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IRS Liens Away From Many Repayment Requirements to Ease Taxpayers’ Burden During COVID-19 Pandemic

On Monday, November 2, the IRS announced a new initiative to help taxpayers who owe taxes to the... more
November 5, 2020
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Virtual Currency – New 1040 Disclosure

In 2019 the IRS introduced a new question on Schedule 1 of Form 1040 specifically asking if the... more
October 28, 2020
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Payroll Tax Deferral – Guidance Issued

The IRS has issued Notice 2020-65 to provide guidance on President... more
September 1, 2020
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Payroll Tax Deferral – What this Means to Your Business and Employees

In a memorandum issued on August 8th , President Trump has directed the Secretary of the Treasury... more
August 24, 2020
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Can Bankruptcy Resolve Your Federal Tax Debt?

The filing of bankruptcy puts an immediate halt on all IRS collection activities and a release on... more
August 4, 2020
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AICPA Asks IRS for Blanket 2019 Penalty Relief Due to COVID-19 Pandemic

As the COVID-19 pandemic continues to create unprecedented disruption and economic uncertainty, the... more
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IRS, You’ve Got Mail…Eleven Million Pieces of It

As the Internal Revenue Service (IRS) begins to recall its employees throughout the month of June,... more
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IRS Suspends Tax Compliance Programs to Assist American Taxpayers During COVID-19 Crisis

On March 25, the Internal Revenue Service (IRS) announced its People First Initiative, which rolls... more
March 30, 2020
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Giving the Gift of Virtual Currency

With virtual currency (VC) gaining in popularity, charitable organizations have begun accepting VC... more
February 4, 2020
Blog

Significant Retirement Changes under the SECURE ACT

As 2019 came to a close, the president signed into law the SECURE Act, which stands for “Setting... more
January 13, 2020
Blog

Taxation of Virtual Currency—Are You Prepared?

New on the 2019 individual tax return is the following question: “At any time during 2019, did... more
November 7, 2019