Tax Problem Attorney Blog

The California Franchise Tax Board (FTB) joined with the California Tax Education Council (CTEC) to warn taxpayers about unregistered tax return preparers. In California only certified public accountants (CPA), attorneys, Internal Revenue Service enrolled agents, and CTEC-Registered tax return preparers are legally permitted to charge for preparing tax returns. According to the FTB it is believed that there are 3,000 to 4,000 tax return preparers throughout California breaking the law. The FTB then set forth some signs that should set off alarm bells. For example if a tax preparer:

Claims to be a registered tax preparer but is not listed on CTEC’s Website.
Fails to give you a name, address, phone number, and bond information.
Refuses to sign your tax return.
Asks you to sign a blank tax form.
Refuses to provide copies of any documents you have signed.
Promises a refund, without even looking at your tax information.
Charges a fee based on a percentage of your refund.

If you are a tax return preparer who has been unjustly accused by the IRS or the Franchise Tax Board of filing improper tax returns call Los Angles, California State Bar Certified Tax Specialist Dennis Brager.

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Posted In: California Franchise Tax Board , Miscellaneous Tax Information

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California Certified Tax Specialist Dennis Brager the founder of the Brager Tax Law Group, a P.C. , was quoted in an article published in the March 7, 2008 edition of the Los Angeles and San Francisco Daily Journal, a leading California legal publication. The article discussed a new law which provides tax benefits for federal judges who sell their proposal to avoid recusals. Specifically Internal Revenue Code § 1043 provides that certain government officials such as federal judges including United States Tax Court judges who sells property to avoid conflict of interest rules may defer gain on the property if they acquire certain replacement property until the replacement property is sold.

If you have a tax problem and would like to have your case heard in the United States Tax Court, call tax litigation attorney Dennis Brager.

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Posted In: Miscellaneous Tax Information

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The Internal Revenue Service ("IRS") has released Notice 746 which provides information about penalties and interest, and lists the latest interest rates. According to the notice interest rates will go down one percentage point in January.

Not surprisingly the IRS generally pays 1% less on money it owes to taxpayers (overpayments) then it expects taxpayers to pay to it (underpayments). Interest is compounded daily, and is in addition to penalties. The interest rates on underpayments and overpayments are as follows:

Different rates may apply to corporations, or to certain tax motivated transactions. If you owe the IRS more than $75,000 and would like to find out if you can settle for less with the IRS contact tax problem attorney Dennis Brager.

Posted by Dennis N. Brager | Permalink | Email This Post

Posted In: Miscellaneous Tax Information

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