Tag Archives for " Bankruptcy Attorney "
2024 Presidential Tax Proposals: Trump vs. Biden
2024 presents the rare circumstance where it appears likely that both the Democratic and Republican candidates for president have already served in that office. We have already witnessed, therefore, 2024
Read MoreMaximize Estate Tax Exemptions Before 2025 Deadline
Act now to utilize estate tax exemptions before they decrease in 2025. Learn how with the right tax planning strategies.Maximize Your Estate Tax Exemptions Before Time Runs OutWith the Tax Cuts and Jobs
Read MoreIRS Targets Nonfilers: Their New Push to Bridge the Tax Gap
Taxpayers beware: the IRS is renewing efforts to address the rising issue of nonfilers, aiming to recover billions in unfiled tax returns."The Growing Challenge of Nonfilers for the IRSThe Internal Revenue
Read MoreThe IRS Delays $600 1099-K Threshold for Another Year
The Internal Revenue Service recently said it would postpone the $600 threshold for reporting transactions on Form 1099-K for the second year in a row, and begin to phase in a threshold of $5,000 starting
Read MoreIRS grants $1B in penalty relief
The IRS has granted about $1 billion in penalty relief to some 4.7 million individuals, businesses and tax-exempt organizations that were not sent automated collection reminder notices during the pandemic.Most
Read MoreIRS Launches Huge Tax Enforcement Crackdown Using AI
The Internal Revenue Service (IRS) has announced that thanks to a new funding boost, it's launching a "sweeping, historic" tax enforcement initiative using AI and other cutting-edge technologies to catch
Read MoreIRS Updates Guidance on Handling Special State Tax Payments
The Internal Revenue Service recently issued guidance on how taxpayers should report the special tax payments, refunds and rebates they received from states in recent years as a form of relief during the
Read MoreIRS Skirted Rules on Directly Contacting Represented Taxpayers
Internal Revenue Service employees weren't always following the proper rules when it came to directly contacting taxpayers instead of their representatives like CPAs, enrolled agents, and attorneys.Represented
Read MoreIRS Ends Unannounced Visits to Protect Agents
The Internal Revenue Service is stopping most unannounced visits to taxpayers' residences and businesses by its revenue officers after a rising number of threats has put its employees' safety at risk.Appointment
Read MoreIRS Warns of Summertime Tax Scams
The Internal Revenue Service is seeing a surge of summertime tax scams hitting taxpayers via email and text messages touting tax refunds and quick fixes to their tax problems.Many of the email scams make
Read More