Archive for October 2023

IRS 2023 Dirty Dozen – Scam #10:   The Internal Revenue Service cautioned taxpayers to resist questionable tax practitioners and independent promoters selling schemes aimed at wealthy taxpayers. (Part B) As part of the IRS annual Dirty Dozen, these potentially abusive arrangements involve things like Charitable Remainder Annuity Trusts and monetized installment sales. These tools can be…

IRS 2023 Dirty Dozen – Scam #10:   The Internal Revenue Service cautioned taxpayers to resist questionable tax practitioners and independent promoters selling schemes aimed at wealthy taxpayers. (Part A) As part of the IRS annual Dirty Dozen, these potentially abusive arrangements involve things like Charitable Remainder Annuity Trusts and monetized installment sales. These tools can be…

IRS 2023 Dirty Dozen – Scam #9: Watch out for Offer in Compromise ‘mills’ wherepromoters claim their services are needed to settle IRS debts (Part B) WHAT TO WATCH OUT FOR: OFFER IN COMPROMISE MILLS An Offer in Compromise (OIC) is when the taxpayer works with the IRS to settle a taxdebt for less than…