All Taxpayers Can Challenge the IRS’s Position
09 / 10 / 21

The Taxpayer Bill of Rights outlines fundamental rights every Taxpayer has in IRS matters. It codifies a Taxpayer’s right to challenge an IRS  and be heard.

A Fresh Start – Is Individual Tax Debt Forgiven After Bankruptcy?
08 / 31 / 21

The short answer is it depends. Although the purpose of the bankruptcy system is to give a debtor a discharge of the debts it is unable to pay and to give that debtor a fresh start – in many cases, that debtor is still liable for tax debt even after filing for bankruptcy.

Understanding Federal Tax Liens & How They Affect You
08 / 20 / 21

Our latest episode of our podcast, Talkin’ Tax, went in depth of the difference between Liens and Levies. 

A lien is a legal claim against a Taxpayer’s property to secure payment of the tax debt. Meanwhile, a levy is a legal seizure of a Taxpayer’s property to satisfy a tax debt. If you want to learn more about the difference, check out our Lien vs. Levy podcast episode at https://fb.watch/7vBm9_4-P0/

Work Opportunity Tax Credit IRS Relief
08 / 12 / 21

Employers claiming the Work Opportunity Tax Credit (WOTC) will be provided relief by the IRS.

The 2021 IRS “Dirty Dozen” Tax Scams List
07 / 15 / 21

The IRS has recently released its annual list of the biggest tax scams seen over the last year, and unsurprisingly, this year’s list is filled with scams built around the COVID-19 Pandemic. 

Filing Payroll Taxes Electronically Makes Good Business Sense
06 / 17 / 21

Running a business with employees can be hard work. Make it easier on yourself—file payroll and employment taxes electronically! 

IRS Seeks Nominations for the 2022 Internal Revenue Service Advisory Council
06 / 10 / 21

The Internal Revenue Service announced on June 1, 2021 that it is currently accepting applications for the Internal Revenue Service Advisory Council (IRSAC) for terms that will begin in January 2022. Applications will be accepted through July 9, 2021. IRSAC members are appointed to three-year terms by the IRS commissioner. They also submit a report to the commissioner annually at a public meeting.

The American Rescue Plan Act Offers Further Assistance to Families Through Advance Child Tax Credit Payments
05 / 26 / 21
Update: 7/15/2021
The IRS plans to begin issuing the monthly Child Tax Credit advance payments this week. There are online tools available to Taxpayers interested in ensuring they receive the Child Tax Credit and to those who want to opt-out of receiving these advance payments
WHY IS THE IRS TAKING SO LONG?
05 / 18 / 21

Are you experiencing delays with the IRS tax return? Still waiting on a response on a request made to the IRS? The IRS is behind and struggling to catch up due to staff shortages and increased work brought on by the COVID-19 pandemic.  

More Aggressive Compliance Landscape in The Near Future
05 / 12 / 21

The aggressive compliance landscape started several years ago and slowed down due to Covid-19. However, in recent months tax practitioners are seeing an increase in compliance efforts and controversies throughout the world. It started in January 2017 when the IRS began a new approach to examination where they were targeting campaign issues that they think have potential for noncompliance. For example, the IRS began to target Code Section 965 which affects a lot of taxpayers. They also have the high-wealth initiative, which targets very wealthy individuals not only around the US, but around the world.