by Steven J Weil, PhD, EA, LCAM | Jun 15, 2022 | Blog, Personal Tax
The IRS is back – at least when it comes to the sending of millions of letters to taxpayers whom it believes underpaid their taxes. The letter takes the form of a CP14 and it is important not to ignore these notices. Just because you get a notice does not mean that...
by Steven J Weil, PhD, EA, LCAM | May 23, 2022 | Blog, Business Tax, Personal Tax
According to an audit report (2022-40-036) published on 5/4/22 by the Treasury Inspector General for Tax Administration (TIGTA), a service-wide strategy is needed to address challenges that limit growth in business tax return electronic filing. The report states,...
by Steven J Weil, PhD, EA, LCAM | Mar 12, 2022 | Blog, Business Tax, Personal Tax
IR 2022-45, 3/1/2022 In an information release, the IRS has remined taxpayers of their reporting and potential tax obligations from working in the gig economy. Gig economy earnings are taxable. Generally, income earned from the gig economy is taxable and must be...
by Steven J Weil, PhD, EA, LCAM | Feb 24, 2022 | Blog
Salem, Massachusetts: Resident Roosevelt Fernandez has pleaded guilty in connection with two schemes involving COVID-19 relief funds and tax returns for others. Fernandez applied for 10 EIDLs, either in his own name or in the names of entities he controlled. In June...
by Steven J Weil, PhD, EA, LCAM | Jan 31, 2022 | Blog, Personal Tax
Under the heading Not Quite Ready for Tax Season the IRS is urging people to use the information in their online taxpayer accounts for the most up-to-date figures on the amount of the advance Child Tax Credit to include on their tax returns — instead of the...
