns are essential to understanding any conflicts of interest
The Daily FreemanMarch 26, 2017

Russian President Vladimir Putin should use his superior hackers to hack the IRS or Trump's lawyer's files to help American citizens. I could ... No one, including the president, is above the law and, hence, the Congress or the judiciary of this ...more »

IRS to Begin New Procedure for Initiating Tax-Exempt Bond Audits
JD Supra (press release)March 25, 2017

Under the new procedure, an examiner will send an advisory letter notifying the issuer that a specific bond issue has been selected for audit and that the examiner will contact the issuer by telephone ten days after the date of the letter. ... If an ...more »

Alston & Bird Sued: Client Alleges Bad Advice, Cover-up Led to $7.6M Tax Bill
Daily Report (registration)March 23, 2017

MSouth Equity Partners filed the legal-malpractice suit against Alston to claw back more than $7.6 million in federal and state taxes and interest the investment firm said it was forced to pay to the IRS following a 2011 investment deal involving ...more »

Alston & Bird Sued: Client Alleges Bad Advice, Cover-up Led to $7.6M Tax Bill
Daily Report (registration)March 23, 2017

An Atlanta-based private equity investment firm is suing longtime legal counsel Alston & Bird over claims that Alston lawyers provided bad legal advice based on a multimillion-dollar math error—then allegedly attempted to cover it up. ... In addition ...more »

Scott: IRS Should go After Developer, Lawyers in DC Bond Deal
Bond BuyerMarch 23, 2017

WASHINGTON – The District of Columbia is appealing the Internal Revenue Service's finding that some of its bonds are taxable, at the same time a former IRS official is urging the agency to go after the developer and bond counsel in the transaction.more »

Alston & Bird Sued Over Bad Advice and Cover-up That Cost Client $7.6 Million
Daily Report (registration)March 23, 2017

MSouth Equity Partners filed the legal-malpractice suit against Alston to claw back more than $7.6 million in federal and state taxes and interest the investment firm said it was forced to pay to the IRS following a 2011 investment deal involving ...more »

Gawker reportedly in talks with Peter Thiel on bankruptcy settlement that would protect the website from future ...
Daily MailMarch 23, 2017

Thiel, the billionaire co-founder of Paypal, later revealed that he had funded the lawsuit out of a decade-old grudge against the site for outing him as gay. Sources tell the New York Post that Gawker's lawyers recently had talks with Thiel's ...more »

Seven red flags that could lead to an IRS audit: Nerdwallet
cleveland.comMarch 22, 2017

To be eligible for a deduction, purchases must be 1) ordinary and 2) necessary to your line of work. A professional artist could claim paint and paintbrushes because such items meet both requirements. A lawyer who paints for fun and doesn't turn a ...more »

Oil investor Zukerman gets almost six years for tax evasion
Accounting TodayMarch 22, 2017

(Bloomberg) Oil industry investor Morris Zukerman was sentenced to 70 months in prison for evading $45 million in taxes, a scam that included a bogus $1 million charitable donation and fibs to his own accountants. He was also fined $10 million. "I ...more »

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