Almost for as long as there have been computers, there have been scammers and hackers misusing them for nefarious purposes. That remains true to this day, with new scam tactics arising every day.
In a previous post, we discussed a denied offer in compromise filed by actor Wesley Snipes. He tried appealing, first to the IRS Office of Appeals and then to the Tax Court, but lost his appeals due to specific fact circumstances unique to his case. In this post, we’ll discuss the time frames for general appeals of denied offers in compromise.
How do these topics go together? The French Minister of Action and Public Accounts, Gerald Darmanin, announced that its IRS-equivalent tax enforcement agency will start searching social media as it cracks down on tax fraud. Here in the U.S., the Criminal Investigation division of the IRS (IRS-CI) also reviews social media when building tax fraud cases.
The IRS scored much more than a glancing blow to former action movie powerhouse actor Wesley Snipes this week, with the Tax Court sustaining the Service’s rejection of a lowball offer in compromise settlement. Snipes owes more than $23.5 million in back taxes to the government, dating back to between 1999 and 2006, a period during which he made approximately $40 million but paid no taxes (he also didn’t file tax returns during that time).
The 2017 Tax Cuts and Jobs Act dramatically changed the way Americans handle taxes. In addition to doubling the standard deduction and lowering the deductability of state and local taxes (SALT) funds, other changes exist as well, all of which might affect you come tax time.