Thursday August 18, 2022 – Congress has awarded the IRS $80 Billion! It’s like winning the lottery! The recent problems with the IRS are well known: Huge backlog of tax return processing, delays in issuing … Continue reading Will $80 Billion Fix The IRS?
IRA – Fact Check Fact Checkers
Wednesday August 17, 2022 – Well, President Bident signed the Inflation Reduction Act into law yesterday. The IRS just received an additional $80 Billion dollars over the next 10 years – a 75% increase in … Continue reading IRA – Fact Check Fact Checkers
Digital Assets & The Inflation Reducton Act
Tuesday August 16, 2022 – President Biden signed the Inflation Reduction Act today. You may not know the Inflation Reduction Act allocates $4.6 billion dollars to “Enforcement.” The Act also explictly directs the IRS to … Continue reading Digital Assets & The Inflation Reducton Act
The Inflation Reduction Act Is Good?
Monday August 15, 2022 – The Inflation Reduction Act (IRA) is not yet law, but will be too soon. Democrates and Progressives think the IRA is going to solve all of our problems by making … Continue reading The Inflation Reduction Act Is Good?
IRS Help Wanted – Be Willing To Kill
Thursday August 11, 2022 – The Inflaction Reduction Act will allow the IRS to hire an army of new auditors. But, the IRS is already looking to hire 300 Criminal Investigation Special Agents. The job … Continue reading IRS Help Wanted – Be Willing To Kill
New Crypto Question on 2022 1040s
Tuesday August 9, 2022 – The IRS is still evolving their handling of Cryptocurrency. They included, for the first time, a “virtual currency” question on the 2019 1040 Tax Return. That year, the queston was … Continue reading New Crypto Question on 2022 1040s
Inflation Reduction Act Review
Monday August 8, 2022 – We have been reporting on the massive expansion of the IRS for some time. Several times, it looked like the expansion was dead, dead, dead. But, no. IRS Expansion was … Continue reading Inflation Reduction Act Review
Attorney James J. Moylan
Friday August 5, 2022 – Attorney Steven A. Leahy interviews Attorney James J. Moylan. Attorney Moylan began his professional career as a Trial Attorney with the Securities and Exchange Commission’s Division of Enforcement in Washington, … Continue reading Attorney James J. Moylan
IRS Promises, Promises
Thursday August 4, 2022 – The Inflation Reduction Act (yeah, right) proposes doubling the size of the IRS to collect more taxes by increasing audits on wealthy tax cheats. Today, IRS Commissioner Charles Rettig promised … Continue reading IRS Promises, Promises
Puerto Rico – Tax Haven!?!
Wednesday August 3, 2022 – Today, I learned something from my Google Alerts and John Stosell. Puerto Rico has some very speical tax rules for US citizens. VERY SPEICAL TAX RULES. Now, I found out … Continue reading Puerto Rico – Tax Haven!?!
