WHO REALLY GETS CREDIT FOR REVENUE BOOM

Who really gets credit for revenue boom. In the last few years it seems everything turned from ok to really bad. The economy turned downward during Covid lockdowns, then it looked like things were turning around after that first winter of Covid, then summer and increased Covid, then more lockdowns and a slower economy. Along […]

CONGRESS TO HEAR FROM IRS COMMISSIONER

Congress to hear from IRS Commissioner. IRS Commissioner Charles Rettig will report on the current tax filing season to the House Ways and Means Committee’s Oversight Subcommittee next week, the committee’s chair, Bill Pascrell Jr, D-N.J. said. The hearing will be webcast live and available at the Ways and Means Committee’s website. The Oversight Subcommittee […]

SECOND RELIEF CHECK HOW MUCH MONEY.

Second relief check how much money. How much money could you get if you qualify for a second stimulus check ? We can begin to count it up given what we know so far, especially now that there’s hope that another coronavirus relief bill with a new round of stimulus money could pass before the […]

TAX COURT CASE LASSEK MEMO

Tax court case lassek memo. The Tax Court held that a wife was entitled to innocent spouse relief that was related to the understatement of tax when her husband reported a 401(k) IRS distribution on a tax return as nontaxable. Although the IRS has conceded that the wife was entitled to the relief, the husband, […]

TAX CUTS MAKE SMALL REFUNDS.

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Tax Cuts Make Small Refunds. Next year could be worse unless you act now. Ever since the Tax Cuts and Jobs Act has been passed many tax preparers have been delivering bad news to long time clients. They owe the government money. Even though the campaign promises were that they would get a big refund, […]

ALPINE MAN OWES FOR YEARS OF UNPAID TAX

Alpine man owes for years of unpaid tax. Fifty seven year old Kevin Scott Wynn has reportedly lived part of the time in Alpine and part of the time in Mesa since 1996 but if he’s found guilty of tax evasion and failing to file tax returns he may be living up to six years […]

TAX BILL AND TAX RESOLUTION

Tax bill and tax resolution. With the recently passed  tax bill, alot of work stands in front of the IRS and tax resolution industry.  Changing the Internal Revenue Code involves more than just changing some forms. It involves changes to IRS computer programs, changes to tax tables, and deductions, along with expenses to figure out […]