Tax Problem Solver

    Archive Monthly Archives: March 2023

    SCOTUS Slashes IRS Penalty Against Taxpayer for Not Reporting Foreign Bank Accounts

    • March 23, 2023

    The Supreme Court ruled 5–4 in a fractured opinion on Feb. 28 that the IRS imposed an excessive fine on a businessman for failing to report foreign bank accounts, reducing the financial penalty from

    Read More

    Ex-IRS Agent Sounds Alarm on What’s Coming Next

    • March 22, 2023

    Gun-Toting Wing of IRS wants to ‘put the fear of God in people’: ex-agentAs the Internal Revenue Service seeks to bolster the ranks of its weapon-carrying IRS Criminal Investigation unit, a former

    Read More

    IRS Targets Gig Workers and Foreign Income Recipients

    • March 22, 2023

    Taxpayers face consequences for failing to meet certain tax obligations.The Internal Revenue Service (IRS) recently issued a notice to “gig economy” service workers and those who receive a foreign

    Read More