Avoiding Offshore Penalties by Voluntary Disclosure

Robert E. McKenzie Audio Discussion: Avoiding Offshore Penalties by Voluntary Disclosure

Robert E. McKenzie: Audio Discussion of Immigrants Caught up in the New FATCA Law

Immigrants Caught up in the New FATCA Law

2014 IRS Representation Update

 

2014 IRS REPRESENTATION UPDATE ©2014

By: Robert E. McKenzie

1.  A CHANGING IRS

 

IRS Workforce

1.10    Because of Congressional cuts in IRS budgets its workforce continued to shrink until 2008. In 2009 and 2010 the IRS had its budgets grow and its workforce grew. In 2011 the IRS budget was frozen and its workforce shrank. In [...]

7 Million Taxpayers Fail To File Their Income Taxes

7 Million Taxpayers Fail To File Their Income Taxes

IRS Voluntary Disclosure Rules

Tax attorney Robert E. McKenzie discuss IRS voluntary disclosure practice. [...]

Robert E. McKenzie Quoted in Forbes on Secret Israeli Bank Accounts

9-19-13 Robert E. McKenzie Quoted in Forbes on Secret Israeli Bank Accounts

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8-24-12 Robert E. McKenzie Appearance on Money For Lunch Talk Radio

8-24-12 Robert E. McKenzie Appearance on Money For Lunch Talk Radio

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Forbes Quote Regarding Hobby Losses: 7-19-12

And Chicago tax lawyer Robert E. McKenzie, who has defended rich folks claiming losses on everything from deer farms to race horses to yachts, says the Romneys -–despite the fact that Ann Romney’s statements on what dressage has done for her personally suggests lack of profit motive– likely did all the paperwork right and can assert they thought they’d make a profit, even if they never do. “The way I would argue it is `this horse competed in the Olympics and we’ll breed it and make money off the foal’,’’ says McKenzie. “When you’re that rich you can afford to have talented tax [...]

Robert E McKenzie Quoted in Two Forbes Articles on a Supreme Court Tax Case 4-26-12

The taxpayer win in Home Concrete & Supply will have a huge trickle down effect too, not just impacting these cases. Robert McKenzie, tax lawyer with Chicago’s Arnstein & Lehr LLP said four clients of his firm with similar issues would likely reap tax savings approaching $40 million. Indeed, some reports say the case calls into question up to $1 billion in tax revenues. [...]