Tag Archives: Tax Law


Portrait of Howard L. Richshafer

By Howard L Richshafer:  November 4, 2016 If it sounds too good to be true, it probably is! In recent years, thousands of people have lost millions of dollars and their personal information to tax scams and fake IRS communications. …

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New IRS Partnership Audit Rules: Are Your Partnerships and LLC’s Ready?

Portrait of Howard L. Richshafer

August 2, 2016 The 2015 Bipartisan Budget Act (the “BBA”) was signed into law in November 2015. BBA made significant changes to the way IRS will audit partnerships for partnership tax years beginning after December 31, 2017. Members of LLC’s …

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IRS Agents Arrest Five Phone Scammers

Portrait of Howard L. Richshafer

At long last, agents of the Treasury Inspector General for Tax Administration (or “TIGTA”) arrested five individuals who impersonated IRS employees and demanded payments from taxpayers.  They were arrested in Miami and will be charged with the following federal crimes:  …

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Roccina S. Niehaus to Present at “Obergefell’s Implications for Fair Housing” Seminar

Portrait of Roccina S. Niehaus

On April 6th, Roccina S. Niehaus will deliver a presentation at the “Obergefell’s Implications for Fair Housing” seminar hosted by the Cincinnati Area Board of Realtors® and the Cincinnati Bar Association. This special event is in recognition of Fair Housing …

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Newest Phone Scam Involving IRS

Portrait of Howard L. Richshafer

In January 2016, the government reported that from October 2013 it received almost 900,000 complaints from taxpayers concerning scammers calling and threatening them about delinquent federal taxes.  The government claimed that more than 5,000 taxpayers paid more than $26 million …

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Tax Free IRA Charitable Rollover Permanently Extended

Portrait of John Eilers

If you are age seventy and a half or older, you may instruct your IRA custodian to transfer any amount, up to $100,000, directly to a charitable institution of your choice that qualifies under Section 501(c)(3) (not including a private foundation …

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Attorney Howard L Richshafer Scheduled to Present “Tax Fraud—From the Defense Attorney’s Perspective”

Portrait of Howard L. Richshafer

Mr. Richshafer is scheduled to present a one-hour lecture on “Tax Fraud—From the Defense Attorney’s Perspective” at the 48th Annual University of Cincinnati Income Tax Conference on December 8, 2015. This Conference is primarily attended by professional tax advisers, attorneys, …

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IRS Considering New Information Reporting Thresholds for Gambling Winnings

Portrait of Howard L. Richshafer

Under current law, information reporting (i.e., Forms W-2G) to IRS is required on winnings of $1,200 or more from a bingo game or a slot machine play, and, $1,500 or more from a keno game.  This has been the reporting …

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New Law Addresses Changes in Federal Tax Return Filing Dates

Portrait of Howard L. Richshafer

The recently enacted “Surface Transportation and Veterans Health Care Choice Improvement Act of 2015” (P.L. 114-41) contains significant changes to filing deadlines and extensions for certain business and special entity tax returns. President Obama signed the Act into law on …

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House of Representatives Cuts IRS’ Budget (Again)

Portrait of Howard L. Richshafer

Once again, in June 2015, the House Appropriations Committee cut IRS’ budget.  The Committee cut the current budget by $838 million, and approximately $2.8 billion less than President Obama’s fiscal year 2016 budget proposals. Under the Committee’s proposal, IRS’ operations …

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