Category: Today’s Tax Talk

Monday October 3, 2022 – EVERYONE has now heard of the massive expansion of the IRS. But, depending on who you listen to, the impact will not be great – or the impact will be … Continue reading Prepare Now, For Audit Later →

Wednesday September 28, 2022 – United States Senator Elizabeth Warren and House Judiciary Committee Chairman Jerrold Nadler re-introduced the Consumer Bankruptcy Reform Act (CBRA). Both of these sponsored the same, or similar, bill in 2020. … Continue reading Bankruptcy Chapter 10?? →

Tuesday September 27, 2022 – The IRS and other Federal and State agencies are increasingly focusing on cryptocurrency. So, if you have been lax on reporting your crypto trades, watch out for these new developments. … Continue reading Crypto Crackdown →

Monday September 26, 2022 – Who makes tax laws? The IRS or Congress? Many taxpayers don’t know that the IRS takes positions on many tax issues that are not consistent with the text of the … Continue reading Who Makes Tax Laws? →

Thursday September 15, 2022 – United States Treasury Secretary Janet Yellen Speaking at an IRS facility in New Carrollton, Maryland, said “the funding will help to improve the IRS in the form of better technology … Continue reading Yellen: IRS Problems Solved →

Wednesday September 14, 2022 – Recently, our Government doubled the size with the Inflation Reduction Act. There have been assurances the IRS will not use this increase in power to target any American group. Those … Continue reading Determined: IRS Abused Power →

Tuesday September 13, 2022 – Cryptocurreny has taken a hit. The values have fallen and have not shown the ability to rebound. With the fall in value, one year in, El Salvado’s Bitcoin experiment has … Continue reading Where is Crypto Going? →

Monday September 12, 2022 – You may have heard, Queen Elizabeth II passed away. Generally, when someone passes, their estate is passed on to their family. And, often, there are tax ramifications – especially, with … Continue reading Royal Taxes →

Thursday September 8, 2022 – Recently, Congress and the Administration passed the Inflation Reduction Act. That Act authorized $80 Billion to the IRS.over 10 years. According to the United States Department of Treasury, the money … Continue reading Preparing For 87,000 IRS Surge →

Thursday September 1, 2022 – We all know the IRS is growing – their staff is more than doubling and they have been awarded $80 Billion. More than half of that money is targeted for … Continue reading IRS Propaganda War →