Wednesday December 21, 2022 – There has been much talk in recent weeks about Republicans’ efforts to cut funding to the Internal Revenue Service (IRS). While Republicans are hailing the 2 percent reduction in IRS … Continue reading GOP Cuts IRS Spending?
Ban Crypto? REALLY?
Tuesday December 20, 2022 – Should our government make rules for issues and areas they don’t understand? The answer to that question isn’t really an issue. Because, if government should or shouldn’t doesn’t matter. Government … Continue reading Ban Crypto? REALLY?
Attorney Larry Smith
Friday December 16, 2022 – Consumer protection attorney Larry Smith is our guest today. Attorney Smith represents individuals in matters ranging from credit report errors, identity theft, employment background report errors, debt collector harassment, lemon … Continue reading Attorney Larry Smith
Billionaire Sues IRS
Wednesday December 14, 2022 – Remember last year when Pro Publica revealed the confidential tax information of some of the wealthiest Americans? Remember how the IRS pledged to “get to the bottom” of the crime … Continue reading Billionaire Sues IRS
Crypto: Here to Stay?
CryptoTuesday December 13, 2022 – As we approach the end of 2022 Crypto News seems to be all negative. Many are asking, “Is this the end of Crypto?” What is the answer? In my opinion, … Continue reading Crypto: Here to Stay?
IRS – “Hold Off On Filing Your 2022 Tax Return”
Monday December 12, 2022 – The new tax season is closing in on us. Many taxpayers want to file their tax returns as early as possible, to get their refund quickly. The IRS is set … Continue reading IRS – “Hold Off On Filing Your 2022 Tax Return”
FTX – IRS Ponzi Rules?
Thursday December 8, 2022 – FTX is in bankruptcy. If a taxpayer has losses from their investment in FTX these “customers will face a nightmare when they file their income tax returns next year.” Much … Continue reading FTX – IRS Ponzi Rules?
Reversing Cash App Rule?
Wednesday December 7, 2022 – I have been shouting from the roof tops about the $600 limit for 1099K reporting I have even predicted that, once taxpayers are faced with this monstrosity, Congress would take … Continue reading Reversing Cash App Rule?
Crypto, Loss Harvesting, & The IRS
Crypto-Tuesday, December 6, 2022 – With the falling price of Cryptocurrencies there is talk that some new rules, due to take effect in 2023, may be postponed. Specifically, the new rule requiring crypto exchanges and … Continue reading Crypto, Loss Harvesting, & The IRS
IRS Interest Rate Increases Hurt
Thursday December 1, 2022 – Inflation has an impact most don’t notice. Inflation exasperates IRS problems. How? The IRS charges interest on all past due balances – and the interest is compounded DAILY. Yes, daily. … Continue reading IRS Interest Rate Increases Hurt
