Archive for December, 2009

IRS Audits of Tax-Exempt Organizations

Friday, December 18th, 2009

IRS Audits of Tax-Exempt Organizations
Written by Bruce Hopkins, the foremost expert on nonprofit law, this is your complete analysis of the procedures and practices of the IRS in its audits of tax-exempt organizations. Practical in presentation, this book offers advice on undergoing audits, details today’s exempt organizations’ issues, and authoritatively examines detailed documentation and citations, as well as numerous case studies, tips, forms, and checklists.

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Austin Corporate Law Attorney Texas Tax Litigation Lawyer TX

Friday, December 18th, 2009

http://www.johnmcduff.com Tax law attorney John McDuff provides experienced representation in tax law, serving Austin and Central Texas. Contact the Austin Texas law firm of John McDuff, Attorney at Law at 512.457.1177.

Duration : 0:1:23

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Texas Tax Litigation Attorney – Fraud Defense Ft Worth TX – Lawrence Brown

Friday, December 18th, 2009

FORMER DEPT. OF JUSTICE TAX DIVISION TRIAL ATTORNEY http://www.browntax.com/
The Law Offices of Lawrence Brown is a nationwide practice based in the Dallas-Fort Worth area. Lawrence Brown is a former Department of Justice Tax Division trial attorney with 20 years of experience in IRS tax controversies, and he has spent the last 15 years representing taxpayers in private practice. He has tried more than 500 cases to verdict, including over 100 jury trials. His background in the technical aspects of tax law and litigation is the common thread of his practice areas: Tax Controversies and Tax Planning, Wills Trusts and Asset Protection, Business Consulting and Commercial Litigation, White Collar Criminal Defense and Corporate Compliance.

Duration : 0:1:22

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Surviving an IRS Tax Audit : IRS Audit: Proving Expenses

Friday, December 18th, 2009

A calendar or log book is a good backup if you don’t have receipts for items the IRS asks for. Learn what to do if the IRS audits your taxes in this free personal finance video from an experienced accountant.

Expert: Edie Thomas
Contact: www.cmccpas.com
Bio: Diana Crawford is a CPA with more than 20 years of public accounting experience. She is a graduate of Georgia State University with a bachelor’s degree in accounting.
Filmmaker: Edie Thomas

Duration : 0:2:8

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Asset Forfeiture (Part 2 – Rocco Cleveland)

Friday, December 18th, 2009

In 2001, Ontario’s Progressive Conservative government introduced legislation to allow the Crown to confiscate property that might one day be used in a crime, or that might have been purchased with the proceeds of a crime.

Before the bill was made law, and before hearings were held to get public input on the bill, Freedom Party of Ontario’s Paul McKeever appeared on Rhonda London Live to discuss the legislation (see Part 3). He was preceded on the show by Dr. Margaret Beare, Director, Nathanson Centre for the Study of Organized Crime at York University (see Part 1); and by then Staff Superintendent Rocco Cleveland, Head of Detective Support for the Toronto Police Service (this part).

Duration : 0:18:2

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Why are Americans opposed to a flat tax and Loser pays in litigation?

Friday, December 18th, 2009


I like the flat tax as long as it’s even across the board—no exemptions, no loopholes. We could get rid of half of the people working for the IRS and I wouldn’t have to pay an accountant to fill out all of the forms to comply with complicated tax laws.

I have mixed feelings about Loser pays litigation. If a person has a ligitimate issue and they hire a lawyer to sue a large company, what if the large company has a team of lawyers and wrongfully wins? The person would go bankrupt paying for the large company’s lawyer fees. The thought of losing everything that a person has worked for their whole life might discourage legitimate cases. Perhaps this isn’t the way this works though and I’m missing something.

I am also for the Fair tax system. The IRS would no longer withhold our money from our checks but we’d pay a national sales tax.

http://www.fairtax.org/site/PageServer

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how long u keep financial records for IRS audits, etc. for the deceased?

Friday, December 18th, 2009

my sister says all check stubs, cancelled checks, bank statements, etc. should be kept 7 years in case of an IRS audit for a deceased person. The banks involved and the Social Security Administration told me all papers were officially trash as of the date of death except those papers and records needed to file the 2009 tax return.

Sis is right and the things said by the bank and SSA border on negligence! I would save at least the last three years plus the final one and estate tax return if filed or needed for 5 years or so.

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