Due to the COVID-19 pandemic, U.S. taxpayers were given extra time to get their 2019 taxes completed this year. The IRS automatically extended the...Read more.
With the “People First Initiative” set to expire on July 15, 2020, the IRS is poised to resume a series of new audit initiatives aimed at high net...Read more.
Many taxpayers, both businesses and individuals, are experiencing a decrease in income from business shutdowns and the resulting economic slowdown...Read more.
On February 19, 2020, the IRS announced a new initiative aimed at individuals and businesses with unfiled tax returns. The new initiative will...Read more.
Are you dealing in cryptocurrency (e.g., Bitcoin), also referred to as “digital currency” or “virtual currency?” If you are, you should be...Read more.
If you receive a notice from the IRS indicating that you are being audited, don’t panic. Just because the IRS is auditing you doesn’t mean that...Read more.
If the IRS asks to interview you about unpaid payroll taxes, you should seek representation immediately. Not only do you face the risk of civil...Read more.
Recognizing the need for greater taxpayer protection when interacting with the IRS, Congress has enacted The Taxpayer First Act (TFA) of 2019. The...Read more.
According to the IRS, roughly one-quarter of earned income tax credits (EITC) payments were issued improperly in 2018, costing the Department of...Read more.
If you plan on traveling internationally, whether for business or for pleasure, you should be aware of a new law that allows the IRS to revoke...Read more.