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Understanding the X-Date: How the IRS Funding Increase Helps Forecast the Nation's Financial Position


Understanding the X-Date: How the IRS Funding Increase Helps Forecast the Nation's Financial Position

Learn how the recent funding increase for the IRS is providing policymakers with a more precise picture of the X-Date, the point when the US Treasury will run out of money if the government cannot take on more debt. Experts explain how the latest IRS data is invaluable for understanding the nation's financial position during the debt ceiling debate, and warn that the debt ceiling brinkmanship is a national security issue.

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In a Criminal Tax Case the Taxpayer Must Press His Statute of Limitation Defense at Trial or It Will Be Waived


In a Criminal Tax Case the Taxpayer Must Press His Statute of Limitation Defense at Trial or It Will Be Waived

The statute of limitations for crimes in violation of the income tax laws is generally six years. However, the taxpayer cannot rely upon the statute of limitations as a defense if the taxpayer's counsel is asserting the statute of limitations defense for the first time on appeal. The taxpayer must press the statute of limitations defense during the trial.

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Tax Return Preparer Wins Federal Criminal Tax Trial in Stunning Fashion


Tax Return Preparer Wins Federal Criminal Tax Trial in Stunning Fashion

Sergio Gardea an accountant and tax return preparer with offices in Akron and Canton, Ohio prevailed in his federal jury trial in dramatic fashion with an unanimous NOT GUILTY verdict on all counts. Mr. Gardea had been charged with 30 counts of willfully filing false tax returns for clients. During the trial 9 counts were dismissed by the government and the jury found Mr. Gardea NOT GUILTY on all 21 counts remaining.

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