The IRS announced on September 20, 2022 that victims in all 78 Puerto Rican municipalities now have until February 15, 2023 to file various individual and business tax returns and make tax payments. IRS Tax Relief Details The IRS is offering this relief to any area designated by the Federal Emergency Management Agency (FEMA), as […]
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Entries by Jeff
Under the Inflation Reduction Act the IRS is receiving $80 billion in new funding. Speaking at an IRS facility in New Carrollton, Maryland on September 15, 2022, Treasury Secretary Janet Yellen stated that “the Inflation Reduction Act finally provides the funding to transform the IRS into a 21st century agency,” Yellen said. “While all the improvements […]
Tax Preparer Defied Court Injunction Prohibiting the Filing of IRS Returns. A Florida man was sentenced to one year and one day in prison on August 25, 2022 for criminal contempt for continuing to prepare and file tax returns with the IRS in violation of a federal court order barring him from doing so. Tax […]
IRS providing broad-based penalty relief for certain 2019 and 2020 returns due to the pandemic with $1.2 billion in penalties being refunded to 1.6 million taxpayers. On August 24, 2022 the Internal Revenue Service issued Notice 2022-36, 2021-15 I.R.B. 986 to help struggling taxpayers affected by the COVID-19 pandemic providing penalty relief to most people […]
This month the “Show-Me State” is receiving tax relief and will include a referendum this November for Missouri voters to approve adult-use cannabis in Missouri. The IRS announced on August 10, 2022 that flooding victims in parts of Missouri now have until November 15, 2022 to file various individual and business tax returns and make […]
The bill as proposed by Senators Schumer and Manchin includes funding the IRS an extra $45.6 billion to audit the middle class. In total under the Inflation Reduction Act the IRS would be receiving $80 billion in new funding. Democrats claim this “investment” will yield more than $200 billion in revenue. That estimate is highly […]
On August 1, 2022 The Georgia Department Of Revenue announced that Georgia residents filing their 2022 tax returns who had fetuses with detectable heartbeats at six weeks of pregnancy can claim a dependent personal exemption in the amount of $3,000.00. The announcement follows the US Supreme Court’s landmark decision overturning Roe v. Wade, eliminating the federal […]
The IRS announced on August 2, 2022 that storm victims in parts of Kentucky now have until November 15, 2022 to file various individual and business tax returns and make tax payments. The IRS is offering relief to any area designated by the Federal Emergency Management Agency (FEMA) as qualifying for individual or public assistance. Currently, […]
Known as the Customer Account Data Engine 2 (“CADE 2”), the IRS touts this is one of the most complex modernization programs in the federal government … and it will be fully in place before you know it. History And Evolution Of IRS Processing Systems. The IRS pioneered the use of automated data processing in […]
A simple mistake, oversight, or your accountant’s malpractice may trigger an IRS criminal investigation. Specifically, unreported income, mismatch of information on a tax return versus third-party reporting information, a false statement, the use of an impermissible accounting or banking service, or declaring too many deductions are things that could initiate an audit, which could then […]
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Get a Tax Resolution Development Plan from us first before you attempt to deal with the IRS. There are several options for you to meet or connect with Board Certified Tax Attorney Jeffrey B. Kahn. Jeff will review your situation and go over your options and best strategy to resolve your tax problems. This is more than a mere consultation. You will get the strategy or plan to move forward to resolve your tax problems! Jeff’s office can set up a date and time that is convenient for you. By the end of your Tax Resolution Development Plan Session, if you desire to hire us to implement the strategy or plan, Jeff would quote you our fees and apply in full the session fee paid for the Tax Resolution Development Plan Session.