Category: Today’s Tax Talk

Nina Olson, former IRS National Taxpayer Advocate from 2001 to 2019, describes the current problems at the IRS as the worst she’s ever seen. This is the second year in a row that the IRS … Continue reading Former Taxpayer Advocate “The Trouble With The IRS” →

Tuesday March 15, 2022 – Security Tokens are all the rage Will security tokens transform equity just as bitcoin has transformed currency? Security Tokens give the owner a direct, liquid economic interest and the expedited … Continue reading Securitized Blockchain Assets →

Monday March 14, 2022 – Bipartisan group of lawmakers pushes IRS for answers on ‘numerous problems’ facing taxpayers. From unprocessed tax returns to failure to answer the phones, the IRS has an unprecedented backlog. Representatives, … Continue reading Congress Wants Answers From IRS →

Thursday March 10, 2022 – Buried in the $1.5 trillion omnibus spending package is a 6 percent raise for the IRS – it isn’t the 80 Billion in 10 year package they were looking for, … Continue reading IRS Budget Boost! →

Wednesday March 9, 2022 – Not all Crypto news happens on Tuesday. Today was such a day. President Joe Biden announced some weeks ago that an Executive Order was coming concerning Cryptocurrency. Today it arrived. … Continue reading Crypto Executive Order →

Tuesday March 8, 2022 – Cryptocurrency was designed to be independent of any organized market – decentralized is the promise. As Cryptocurrency grew, so too, did Government intervention. The IRS has taken the lead role … Continue reading 2022 Crypto Tax Guide →

Monday March 7, 2022 – Remember Obama Care (Affordable Care Act)? There was a provision within the Obama Care Act which would have required businesses to send 1099 forms for all purchases of goods and … Continue reading SNOOP Reverses $600 Venmo Reporting →

Thursday March 3, 2022 – My office is getting lots of calls about passports. My clients (or soon to be clients) are receiving Notice CP508C – Notice of Certification of your seriously delinquent federal tax … Continue reading IRS Passport Revocation →

Wednesday March 2, 2022 – Most of my clients run a small business. And small business owners generally are required to pay the IRS an estimated tax each quarter, because, the United States income tax … Continue reading Penalty for Underpayment of Estimated Tax Explained →

Tuesday March 1, 2022 – (Crypto Tuesday) Blockchain has been around for some time now, since at least 2008 – but most everyday we learn of new firsts. In June 2021 El Salvador become the … Continue reading Crypto Firsts Keep Comin →