The Audit is NOT the end of the fight. Attorney Leahy talks about responding to the IRS Notice of Deficiency, often called a 90 day letter. Going to Tax Court can be the best way … Continue reading After The Audit
CRYPTO TUESDAY!
Its CRYPTO TUESDAY everyone. Where Attorney Leahy goes through breaking news, analysis, & more, on most popular crpyto currencies, government regulations, & tax consequences, & how current investors will be impacted be these developments. Steven … Continue reading CRYPTO TUESDAY!
Audits Are Coming
The IRS Budget is under review by both parties – Some have recommended more than doubling the IRS Budget. Some have been more cautious given the history of politicization of the IRS. Attorney Leahy explains … Continue reading Audits Are Coming
STOP Foreclosure of YOUR Home
The Consumer Financial Protection Bureau (CFPB) has offered homeowners a life line – sort of. Attorney Leahy reviews the Bureau’s recent pronouncement of loss mitigation and foreclosure rules effecting the Foreclosure Moratorium. Steven A. Leahy … Continue reading STOP Foreclosure of YOUR Home
How To AVOID An IRS Audit
The IRS is ramping up enforcement – nearly doubling the size of their workforce. To pay for the increased government spending the IRS has vowed to drastically increase the number of audits. Attorney Leahy reve … Continue reading How To AVOID An IRS Audit
IRS Intensifies Audits
The IRS plans on collecting more taxes to pay for the “American Families Plan.” The IRS wants to Reduce the “Tax Gap” by increasing audits on small businesses. The IRS believes they can collect an … Continue reading IRS Intensifies Audits
IRS Warns: “Dirty Dozen” 2021 Taxcams
Every year the Criminal Investigations Division of the IRS publishes the “Dirty Dozen.” A list of the worst of the worst tax scams.Here are the top 12 for 2021: Fraudulent charities Fake payments with repayment … Continue reading IRS Warns: “Dirty Dozen” 2021 Taxcams
Remote Work May Cause Tax Troubles
COVID has proven many Workers can work from anywhere. But, by changing where you work, you are also changing how you are taxed. Attorney Leahy will discuss tax issues for the Remote Worker AND the … Continue reading Remote Work May Cause Tax Troubles
El Salvador Adopts Bitcoin as Official Currency
El Salvador becomes the first country to adopt a Cryptocurrency as legal tender – Bitcoin. Attorney Leahy discusses what this may mean for the future of Bitcoin and Cryptocurrency generally. The bigger Crypto gets the … Continue reading El Salvador Adopts Bitcoin as Official Currency
Breaking – IRS Limits Crypto Exchanges
The IRS is not letting up on taxpayers who have traded Cryptocurrencies (or as the IRS call them “Virtual Currencies”). Attorney Steven A. Leahy reviews the latest IRS Memo regarding the applicability of Section 1031 … Continue reading Breaking – IRS Limits Crypto Exchanges
