Monday October 3, 2022 – EVERYONE has now heard of the massive expansion of the IRS. But, depending on who you listen to, the impact will not be great – or the impact will be HUGE!
Which is it? Today Attorney Steven A. Leahy reviews two articles. The first, “The tax man is receiving $80bn – but US small businesses shouldn’t worry.” Author Gene Marks, takes the former view. All is well. No need to panic.
The second, “When IRS Form 1099 And Tax Returns Don’t Match” Author Robert W. Wood pretty much takes the latter view.
Attorney Steven A. Leahy gives you his take on the change on Today’s Tax Talk.
https://www.theguardian.com/business/2022/oct/02/inflation-reduction-act-taxes-small-businesses
https://www.ibtimes.com/when-irs-form-1099-tax-returns-dont-match-3619241
Steven A. Leahy is a tax attorney in Illinois. He was the host of the long-running popular Radio Show “The IRS Radio Hour” heard every Sunday evening on AM 560 The Answer. Attorney Leahy is also the author of the book “Deal With Your IRS Problems Today!” You can get a FREE copy of this important book at FreeIRSBook.com. Or Call 24/7 (312)664-6649
