Category: Today’s Tax Talk

Tuesday May 31, 2022 – The Crypto Crash of recent weeks has put many on alert. Some have seen this as the demise to Cryptocurrency AND Blockchain technology. But don’t let short term fluctuations sour … Continue reading Blockchain & Cryptocurrency – Here to Stay →

Thursday May 26, 2022 – The Internal Revenue Service (IRS) Data Book is published annually by the IRS and contains statistical tables and organizational information on a fiscal year basis. The report provides data on … Continue reading IRS Releases 2021 Data Book →

Tuesday May 24, 2022 – Have you noticed – Cryptocurrency is volatile? Back in 2014 the IRS announced that crypto is property for tax purposes. Not currency, not securities, but property. So, some tax rules … Continue reading Crypto Losses, Tax Savings? →

Monday May 23, 2022 – Foreclosures have not been an issue since the pandemic. One of the first things Government did was to issue a Foreclosure Moratorium. Last August the CDC moratoriums came to and … Continue reading Foreclosures On The Rise →

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 →