1. IRS Gets Involved In Monitoring Municipal Bond Transactions
(Matching tags: Internal Revenue Service,IRS,municipal bonds,regulation)

The IRS put together a team in February to investigate municipal bond transactions. It is interviewing its Tax-Exempt Bond personnel about questionable transactions involving possible bid rigging ...

2. Martin Shenkman's Two 2012 Tax Errors To Avoid
(Matching tags: IRS)

New Jersey tax attorney Martin Shenkman is one of the gurus of every aspect of planning that touches on the IRS code. When I saw his "two tax mistakes to avoid," I had to pass them on.  ...

3. Boston Advisor Found $50 Million In Fake Refunds For Clients, Tried To Pay His Own IRS Bill With Fake Checks
(Matching tags: IRS)

An especially ambitious advisor has been convicted on nine tax counts as well as contempt of court for filing fake IRS returns for his clients while skipping his own taxes.  ...

4. IRS Extends Theft-Loss Deduction Safe Harbor For Ponzi Scheme Losses
(Matching tags: IRS)

Investors conned into Ponzi-scheme losses used to be out of luck in claiming theft-loss deductions if the scheme leader died before a criminal conviction. New IRS revisions of Revenue Procedure 2009-20, ...

5. Cut Your Clients' And Your Own Personal Income Taxes!
(Matching tags: year end tax planning,Internal Revenue Service,IRS,tax planning,financial planning)

By taking a look at your (or your clients’) tax situation now, you might be able to reduce the bite Uncle Sam takes out of your hard-earned savings.  Below is a handy checklist:

6. One-Time Financial Planner Arrested For Tax Evasion
(Matching tags: IRS)

A high-rolling insurance agent who did some planning on the side told the IRS for five years in a row that he earned no commissions whatsoever. He's since been arrested.  ...

7. With Tax Law Changes So Uncertain, How Should Advisors Approach Year-End Tax Planning?
(Matching tags: year end tax planning,estate planning,Internal Revenue Service,IRS,planning,tax planning,Congress)

With the time for year-end tax planning upon us, advisors should step back, get some perspective, and ask themselves. With so much uncertainty about how tax laws might change in the months ahead, how ...

8. The Special Needs Trust Exception
(Matching tags: trusts,IRS,tax planning)

In PLR 201116005, the Internal Revenue Service demonstrated a trait that is not at the forefront of most taxpayer’s minds: compassion. 

9. IRS Offers Forgiveness For Missed SEPP Distribution
(Matching tags: IRA,SEPP,IRS,tax planning)

In a surprising decision by the IRS, a taxpayer who did not take the full amount of a series of equal periodic payments (SEPP) was not considered to have modified the SEPP, saving the taxpayer a 10% early ...