Category Archives for Tax Tips

Companies Worry About Crypto Accounting & Taxes

  • April 26, 2022

Businesses that have been investing in cryptocurrencies like Bitcoin and Ethereum are dealing with uncertainty regarding crypto accounting and taxes as the Securities and Exchange Commission and the Internal

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The IRS is Going on a Hiring Spree

  • March 18, 2022

The Internal Revenue Service is looking to hire more than 5,000 employees in three cities over the next few months, and another 5,000 employees over the course of the next year. It has also added voice

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Where’s My Refund?

  • February 22, 2022

Now you can check the status of a tax refund in just a few clicks using the Where’s My Refund tool created by the IRSBy far, the question most asked of any tax professional (erroneously, because we have

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IRS updates and information for 2022 tax filing

  • February 22, 2022

The IRS has created a special page to provide current updates and the latest tax filing informationTo assist taxpayers and tax professionals, the IRS created Help for taxpayers and tax professionals: Special

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What Is Power of Attorney and When Is It Used?

  • January 13, 2022

To protect your privacy, IRS employees won't talk to just anyone about your taxes. To give them permission to discuss your taxes with someone other than yourself, the IRS will need a power of attorney

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Lawmakers Demand The IRS Deal with Backlog ASAP

  • January 12, 2022

A group of 99 House Republicans has sent a letter to Internal Revenue Service Commissioner Charles Rettig asking for information about how the IRS plans to fix the backlog of unprocessed tax returns before

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The IRS Spotlights Charity Fraud Awareness

  • October 21, 2021

The Internal Revenue Service is teaming up with international organizations and regulators this week to call attention to the dangers of charity fraud and to bolster charity fraud awareness.Raising awareness

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The IRS Signs Three New Collection Agencies

  • October 21, 2021

Seriously tax-delinquent taxpayers may soon hear from someone new.The Internal Revenue Service has awarded contracts to three private collection agencies for the collection of overdue tax debts. The new

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U.S. Treasury Announces New Cryptocurrency Tax Reporting Requirements

  • June 14, 2021

The Treasury Department announced that it is taking steps to crack down on cryptocurrency markets and transactions and said it will require any transfer worth $10,000 or more to be reported to the Internal

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Biden Seeks $80 Billion to Bolster IRS, Tax Enforcement!

  • June 11, 2021

To frame this article in the proper context, the Biden administration and Congress are seeking to pump a lot of funding to the IRS, to increase enforcement against tax delinquency, among other things.

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