aallenlenth Archive

How to Reduce Payments to the IRS if You Owe?

How Does the IRS Partial Payment Installment Agreement Work? What’s the first thing that comes to your mind when you get a notice from the IRS saying you owe them a significant amount of tax? You feel like paying them the full amount the next day. While paying the tax debt in one shot may

Significant Changes in New Draft Form 8857

[ad_1] We welcome as her second visit to the blog my colleague in the tax clinic at the Legal Services Center of Harvard Law School, Audrey Patten.  Audrey has developed a significant docket of innocent spouse cases and is currently working with Christine to write the third edition of A Practitioner’s Guide to Innocent Spouse Relief. 

Will Pay-Per-Play (PPP) Work?

Will Pay-Per-Play (PPP) Work? We have all heard of pay-per-click (PPC) and have seen it rise to become the primary form of online advertising in the space of only a few years. Most webmasters carry PPC ads on their sites these days, be it Google or any of the other PPC providers such as Yahoo

CNC Machining

CNC Machining Everything before this topic is preparation. CNC Machining is where the rubber meets the road. All the steps of CNC before machining are just preparing for the machining phase of the project. A simple definition of machining is removing material. You remove material in various ways to come up with the part or

Maximize Your Forex Trading Success With These Helpful Tips

Maximize Your Forex Trading Success With These Helpful Tips Trading well over two-trillion dollars every single day, the Foreign Exchange Market is absolutely enormous. This is why it is so intimidating to new investors. Being a small fish in a gigantic ocean isn’t fun for anyone. Everyone’s trying to eat you. That’s why it’s imperative

“With every move he makes, another chance he takes”

[ad_1] Today we have the pleasure of looking at an IRC 6751(b) opinion written by Judge Holmes.  For long time readers of this blog, the link between Judge Holmes and Graev consequences of not following the statutory language requiring approval of the immediate supervisor are well known.  His warning of Chai ghouls continues to haunt

Cost Segregation – Why isn’t my CPA already doing this?

Cost Segregation – Why isn’t my CPA already doing this? Most commercial property owners, even those who use professional accountants, fail to take advantage of cost segregation, a tax mechanism that could generate substantial savings in federal income taxes. While most accountants are familiar with the approach, some are hesitant to recommend it without a

The Evolving Role of Accountants

The Evolving Role of Accountants With products like Turbo Tax improving, many wonder where this leaves accountants. Ironically, the evolving role of accountants is helping people save on their taxes. The Evolving Role of Accountants Given the fact that paying taxes isn’t the most popular of tasks, most people don’t give much thought to the