by Steven J Weil, PhD, EA, LCAM | Aug 10, 2021 | Blog, Business Tax
The IRS has updated Frequently Asked Questions (FAQs) on the paid sick and family leave tax credits under the American Rescue Plan Act of 2021 (ARPA). The updates clarify that eligible employers can claim the credits for providing leave to employees to accompany a...
by Steven J Weil, PhD, EA, LCAM | Jul 28, 2021 | Blog, Business Tax
Corporation Liable for Payroll Tax That Should Have Been Paid to Officers: Mr. and Ms. Hacker were co-owners of Blossom Day Care Centers, Inc. (Blossom). In addition, the Hackers were sole shareholders of Hacker Corp. that provided management services to Blossom....
by Steven J Weil, PhD, EA, LCAM | Jul 22, 2021 | Blog, Business Tax, Personal Tax
It’s Being Replaced With An Attack Dog Consisting Of Scores Of Auditors & Collection Employees The days of the kinder gentler IRS seem to be coming to and end. IRS SB/SE co-commissioners De Lon Harris and Darren Guillot told attendees at a New York...
by Steven J Weil, PhD, EA, LCAM | Jul 19, 2021 | Blog, Business Tax, Personal Tax
The IRS has released a list of it’s “Dirty Dozen” scams effecting tax payers this year. The top 5 scams on this list some old scams we have seen before and some new ones. These scams cost the government and tax payers every year in both time and dollars so it’s...
by Steven J Weil, PhD, EA, LCAM | Jun 29, 2021 | Blog, Business Tax, Personal Tax
Internal Revenue Service is focusing on tax evasion done with virtual currencies like Bitcoin and nonfungible tokens. This is done by using data analytics to uncover transactions that crypto users assumed are hidden. As crypto and other virtual currencies have become...
by Steven J Weil, PhD, EA, LCAM | Jun 11, 2021 | Blog, Business Tax, Personal Tax
Below is a list tax bills introduced in Congress for which bill text became available between June 3 and June 10, 2021. The bill text for each bill can be accessed by clicking on the bill number. Individuals: H.R.2304 – Save Social Security Act of 2021. To...
