A quarterly magazine from the National Association of Enrolled Agents
Spring 2024 vol.42 no.1
When Your Client Says, “I’ll Fake a Receipt.”
Feature Article

When Your Client Says, “I’ll Fake a Receipt.”

You are representing a long-time client in an Internal Revenue Service (IRS) audit. You just received a Form 4564, Information Document Request (IDR), from the IRS. The IDR is focusing on his Schedule C business expenses. You call the clie... Daniel N. Price

Nov/Dec 2022, Feature Article, earned income tax credit, EITC, §6663, document, Form 4564, Eze, §7207, fraud, Schedule C
The PTC, Itemized Deductions, Employer Leave-Based Donation Programs, Tracking Refunds, and Bribes
Tax News Briefs

The PTC, Itemized Deductions, Employer Leave-Based Donation Programs, Tracking Refunds, and Bribes

Premium Tax Credit Regulations Amended Wages are deductible by a C corporation in computing taxable income, but dividends are not. In a closely held corporation, the owners might decide to take ... TheTaxBook

July/Aug 2022, Tax News Briefs, §63(e)(2), business expense, §36B, employer leave-based donation program, premium tax credit, Ukraine, ACA, temporary protected status, c corporation, PTC, §170(c), refund, Health Insurance Exchange, bribe, Tax Court, Executive Order 14009, Thailand, property, Strengthening Medicaid and the Affordable Care Act, Form W-2, §36B(c)(2)(C)(i), §63(e)(1), §6663
Tax Evasion and Fraud: The Enrolled Agent’s Role
Feature Article

Tax Evasion and Fraud: The Enrolled Agent’s Role

Taxpayer A, who is being audited by the Internal Revenue Service (IRS), comes to you seeking assistance. The problem, she says, is that she reported $20,000 in bogus expenses in each of two years during which she had tried to launc... Rod Monger, EA

Jan/Feb 2022, Feature Article, §7203, §7201, §7204, IRM, §6050I, Internal Revenue Manual, criminal, fraud, §6663, §7525, civil
Assessable Penalties and Abating Them
Feature Article

Assessable Penalties and Abating Them

The United States federal tax system operates on a system of somewhat voluntary compliance. However, human nature being what it is, a voluntary system without a means of enforcement lends itself to fraud, ignorance, and disregard. I... David Woods, EA

Sept/Oct 2021, Feature Article, abatement, §6651(a), §6038D, §6651(a)(1), §199A, §6651(a)(2), penalties, §6663, fraud, Form 926, §6038, Form 5471, §6662, Form 8865, accuracy-related penalty, Form 3520, Form 8858, Form 3520-A, Form 8938, §6662(j)