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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.

If you find yourself in a situation where you cannot pay your tax bill in full, you have a few options of what to do. But the first thing you should do is file your tax return or request an extension of time to file by May 17, 2021 even if you cannot pay it all. If you do not file your tax return or request an extension by May 17^th you may face a failure-to-file penalty.

In previous years unemployment income a taxpayer receives was considered taxable income, and in most cases it continues to be taxable. However, a recent change in the law allows some taxpayers to not pay taxes on their unemployment benefits.

Our very own Angie Bryson was featured last week on myNewOrleans.com.

In 2020, a lot of people decided to solicit their services- accepting “gig” jobs - to help make ends meet during the pandemic. In doing so, many of these individuals did not understand what they were signing up for with regards to how the money they made from these “gigs” would affect their taxes.

Yes, the IRS can take as much as a 15% cut in your Social Security to satisfy a tax debt. In July of 2000, the Federal Payment Levy Program not only allowed the IRS to dip into social security benefits, but also: Federal employee retirement annuities, federal payments made to you as a contractor/vendor doing business with government, federal employee travel advances or reimbursements, and some federal salaries.

As we enter into the holiday- of the most popular times to give and receive gift cards - scammers are using the season of giving to their advantage. Scammers often call or email Taxpayers and demand that they pay a phony tax bill with gift cards. Scammers also use compromised email accounts to send emails asking someone to purchase gift cards for friends, family, or co-workers.

If you own a small business or if you are thinking about starting a small business, this blog post is for you! Bryson Law Firm, LLC wants to ensure that you are aware of what owning a small business means when it comes to taxes.

Large, nationwide tax resolution services are often advertised as a guaranteed way to win big savings on tax debts owed and for anyone facing IRS tax issues, can be very tempting. But, you know what they say…. If it sounds too good to be true, then it probably is. We often refer to these outfits as “Fly-By-Night” Tax Resolution Providers. It seems as though every time we turn on the radio, a new outfit is being advertised, and it seems as though many disappear as quickly as they popped up, but not before taking payment from Taxpayers for work that is never done.

Are you a newly married couple? We can imagine that if you were married in 2020, your nuptials were full of surprises, last minute changes, and more. Because we would hate for you newlyweds to run into any more surprises and changes, we wrote this blog for YOU! Though most people equate the “work” that comes with a wedding to be on the front end in the planning, there are several things you need to do after you say “I do”, and addressing your new tax responsibilities is one of them. Here’s everything you need to know about how marriage affects your taxes: