Monday December 12, 2022 – The new tax season is closing in on us. Many taxpayers want to file their tax returns as early as possible, to get their refund quickly. The IRS is set … Continue reading IRS – “Hold Off On Filing Your 2022 Tax Return”
FTX – IRS Ponzi Rules?
Thursday December 8, 2022 – FTX is in bankruptcy. If a taxpayer has losses from their investment in FTX these “customers will face a nightmare when they file their income tax returns next year.” Much … Continue reading FTX – IRS Ponzi Rules?
Reversing Cash App Rule?
Wednesday December 7, 2022 – I have been shouting from the roof tops about the $600 limit for 1099K reporting I have even predicted that, once taxpayers are faced with this monstrosity, Congress would take … Continue reading Reversing Cash App Rule?
Crypto, Loss Harvesting, & The IRS
Crypto-Tuesday, December 6, 2022 – With the falling price of Cryptocurrencies there is talk that some new rules, due to take effect in 2023, may be postponed. Specifically, the new rule requiring crypto exchanges and … Continue reading Crypto, Loss Harvesting, & The IRS
IRS Interest Rate Increases Hurt
Thursday December 1, 2022 – Inflation has an impact most don’t notice. Inflation exasperates IRS problems. How? The IRS charges interest on all past due balances – and the interest is compounded DAILY. Yes, daily. … Continue reading IRS Interest Rate Increases Hurt
Ye! Tax Troubles
Wednesday November 30, 2022 – Yesterday, Ye (formally Kenya West) appeared on Tim Pool’s PodCast. On that show, Ye told the world “But I found out — OK, so they froze, they put a $75 … Continue reading Ye! Tax Troubles
Crypto Criminal Investigations
Tuesday November 29, 2022 – The IRS will spend $80 Billion, mostly on collections. Part of the collection plan includes expanding the IRS Criminal Investigation Unit. And the Criminal Investigation Unit is focused on Crypto … Continue reading Crypto Criminal Investigations
IRS Warning!
Monday November 28m 2022 – Well, the IRS is now WARNING taxpayers about 1099-Ks. Something this channel has been warning about from the beginning of this idea of the Cash App information return requirements found … Continue reading IRS Warning!
Tax Data Breech
Wednesday November 23, 2022 – There is some disturbing news about your most private data – your tax data. It appears that some of the top tax preparation software companies have been sharing taxpayer data … Continue reading Tax Data Breech
Buy 1 BitCoin A Day!
Tuesday November 22, 2022 – It is Crypto-Tuesday – Today we revisit El Salvador. It was just about a year ago, September 2021, that the El Salvador government adopted bitcoin as legal tender along with … Continue reading Buy 1 BitCoin A Day!
