by Steven J Weil, PhD, EA, LCAM | Aug 6, 2021 | Blog, Personal Tax
The IRS is sending the fourth round of refunds related to the mid-tax-season change that made much of the unemployment received by tax payers not taxable after they had already filed their tax returns. These refunds effect the 13 million taxpayers who paid taxes on...
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 23, 2021 | Blog, Personal Tax
Beginning July 15, the IRS will start sending taxpayers that filed 2019 or 2020 returns with qualifying children and advance payment of the Child Tax Credit. The payment will amount to ½ of the Child Tax Credit for 2021. The American Rescue Plan Act increased the...
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...
