Call Us Toll Free (800) 382-1040 or Local (954) 563-1269 | Coronavirus (COVID-19) Information
  • Follow
  • Follow
  • Follow
rms-logo
  • Home
  • Contact Us
  • About
    • About the Firm
    • We are Enrolled Agents “EAs”
    • Privacy Policy
    • What Our Clients Say About Us
    • In the Media
  • Services
  • Specialties
    • Actors, Actresses, Entertainers & Models
    • Attorneys & Legal Practices
    • “Crypto” Currency Taxation
      • Common Bitcoin and Other Crypto-Currency Tax Questions and Answers
      • Crypto & Virtual Currency Frequently Asked Questions & Answers (Bitcoin)
    • Franchisees
    • Medical Practices & Doctors
    • Real Estate Investors & Professionals
    • Non-Resident Alien
    • Trust Accounting
    • U.S. Expatriates
    • Qualified Opportunity Zones Funds
  • Information
  • Resources
    • Just Released
    • Client Intranet
    • Business Tax Tips
    • Payroll and Tax Forms
    • RMS Documents
    • State Taxes
    • RMS Technology
    • Free Tools
    • Full Service
    • Affiliates
    • New Inquiry
    • Helpful Links
    • Blog

The Kinder Gentler IRS is Soon To Be Dead

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...

Top Five Scams on IRS Dirty Dozen List for 2021

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...

IRS is Using Data Analytics to Track the Use of Cryptocurrency for Tax Evasion

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...

Bills from the Hill

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...

Employee Retention Credits of Up To $50,000 Available to Certain Startup Businesses

by Steven J Weil, PhD, EA, LCAM | Jun 1, 2021 | Blog, Business Tax, Covid-19

Startup Businesses that began business activities after February 15, 2020 may be eligible to receive Employee Retention Credits of up to $50,000 per calendar quarter. The credit is part of the American Rescue Plan Act (ARPA), signed by President Biden on March 11,...

Taxpayer Certainty and Disaster Tax Relief Act of 2020, Makes Qualifying Restaurant Meals 100% Deductible for 2021 and 2022

by Steven J Weil, PhD, EA, LCAM | May 27, 2021 | Accounting, Blog, Business Tax

IRS WANTS BUSINESS TO KNOW WHAT IS A “RESTAURANT” IS! The IRS has lets us all know what is, and what is not, a restaurant, for purposes of the rule that allows a 100% deduction for certain business expenses for food and beverages provided by a restaurant...
« Older Entries
Next Entries »

Archives

  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • August 2018
  • December 2017
  • March 2017
  • February 2017
  • December 2016
  • October 2016
  • September 2016
  • August 2016
  • February 2016
  • December 2015
  • September 2015
  • March 2015
  • January 2015
  • December 2014
  • November 2014
  • October 2014
  • September 2014
  • June 2014
  • February 2014
  • January 2014
  • September 2013
  • August 2013
  • June 2013
  • March 2013
  • February 2013
  • January 2013
  • December 2012
  • November 2012
  • October 2012
  • September 2012

Stay In Touch

Receive our monthly news letter with the latest tax and business information. Let us keep you posted on the latest tax planning and business management ideas.
Signup Now

Blog

IRS is Still Suffering Pandemic Delays

Jan 13, 2022 | Blog, Personal Tax

IRS warns taxpayers and tax professionals to be ready for a turbulent tax-filing season. The IRS is still dealing with backups in processing returns from the past two filing seasons, and the upcoming filing season will just make things worse.  The volume of unopened...

Free 2021 Tax Organizer

Jan 5, 2022 | Blog, Personal Tax

Now is the time to start getting your 2021 tax records together.  be sure to set-up a safe place to keep your W2s, 1099s and other important tax information. Keep an eye open for letters from the IRS reporting the amounts of Economic Impact Payments your received and...

Economic Impact Payment letter can help with the Recovery Rebate Credit

Dec 23, 2021 | Blog

The IRS will begin issuing Letter 6475, Your Third Economic Impact Payment, to EIP recipients in late January. This letter will help Economic Impact Payment recipients determine if they are entitled to and should claim the Recovery Rebate Credit on their tax year 2021...

Watch for advance Child Tax Credit Letter

Dec 23, 2021 | Blog

To help taxpayers reconcile and receive all of the Child Tax Credits to which they are entitled, the IRS will send Letter 6419, 2021 advance CTC, starting late December, 2021 and continuing into January. The letter will include the total amount of advance Child Tax...

Contact Us

  • ADA Compliance: Need assistance with navigating this page or obtaining information for any reason, call us at 1-800-382-1040 and one of our staff would be happy to assist you get the information you need..
Copyright © 2022 Royale Management Services, Inc.