IRS is offering to suspend the issuance of a determination letter denying untimely claims for innocent spouse relief. In most cases, it is in the best interest of the taxpayer claiming relief to request that the IRS suspend the issuance of the determination.

In a recently issued Chief Counsel Advice (CCA 200927019), the IRS stated that it can issue a levy on a taxpayer’s health savings account (HSA). What is even more interesting, in such a case, the taxpayer will be liable for a 10% excise tax on an HSA distribution to pay a tax liability, unless the [...]