Tag Archives for " IRS tax debt "

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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Cybersecurity firm warns of a new threat to tax pros

  • April 25, 2022

As tax season comes to a close, researchers at a cybersecurity company are seeing a new type of phishing attack embedded within documents sent via email to tax professionals.Consumers aren’t the

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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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Fact-Checking the President’s Remarks on Tax Policy

  • March 18, 2022

The president's tax policy is framed in the idea that our tax code is unfairly weighted in favor of high-income people. It's an idea that is widely accepted, but it’s just not true.President Biden delivered

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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 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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The latest tax avoidance trick probably isn’t for you

  • September 27, 2021

There’s a tax avoidance trick that the super-rich are already using to avoid paying the higher taxes proposed by Democrats to finance their spending plans. Naturally, the moderately rich are interested,

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Bombshell tax draft throws a curveball at the wealthy

  • September 27, 2021

The fight in Congress over emerging tax increases on the wealthy took a dramatic turn on September 13, with a slew of unexpected proposals from lawmakers, including retirement plans, inheritances, and

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IRS begins distributing monthly Child Tax Credit payments

  • July 21, 2021

The IRS and the Treasury recently started disbursing advance monthly payments of the expanded Child Tax Credit in a program that aims to lift millions of families out of poverty.Approximately $15 billion

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