Thursday April 20, 2023 – Description: In this episode of Today’s Tax Talk, we discuss Senator Joni Ernst’s concerns about the IRS enforcement plan under President Joe Biden’s Inflation Reduction Act and its potential impact … Continue reading Who Is On Your Side Against the IRS?
Throwing Money At The IRS
Tuesday April 18, 2023 – The Internal Revenue Service (IRS) has made headlines for its recent improvements in customer service during the 2023 tax filing season. Thjey tell us this is proof $80 billion funding … Continue reading Throwing Money At The IRS
Don’t Panic! How to Get an IRS Extension FAST
Wednesday April 12, 2023 – Tax Day is April 18th this year. Don’t let the change in the date get you. Yes, April 15th is usually Tax Day – but the rule is – and … Continue reading Don’t Panic! How to Get an IRS Extension FAST
Bitcoin Breaks $30,000
Crypto-Tuesday April 11, 2023 – Bitcoin, the world’s largest cryptocurrency by market capitalization, has broken through the $30,000 threshold for the first time since May 2021, marking a significant milestone in its volatile price history.The … Continue reading Bitcoin Breaks $30,000
They Call Him Danny
Wednesday April 5, 2023 – Danny Werfel was sworn in as the 50th Commissioner of the Internal Revenue Service on Tuesday April 4, 2023. While Commissioner Werfel was sitting through his Senate confirmation hearing, the … Continue reading They Call Him Danny
New IRS Guidance 1099-K
Thursday March 23, 2023 – On this show, I have spoken openly about the new 1099-k information reporting rules for Third party settlement organizations – I think they stink. Recently, the IRS updated their “frequently … Continue reading New IRS Guidance 1099-K
FREE IRS Tax Prep?
Wednesday March 22, 2023 – The Inflation Reduction Act provided the IRS with a boat load of money. The Act also put aside $15 million for the IRS to conduct a study to find out … Continue reading FREE IRS Tax Prep?
Biden Budget Adds $43 B to IRS
Monday March 20, 2023 – The Biden Administration’s proposed budget for 2023 is out. The budget proposes increasing spending from $5.8 Trillion to $6.7 Tillion. It’s clear from the administration’s proposals, they are not serious … Continue reading Biden Budget Adds $43 B to IRS
Yellen: 90% Of New Audits On Small Business
Monday March 13, 2023 – The Administration has been clear (??) the Inflation Reduction Act funding to the IRS, almost $80 billion, will not be used to Audit those making less than $400,000 per year. … Continue reading Yellen: 90% Of New Audits On Small Business
FairTax Act of 2023
Thursday March 9, 2023 – Did you hear about H.R. 25, the Fair Tax Act of 2023. This bill was introduced in House of Representatives in January 2023, right after the Republicans took over. Supporters … Continue reading FairTax Act of 2023