Category: Today’s Tax Talk

Monday February 28, 2022 – The IRS faced the “most challenging year taxpayers and tax professionals have ever experienced,” in 2021. This according to the National Taxpayer Advocate 2021 Annual Report to Congress. In that … Continue reading Warning: 2022 Tax Season →

Wednesday February 23, 2022 – We focus on Blockchain Technology, including cryptocurrency, Non Fungible Tokens (NFT), & Decentralized Autonomous Organizations (DAO) every Tuesday in this space – we call it Crypto Tuesday. Every once in … Continue reading Crypto Wednesday?? IRS Taxes Crypto Assets & Updates ID.me Policy →

Tuesday February 22, 2022 – What better time to discuss how cryptocurrency is taxed then tax season – before there is a problem. While we have talked about taxing crypto many times – this little … Continue reading Taxing Cryptocurrency →

Monday February 21, 2022 – The Paycheck Protection Program (PPP) administered by the Small Business Administration (SBA) provided over 11.7 million loans totaling nearly $800 billion in relief to over 8.5 million small businesses The … Continue reading PPP – Back In The News →

Thursday February 17, 2022 – The Internal Revenue Service’s (IRS) Taxpayer Advocate Erin Collins appeared at the Senate Finance Committee hearing today. It was the Taxpayer Advocate’s report, issued in January 2022, that characterized the … Continue reading IRS ” Surge” Battles The Backlog →

Wednesday February 16, 2022 – Foreclosure numbers have been at record lows across the country since March 2020. Foreclosure moratoriums have a lot to do with those numbers. Now that the moratoriums have ended, should … Continue reading Foreclosures Rise →

Tuesday February 15, 2022 – Her Majesty’s Revenue and Customs office (HMRC) became the first law enforcement body in the United Kingdom (The world??) to seize Non Fungible Tokens during an investigation into a suspected … Continue reading Taxman Seizes NFTs – 1st Time Ever! →

Monday February 14, 2022 – The IRS is behind – WAY BEHIND. There are still millions of 2020 returns that are still not processed. So, where are they with my 2022 refund? Here is a … Continue reading Where Is My IRS Refund?? →

Thursday February 10, 2022 – The Sixteenth Amendment to the United States Constitution states: “The Congress shall have power to lay and collect taxes on incomes, from whatever source derived, without apportionment among the several … Continue reading EVERYTHING is Taxable! →

Wednesday February 9, 2022 – “The IRS announced today the suspension of more than a dozen additional letters, including the mailing of automated collection notices normally issued when a taxpayer owes additional tax, and the … Continue reading IRS Stops Notices →