Taxes

Fake IRS Letters – What You Need To Know

Fake IRS Letters – What You Need To Know

Fake IRS Letters – What You Need To Know  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...
The IRS and Cryptocurrency: An Update

The IRS and Cryptocurrency: An Update

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...
How long should I keep records?

How long should I keep records?

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...
IRS: Open for Business Once Again

IRS: Open for Business Once Again

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...