Author: steve

Thursday May 19, 2022 – The IRS is accused of wasting billions of dollars in taxpayer money and failing to protect taxpayer data. Can this be true? A recent report by the Government Accountability Office … Continue reading IRS – Billions Wasted, Data Unprotected →

Wednesday May 18, 2022 – The United States Government Accountability Office recently released Report to the Chairman, Subcommittee on Oversight, Committee on Ways and Means, House of Representatives titled “TAX COMPLIANCE Trends of IRS Audit … Continue reading IRS Audits Are Down – Way Down →

Tuesday May 17, 2022 – Cryptocurrency has grown up – and legislators and regulators have noticed. We have covered many new regulations and proposed regulations over the last many months. In response, Crypto is sending … Continue reading Crypto Goes To Washington →

Monday May 16, 2022 – The TREASURY INSPECTOR GENERAL FOR TAX ADMINISTRATION recently conducted an audit and issued a report on May 4, 2022 – A Service-Wide Strategy Is Needed to Address Challenges Limiting Growth … Continue reading IRS Destroyed 30 Million Paper Docs →

Thursday May 5, 2022 – Paper is the IRS’s Kryptonite. So says Erin Collins the IRS National Taxpayer Advocate. IRS Commissioner Chuck Rettig told the Senate Appropriation Committee’s subcommittee on financial services and general government … Continue reading IRS Considers Scanning Technology →

Wednesday May 4, 2022 – Last year the IRS signed an $86 million contract with identity verification provider ID.me to provide biometric identity verification services. As soon as the deal was announced, there was an … Continue reading The IRS & ID.me →

Tuesday May 3, 2022 – Non-Fungible Tokens (NFT) are the talk of the town. But, what is an NFT exactly. An NFT is a digital asset that represents real-world objects. The NFT may be art, … Continue reading NFT – The Basics →