Entries by Jeff

IRS Provides Tax Relief For Victims Of Wildfires In California

The IRS announced on August 27, 2021 that victims of wildfires in California Ida that began on July 14, 2021 now have until November 15, 2021 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 […]

Advantages To Filing A 2020 Tax Return – Getting Money Due To You

Most people with gross income of $12,400 or more must file a federal tax return. Some people with a lower income are not required to file. However, these individuals should still consider filing for a refund of federal income tax withheld. They may also be eligible for certain tax credits, like the earned income tax […]

IRS Provides Tax Relief For Victims Of Hurricane Ida

The IRS announced on August 31, 2021 that victims of Hurricane Ida that began on August 26, 2021 now have until January 3, 2022 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 […]

Congress Considering Increased Reporting Requirements For Cryptocurrency Transactions

Congress Considering Increased Reporting Requirements For Cryptocurrency Transactions Cryptocurrency / Bitcoin – Is this the 21st century answer to hiding assets in Swiss bank accounts?  The IRS thinks this is the case which is why the IRS has stepped up its investigation efforts to uncover non-compliant taxpayers just like the IRS successfully did in its investigation […]

Even The Federal Government Is Trading Cryptocurrency

Even The Federal Government Is Trading Cryptocurrency That’s right.  You can become a part of the growing cryptocurrency community by placing a winning bid in a GSA Auction cryptocurrency sale.  On June 16, 2021 the U.S. General Services Administration (“GSA”) issued a press release announcing the opening of bids on 11 lots of cryptocurrency, totaling […]

Max The Vax But Don’t Forget The Tax

States offering prizes to incentivize people to get the COVID-19 vaccine. In California – get vaccinated, get rewarded. Are you already vaccinated or about to be? Great! You’ll have a chance at winning $50,000 or a grand prize of $1.5 million!  Not yet vaccinated against COVID-19? Listen up! Get vaccinated as soon as possible to […]

IRS Provides Tax Relief For Victims Of Tennessee Storms

The IRS announced on May 14, 2021 that victims of this spring’s storms and tornadoes in Tennessee will have until August 2, 2021, 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), […]