Getting Ready For Tax Season 2022 – What You Need To Know About Reporting Cryptocurrency. Cryptocurrency / Bitcoin – Is this the 21st century answer to hiding assets in Swiss bank accounts? The IRS thinks this is the case which is why the IRS has stepped up its investigation efforts to uncover non-compliant taxpayers just like […]
On January 10, 2022, the Internal Revenue Service (IRS) announced that it will process 2022 tax returns beginning January 24, 2022 (last year the opening date was February 12, 2021). April 18th Filing Deadline. The filing deadline to submit 2021 tax returns or an extension to file and pay tax owed is Monday, April 18, 2022. […]
According a report published by MDPI based in Basel Switzerland in the journal Healthcare, new analysis conducted in Spain found that younger individuals (18 to 30 years old) who consume cannabis and alcohol perform better in their sexual function, arousal, and orgasm over their counterparts who do not use either. The report noted that “alcohol, […]
How COVID-19 And Underfunding Impacts IRS Operations And Causes Refund Delays For Taxpayers. As required by law, once a year the Taxpayer Advocate’s Office (an independent Federal government department that monitors the Internal Revenue Service) must send a report to Congress describing challenges the IRS is facing, problems experienced by taxpayers in dealing with the […]
As required by law, once a year the Taxpayer Advocate’s Office (an independent Federal government department that monitors the Internal Revenue Service) must send a report to Congress describing challenges the IRS is facing, problems experienced by taxpayers in dealing with the IRS and recommendations to resolve these problems. On January 12, 2022, National Taxpayer […]
Getting Ready For The 2022 Tax Filing Season This year taxpayers get at least 3 extra days to file! On January 10, 2022, the Internal Revenue Service (IRS) announced that it will process 2022 tax returns beginning January 24, 2022 (last year the opening date was February 12, 2021). The IRS states that the January […]
While the sale of cannabis is legal in California as well as in a growing number of states, cannabis remains a Schedule 1 narcotic under Federal law, the Controlled Substances Act. As such businesses in the cannabis industry are not treated like ordinary businesses. Despite state laws allowing cannabis, it remains illegal on a federal level […]
IRS Criminal Investigation Division Releases Its Top Cases Of 2021 On January 3, 2022 the Internal Revenue Service Criminal Investigation (IRS-CI) began listing he top 10 cases for calendar year 2021 on its Twitter account which are considered to me the agency’s most prominent and high-profile investigations of 2021. IRS-CI is the criminal investigative arm of the IRS, […]
2021 Tax Filing Season – What High Income Taxpayers Should Know About Filing Late Tax Returns Every year, about 9 million taxpayers miss tax deadline or fail to file their tax returns according to data from the Internal Revenue Service. How To Handle Late Tax Returns? The Treasury Inspector General for Tax Administration on May 29, 2020 […]
New For 2022: Tax Rule Affecting People Who Use Venmo, Paypal Or Other Payment Apps. Why Tax Planning Is More Important If You Earn Income From The Gig Economy. From renting spare rooms and vacation homes to car rides or using a bike…name a service or a craft & handmade item marketplace and it’s probably […]
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