The IRS National Taxpayer Advocate’s Office recently held discussions about temporarily shutting down IRS phone lines. The IRS needs to focus on clearing the unprecedented backlog of unfiled returns. Some 5.9 million individual 2021 returns … Continue reading IRS Phone Policy – Don’t Answer
Crypto Roller-Coaster
Any Cryptocurrency observer knows the Crypto Roller-Coaster can occur at ANY time. It happened again! Bitcoin lost more than 20% OVERNIGHT! Why is the price Fluctuating? Many different reasons have been presented – the stock … Continue reading Crypto Roller-Coaster
New IRS Cannabis Rules?
Under the federal Controlled Substances Act, Marijuana is a “controlled substance.” The United State Supreme Court has held that “no exception in the Controlled Substances Act exists for marijuana that is medically necessary.” Or, for … Continue reading New IRS Cannabis Rules?
It Ain’t Over…Til It’s Over – Bank Reporting Reconsidered
The public has objected. The Republicans have objected. 21 Democrat Congressman have objected. Several Democrat Senators have objected. Yet, Janel Yellen, The Secretary of the Department of Treasury is still pushing to have the Bank … Continue reading It Ain’t Over…Til It’s Over – Bank Reporting Reconsidered
Cryptocurrency & Your 2021 Tax Return
The IRS has made cryptocurrency (or virtual currency as the IRS calls it) a priority. The IRS specifically asked, for the first time, about “virtual currency” on Schedule 1 of the 2019 1040 tax form. … Continue reading Cryptocurrency & Your 2021 Tax Return
BBB = “Total Financial Surveillance”
The Biden Administration’s Build Back Better Plan (BBB) includes a massive increase in the size and scope of the IRS. The plan provides an additional $80 Billion Dollars and 80,000 more “tax cops..” The IRS … Continue reading BBB = “Total Financial Surveillance”
Crypto News – El Salvador – IRS CI – Hillary Clinton
It’s Crypto-Tuesday and there a number of big stories in Cryptocurrency News. First, El Salvador is continuing their push to move to the front of Bitcoin economy. You may remember that in September 2021 El … Continue reading Crypto News – El Salvador – IRS CI – Hillary Clinton
BBB IRS Agent Army
The Build Back Better Act (BBB) sets aside $80 Billion For the IRS. With that increase, the IRS plans on hiring 87.000 new IRS workers to target “wealthy” taxpayers. However, as Elon Musk points out, … Continue reading BBB IRS Agent Army
Attorney Harry Bartosiak
At Bartosiak Law LLC, we combine large firm experience with personalized service. We partner with our clients as trusted advisors, and remain steadfastly invested in helping them to achieve their unique goals. Individuals and businesses … Continue reading Attorney Harry Bartosiak
Have OICs Just Gotten Easier?
The IRS announced new policies for the Offer In Compromise program. on a recent blog post titled “IRS Initiates New Favorable Offer In Compromise Policies” The National Taxpayer Advocate announced that the offer in compromise … Continue reading Have OICs Just Gotten Easier?
