AN ASSOCIATION OF TAX PROFESSIONALS IN DEFENSE OF TAXPAYERS' RIGHTS
DANIEL J. PILLA
EXECUTIVE DIRECTOR
215 W. MYRTLE STREET
STILLWATER, MN 55082
800-346-6829
Members Only
CONSULTING MEMBERS
Current Consulting Members of the Tax Freedom Institute
Click this link to find a list of the current Consulting Members of the Tax Freedom Institute. Consulting Members are those to whom potential client referrals are provided. Our other membership level is the Certified Member level.
IRS NOW COMBING PROPERTY TITLE RECORDS Compliance Initiative Gets Wings from Federal Court
As a measure of just how desperate the federal government is for revenue, the IRS is moving on a compliance initiative pointed at the federal gift tax laws. As I stated in the October/November 2011, issue of Pilla Talks Taxes, the compliance initiative involves determining the identities of people who may have avoided gift tax return filing and payment obligations incurred in connection with real estate title transfers. To discover this, the IRS will now begin combing through California property title records.
In this article, I review the impact of this initiative and what you need to know to protect yourself and your clients.