Category: Today’s Tax Talk

Attorney Tomei has worked on behalf of his clients in a number of different contexts, both in civil matters and in criminal matters. He has also managed trials, where he has both defended and prosecuted … Continue reading Attorney Robert Tomei →

the IRS has vowed to provide resources to help Cannabis business owners successfully navigate unique tax responsibilities. “Tackling complex tax compliance issues is something I take great pride in doing as part of my job … Continue reading IRS Smokes Cannabis →

China banned trading Cryptocurrency in 2019. Earlier this year, China told banks and payment platforms to stop facilitating transactions and issued bans on crypto mining. Now, China has announced that ALL cryptocurrency transactions are illegal. … Continue reading Crypto Tuesday – China Cancels Crypto →

The plan to allow IRS Spying on Americans’ bank accounts has hit roadblocks. Congressional committee has balked, 40 business associations have protested, Republicans across the board have objected, and the American people have said no. … Continue reading Stop IRS Spying →

If you are a “Gig” worker, you know who you are. For others, a Gig worker is a person who works temporary jobs typically in the service sector as an independent contractor or freelancer. The … Continue reading Taxing Gig Workers – & IRS Private Collection Agencies →

The IRS has a form for EVERYTHING! 1099 Forms are “Information Returns” and there are many different versions. 1099s are required to report any payments from sources other than employment. People receive 1099 Forms from … Continue reading 1099 What? →

40 trade associations, including banking industry groups, have publicly labeled the proposal to hand over taxpayer banking data to the IRS as a Nightmare for compliance and privacy. The administration today connected the measure to … Continue reading Bank Compliance & Privacy Nightmare with SALT →

Finally, the truth is coming out, and Americans are starting to rebel against the IRS plan to gather everyone’s bank statements and crackdown on 1099 employees and all small businesses. Is it too late? I … Continue reading IRS Crackdown on 1099 Employees →

Attorney Steven A. Leahy informs our Pod-Cast audience on “Today’s Tax Talk” about IRS news, and if you have been watching, Attorney Leahy has been warning about the ever-increasing power of the IRS and the … Continue reading Today’s Tax Talk – Ahead Of The Curve →

The United States Government, at all levels, is attacking Cryptocurrency. The IRS has held that Cryptocurrency is property and not a security. But Congress is seeking to eliminate a “loop hole” created by that designation. … Continue reading Crypto Tuesday – Wash Sale Rule & Exchange Taxes →