Multiple sources have reported that attorney Celia Clark, who formed the micro captive Feedback, for the Avrahamis, has commented on Judge Mark Holmes' decision to deny the motion for reconsideration. She claimed that the IRS has reviewed and approved very similar...
Year: 2017
Individuals can employ strategies to minimize tax liability
Tax planning is something that savvy Georgia residents are aware of year-round, but it becomes especially relevant at the end of the calendar year. For individuals thinking about these issues when the end of the current year approaches, there are a number of things...
Some Suggest Avrahami Motion For Reconsideration drafted in a manner to help future malpractice litigation case against captive promoter
U.S. Tax Court, Judge Mark V. Holmes denied Avrahamis' motion of reconsideration on November 14, 2017. The Avrahamis' first argument was that Feedback, their captive, hired qualified professionals to be sure it operated within the regulatory requirements therefore it...
IRS wins legal battle with Coinbase
Georgia residents may have heard about the crypto-currency called Bitcoin. Even if they haven't heard of it, the IRS certainly has, and the organization has won a court order to get the identities of those who own 14,355 accounts at Coinbase. Those accounts have...
US Tax Court denies Avrahami motion for reconsideration
The Avrahamis' motion for reconsideration was denied by Federal Judge Mark Holmes in November. The court concluded that at least one of the policies was so "ill-drafted" that it was both an occurrence policy and a claims-made policy. The Avrahamis argued, in the...
Hints to make filing taxes easier
The end of the calendar year is generally a time of celebration and cheer for Georgia residents. However, the end of the holiday season usually means the beginning of the tax season. While this may be a busy time for accountants and taxpayers, the IRS has tried to...
What to know about a tax lien
If a Georgia resident fails to pay a federal tax bill in a timely manner, the IRS may place a lien on that person's property. This helps to ensure that the government will get the money that it is owed. Tax liens are only imposed after a taxpayer has been notified of...
Do you owe back taxes to the Georgia Department of Revenue?
Tax law in Georgia can be a complicated matter. If you owe back taxes to the state, the government may begin a collections process to recoup the taxes you owe. There are different types of procedures the Georgia Department of Revenue may use to try to collect on...
The IRS and requesting identity verification
Some people in Georgia might receive a notice from the IRS about verifying a taxpayer's identity. According to one expert, these letters most often indicate that a taxpayer has been the victim of identity theft. However, the IRS may not be easy to deal with. One woman...
The truth about common tax myths
Georgia residents may have firsthand experience with how complicated the federal tax code can be. Such confusion has led to the creation of generalizations or myths that some may have come to take for granted. While it is true that the IRS generally audits those who...