Do you owe money to the IRS?
Do you owe money to the IRS? Are you worried about ruining your credit? Is the extra government money running out soon? […]
Tag: Tax Services
IRS issues detailed reminder regarding reporting large cash transactions
IR 2021-47, 2/26/2021; Fact Sheet 2021-3 In a News Release and Fact Sheet, IRS has reminded businesses of their responsibility to file Form […]
House Ways and Means leadership alarmed by new identity theft scheme
The chairman and ranking member of the House Ways and Means Committee on Feb. 22 wrote to IRS Commissioner Charles Rettig about […]
IRS warning about corporate domestic production activities deduction refund claims
In a News Release, IRS has said that it has received a wave of questionable amended returns and claims for tax benefits in the billions of dollars with respect to the now-repealed Domestic Production Activities Deduction (DPAD).The IRS will continue to audit and litigate these claims.
House passes COVID-19 relief package
American Rescue Plan Act of 2021, as approved by the House Budget Committee House amendments to American Rescue Plan Act The House […]
Employee vs. Independent Contractor
Article by David Heier For years, the United States Treasury has relied upon employers to be their unpaid tax collectors. Most people […]
News Alert IRS Scam
Be Aware of IRS Phone Call Scams I wanted to update you all on a scam going on as we speak. Apparently, […]
What to do when the IRS won’t accept an OIC
Case Study Situation: A contractor from Cherry Hill, NJ got into trouble with delinquent tax returns and business returns. The taxpayer is […]
Divorce, Out of Work, Out of Country, Delinquent IRS Returns
Case Study Situation: This Tampa, Florida taxpayer got divorced lost most of his assets in the divorce settlement. He received a substantial […]
Offer In Compromise (OIC) Successful Settlement for Reduced IRS Payments
Case Study Situation: A professional taxpayer in Bucks County, PA who owned his own home, became very ill and was no longer […]