Thursday February 2, 2023 – As Ronald Reagan once said: “Freedom is never more than one generation away from extinction.” Americans, rely on the government to keep us safe and secure, but we also expect … Continue reading Digital Privacy & The IRS
Wednesday February 1, 2023 – As artificial intelligence (AI) continues to improve, the federal government is making great strides towards keeping up with the ever-increasing speed of change. This includes the Internal Revenue Service (IRS). … Continue reading AI & IRS – Beware!
Toth vs. Unitied States
Monday January 23, 2023 – U.S. Treasury Secretary Janet Yellen told Reuters “I’m excited about legislation that’s passed and I want to make sure that it makes the difference it should make, and that includes … Continue reading IRS Needs To Be “Completely Redone”
Monday January 16, 2023 – The Biden Administration is pushing for 87,000 new Internal Revenue Service (IRS) agents in order to increase the amount of audits against families and small businesses. This proposal would cost … Continue reading Taxpayer Protection Act – DOA
Thursday January 12, 2023 – The Taxpayer Advocate Service (TAS) is an independent organization within the Internal Revenue Service (IRS) that helps taxpayers resolve problems with the agency. Each year, by law, the TAS releases … Continue reading Most Serious IRS Problem – Processing Delays
Wednesday January 11, 2023 – With the new House Majority, Republicans are pledging to use their power to identify agencies at which to slash budgets. Their vote on Monday was the first step in this … Continue reading New Congress First Target – IRS
Monday January 9, 2023 – The recently seated Republican majority recently proposed a bill that would cut the IRS budget by $70 billion. This proposal has been met with mixed reactions from both sides of … Continue reading GOP Wants to Shrink IRS by $70 Billion
Thursday December 29, 2022 – There is much confusion about the 1099-K, no thanks to the IRS changing the reporting threshold rules – after the reporting threshold rules were changed by the American Rescue Plan … Continue reading What is a 1099-K Used For?
Wednesday December 28, 2022 – The Internal Revenue Service (IRS) recently announced that it is delaying the implementation of 1099-K reporting requirements until January 2023. This delay affects businesses and individuals who receive payments from … Continue reading 1099-K Rule Delayed: What You Need To Know