by Brian K Walker, CPA | Published On Mar 5, 2020 | Blog, Tax
On February 19, 2020, the Internal Revenue Service (IRS) announced that it is stepping up efforts to collect on the $441 billion in outstanding taxes due by increasing face-to-face contact with taxpayers through home visits. The new program, made possible by a boost...
by Scott Albert Mitchem, CPA | Published On Nov 14, 2019 | Blog, Tax
You may have gotten a Robo or Live telephone call warning you that the IRS has issued a warrant for your arrest. Most people are not falling for that scam anymore. They know that the IRS will not call you until they have sent you exhaustive correspondence.... by PKCPA | Published On Aug 15, 2019 | Blog, Tax
At end of July, the Internal Revenue Service (IRS) issued a news release stating that it will be issuing letters to taxpayers that have potentially not reported their cryptocurrency activity for past years. This action falls in line with the IRS’s stance to start...
by PKCPA | Published On Jul 29, 2019 | Blog, Tax
The Tax Cuts and Jobs Act (TCJA) enacted on December 22, 2017 has made significant changes to the deductibility of certain types of business meals and entertainment expenses. The Act eliminates, or significantly limits, taxpayers’ deductions for meal and entertainment...
by Scott Albert Mitchem, CPA | Published On Jun 5, 2019 | Blog, Tax
This is an age old question for which there is no absolutely correct answer. There is no way to be exactly right, keeping something or destroying something each entails a certain amount of risk which no one can assume for you. Immediately below are my general...
by PKCPA | Published On Mar 19, 2019 | Blog, Tax
After a 35 day shutdown, the IRS has once again opened its doors to taxpayers and tax professionals alike. While this comes as a relief to many who were worried about their refunds, it doesn’t come without complications. The agreement was that employees of the IRS...
