IRS Warns Taxpayers Against Scammers
Taxpayers, beware of common tax scams that occur around tax season whether via email or via phone! The IRS continues to bring awareness to avoid you becoming a victim. [...]
IRS Delays in Processing
This has been a rough year for interactions with the Internal Revenue Service. In fairness to the IRS, they are massively understaffed thanks to the Covid pandemic. That does [...]
IRS Waives Penalty for Many Whose Tax Withholding and Estimated Tax Payments Fell Short in the 2018 Tax Year
The IRS has just released news of waiving the penalty for many taxpayers whose tax withholding and estimated tax payments fell short in 2018. The following was posted by [...]
Settling Tax Debt- Making an Offer in Compromise
Taxpayers who owe money to the IRS often feel helpless and procrastinate, waiting for the IRS to force collection. There are many ways that a taxpayer can take the [...]
Here’s how taxpayers can protect themselves from scammers
It seems like phone scams are getting more prevalent. On the good side, more information is getting out to the public, so folks are forewarned about these things and [...]
IRS Phone Scam Intensifies
It’s that time of year again! No, not tax season…. scam season! This seems to be a pattern over the last few years that with the increased focus on tax [...]
IRS Warns Travelers: Passports Can Be Suspended
I have mentioned this topic in prior blogs, but the IRS issued a new reminder this week and I thought it couldn’t hurt to discuss the issue again. For seriously [...]
Home Ownership: Tax Cuts and Jobs Act, Part 3
Another big question coming from many clients regarding the new Act’s effect on their returns is about home ownership. Traditionally, tax law provides numerous incentives for home ownership by [...]
The Tax Cuts and Jobs Act: Tax Reform
The Tax Cuts and Jobs Act was signed by President Trump on December 22nd and is now law! The new law makes sweeping changes to the U.S. tax code [...]
Tax Reform Update
The House of Representatives has passed a tax reform bill, which for the first time since the 1980’s, would enact fairly comprehensive changes to our Tax Code. The Senate is [...]
IRSAC Issued Annual Report for 2017
IRSAC Issued Annual Report for 2017 The IRSAC (Internal Revenue Service Advisory Council) is a federal advisory committee that reports to the IRS Commissioner. Check out the full post on [...]
Time to Renew Expiring ITINS
Time to Renew Expiring ITINS For taxpayers who require an ITIN (Individual Taxpayer Identification Number), now is the time to renew it before the end of the year. Click here [...]