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From the monthly archives:

August 2009

IRS: Tax Levy

by taxnick on August 30, 2009

From the IRS:
A levy is a legal seizure of your property to satisfy a tax debt. Levies are different from liens. A lien is a claim used as security for the tax debt, while a levy actually takes the property to satisfy the tax debt.
If you do not pay your taxes (or make arrangements to [...]

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Texas Tax Litigation

by taxnick on August 30, 2009

Texas Tax Lawyer Kenneth L. Sheppard, Jr. represents clients throughout Dallas, Houston, San Antonio, the state of Texas, and across the United States.
Tax Attorney Kenneth Sheppard assists individuals as well as businesses in resolving federal tax issues.  If you need prior year tax returns prepared, I can help you.  If you want to settle your [...]

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Tax Penalties and the Health-Care Bill

by taxnick on August 26, 2009

Two tax provisions in the health-care bill voted on by the House Ways and Means Committee earlier this summer have gained significant attention. One would impose a surtax on high-income earners. The other would force individuals (or their employers) who do not have approved health-insurance plans to pay a tax penalty. But there are other [...]

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The Internal Revenue Service’s investigations into alleged tax violations by two Minnesota-based churches, Living Word Christian Center (LWCC) and Warroad Community Church, have been thwarted by internal procedural problems.
These cases highlight the special tax-exempt status churches receive by law, but they also underscore problems at the IRS. In effect, the IRS has been unsuccessful in [...]

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Not Sure Why the IRS Has a Problem with You?

by taxnick on August 22, 2009

Use Our IRS Investigation Service
Many people who come to Sheppard Law Offices with a tax problem have had that particular problem for a number of years. They may not remember the initial cause of their tax dispute, so even if they would want to challenge the IRS, they don’t know where [...]

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Excerpt from: Informant in UBS Tax Evasion Case Sentenced to 40 Months in Prison
If not for banker Bradley Birkenfeld, “a massive tax fraud scheme” by Switzerland’s UBS bank to hide the assets of wealthy Americans from U.S. tax collectors would never have been uncovered, prosecutors told a Fort Lauderdale, Fla., federal judge.
Birkenfeld’s attorney said his [...]

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A little-publicized ruling in a recent case involving the Internal Revenue Service is causing lawyers for big companies some sleepless nights the WSJ reports.
Last week, in a widely anticipated ruling, a federal appeals court in Boston said the IRS could gain access to documents created by a defense-contracting firm to determine whether the company’s calculation [...]

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From the IRS:

The Internal Revenue Service and the Department of Justice today announced the successful negotiation of an agreement that will result in the IRS receiving an unprecedented amount of information on United States holders of accounts at the Swiss bank UBS.
As a result of this agreement, the IRS will receive substantially all of the [...]

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150 Being Investigating for Concealing Assets

by taxnick on August 18, 2009

More than 150 UBS AG clients in the U.S. are under investigation for concealing income and assets offshore at the bank, a prosecutor said in a court filing.
The scope of the investigation was disclosed today in a memo recommending that former UBS banker Bradley Birkenfeld serve 30 months in prison for conspiring to help wealthy [...]

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PA Tax Relief Delay Leading to Layoffs

by taxnick on August 18, 2009

Mayor of Philadelphia said he would lay off 12 city workers, delay a class of police cadets and cut back hours at the 3-1-1 non-emergency call center to deal with a $20 million budget shortfall.
Nutter said the cuts, which take effect at the end of the month, are due to a delay in getting state [...]

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