Stop losing sleep over your tax situation. I'm Darrin Mish \u2014 a tax attorney in Tampa who's spent 32 years handling exactly this kind of problem. Here's what you need to know.<\/p>\n
A love-hate relationship can exist between any two entities. Such seems to be the case with Congress and the IRS<\/a> over certain tax issues.<\/p>\n The IRS is seriously pursuing taxpayers who are taking advantage of specific tax breaks<\/a> that the IRS frowns on. What makes matters difficult for the taxpayer is that Congress has passed legislation encouraging those people to take advantage of those tax breaks. <\/span><\/p>\n These tax breaks include the conservation easement charitable deduction (section 170(h) of the Internal Revenue Code)<\/a> and the research and develop (R&D) tax credit (section 41 of the Code).<\/p>\n As such, these two benefits may at first appear to be unrelated, there\u2019s big concerns now because the IRS is targeting returns that take advantage of legal tax<\/a> breaks. While Congress continues to show strong support for these tax breaks, it seems the IRS has taken a different stance on the matter.<\/p>\n The IRS does whatever is in its power to disallow these benefits by assuming such things as the taxpayer made a technical foot fault etc. The IRS could do a better job of determining the accurate amount of the deduction or credit allowed.<\/p>\n This could certainly ease the burden on the taxpayer.<\/p>\n