Jump to Navigation
Over 30 Years of Experience handling tax controversies & tax disputes

November 2011 Archives

IRS not offering much guidance for married same-sex tax payers

The Internal Revenue Service is not known for making things easy on taxpayers. This is certainly true when it comes to same-sex couples who need to file taxes in Massachusetts. The reason the problem is so confusing for many is that the federal government does not yet recognize same-sex marriages or civil unions. And this lack of recognition applies to the IRS as well.

IRS targets Sherwin-Williams

If the Sherwin-Williams Company was not already aware, it is finding out now that dealing with the IRS can be difficult, as many Massachusetts residents surely know. In late October, the company said that it will log a $75 million charge in the fourth quarter. The charge is linked to a settlement Sherwin-Williams reached with the IRS over federal tax deduction claims related to the company's employee stock ownership plan. According to Sherwin-Williams, the charge amounts to 72 cents per share and will lessen shareholders' equity by about $51.2 million in the fourth quarter. The IRS took issue with the tax deductions Sherwin-Williams claimed, demanding that the company pay sizable penalties and excise taxes.

IRS revokes nonprofit status on historic Massachusetts museum

Massachusetts residents may be interested in a case involving the revocation of an organization's nonprofit status. The Marine Museum, which was established back in 1968, has lost its nonprofit status with the IRS for not complying with federal regulations pertaining to filing. The museum initially exhibited items that had been donated to it, including models from the original U.S.S. Titanic 1953 film and replicas of the Fall River Line steamers.

Tax crimes plea in federal court for former D.C. tax examiner

Massachusetts readers may be interested in the effect of a 2007 incident of tax fraud worth $48 million, which led Washington, D.C., to implement "enhanced control techniques" intended to detect any fraudulent tax-related activity in the future. These measures recently played a part in the discovery of a four-year tax refund scheme enacted by a tax examiner who worked for the District of Columbia Office of Tax and Revenue (DCOTR). The incident resulted in more than $400,000 essentially stolen from taxpayers. The 47-year old woman who was charged recently pled guilty to wire fraud in a Washington, D.C., federal court.

Have a Question? Ask an Attorney:

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close
Visit Our
Tax Law Website
Contact Information

Levins Tax Law, LLC
1671 Worcester Road, Suite 304
Framingham, MA 01701

Framingham Law Office Map

Levins Tax Law, LLC
38 Newbury Street, 6th Floor
Boston, MA 02116

Boston Law Office Map
By Appointment Only

Phone: 508-435-0118
Toll-Free: 888-333-9501
Fax: 888-333-0291