Posts Tagged ‘tax gap’

A Kindler, Gentler IRS? I’ll Believe it When I See It!

Thursday, January 8th, 2009

In her recent report to Congress, National Taxpayer Advocate Nina Olson urged the Internal Revenue Service to take steps to ease the tax burden on Americans hit by the recession and consider the economic circumstances of a taxpayer before initiating “enforcement actions.”
As I’ve said before, the IRS will continue to aggressively pursue tax collection compliance, despite the prevailing harsh economy. The IRS is under increasing pressure to track down the
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Expert Tax Advice for Stimulating Your Finances

Tuesday, October 14th, 2008

With the volatility of the current market, I have been asked for a lot of advice on how to offset losses. When I was on Financial Lifeline Radio, I told hosts Dave Harbison and John March that your individual situation is really what will dictate how you handle your investments. Some people will indeed just ride it out.
But overall, I think it is advisable to be prudent and reasonable with
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October Tax Expert Media Appearances

Sunday, October 12th, 2008

It’s been another busy month with lots of people asking the tax expert for advice with the October 15 tax extension deadline coming up. I’ve also been asked to share my opinions on the growing tax gap and the proposed bailout plan.
Check back often for updates and media excerpts! Also check out my previous media appearances and interviews.
October 1 WVOX 1460 (New Rochelle, NY), Good Morning Westchester with host Bob Marrone
October 1 WMBS 590 AM
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Closing the Tax Gap Could Pay Back $700 Billion Bailout in 2 Years

Friday, October 10th, 2008

Closing the $345 billion tax gap could help us cope with the proposed $700 billion bailout without costing Americans another dime. The last time the IRS estimated the tax gap was in 2001, and most tax experts agree that today’s figure is much greater, despite the agency’s push to increase tax compliance. Even though the IRS has spent several years aggressively taking action against tax cheats and tax promoters, what we are seeing today is a growing tax gap
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