Author: steve

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 →

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 →

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 →

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!?! →

Tuesday August 2, 2022 – The infrastructure bill Congress passed in November 2021 contained new “broker rules.” The broker rules require that crypto firms collect customer transaction data and is set to take effect in … Continue reading New IRS Form 1099-DA →

Monday August 1, 2022 – If you are lucky, you may win the Lottery or find treasure. Or, if you are the IRS, you do both routinely. That’s because, each time someone wins something, anything, … Continue reading Baseball, Lottery & The IRS →

Thursday July 28, 2022 – Have the Democrats finally come together to double the size of the IRS? Senator Joe Manchin and Senator Chuck Schumer announced a deal today they are calling the Inflation Reduction … Continue reading Supersize The IRS →

Wednesday July 27, 2022 – Immediately upon taking office President Biden promoted the Build Back Better Plan as PRESIDENT BIDEN’S PLAN TO REBUILD THE MIDDLE CLASS. Since that time, the Build Back Better Plan – … Continue reading Build Back Better Won’t Go Away →