The IRS has thousands of pages of rules. If you have ever been audited, you know how detailed the rules are. But a new report from the Treasury Inspector General for Tax Administration (TIGTA) reveals … Continue reading Hey IRS! Follow Your Rules
Cannabis & The IRS
The IRS held a Conference in which they discussed how to file a tax return for the Cannabis and Crypto industries. Attorney Leahy provides some background on the federal prohibition of Cannabis businesses and the … Continue reading Cannabis & The IRS
Cryptocurrency – National Security Asset
Blockchain may be the most influential technology since the internet. Cryptocurrency’s impact on the US Dollar and the Dollar’s prominence in international trade scares many legislators, and may lead to laws and policies that stifle … Continue reading Cryptocurrency – National Security Asset
You Get A Letter from the IRS – Now What?
The IRS Collections process begins with an IRS Notice. The IRS Sends millions of letters (Notices) to Taxpayers every year. What does the Notice you received mean? Generally, the IRS Notice will have a number … Continue reading You Get A Letter from the IRS – Now What?
IRS Budget Boondoggle
The IRS needs more money! The IRS doesn’t have enough money to answer taxpayer phone calls, audit the wealthy or pursue the tax cheats. We have heard this battle cry for many years. Is it … Continue reading IRS Budget Boondoggle
IRS Power Grab
The Biden Administration needs to raise money to pay for the avalanche of spending they have proposed. They plan on raising that money of the backs of those small businesses that are the backbone of … Continue reading IRS Power Grab
Cryptocurrency – Infrastructure Bill Passes Senate
After much debate, primarily on the definition of “Cryptocurrency Broker” the senate passed the $1Trillion Infrastructure Bill today. Attorney Steven A. Leahy reviews the Good (not much), the Bad (most), & The Ugly (Crypto Taxes). … Continue reading Cryptocurrency – Infrastructure Bill Passes Senate
Solve Your IRS Problem FOREVER!
Attorney Steven A. Leahy discusses the 6 things you can do if you owe the IRS Money. You may not be aware that the IRS is greatly expanding their collections efforts against small business owners. … Continue reading Solve Your IRS Problem FOREVER!
Student Loans & Bankruptcy
Everyone knows Student Loans are not dischargeable in bankruptcy. Or, are they. Recent court cases have discovered that private student loans have always been dischargeable. Attorney Steven A. Leahy reviews these recent cases and how … Continue reading Student Loans & Bankruptcy
The Tax Gap & IRS Enforcement
The IRS is Pronouncing the Tax Gap is the greatest danger of our time, totaling $1 TRILLION per year. The Tax Gap requires greater IRS enforcement. And greater IRS enforcement requires a BIGGER IRS. Attorney … Continue reading The Tax Gap & IRS Enforcement
