When a taxpayer is attempting to settle his debt with the IRS, the taxpayer is required to be “in tax compliance” The Burden Is Upon The Taxpayer To Prove Tax Compliance for the Current Tax … [Read more...] about What Does “Getting Into IRS Tax Compliance” Mean?
Archives for December 2020
IRS Renews its Focus on High Income Non-filers
The IRS is allocating more resources to collect taxes from high income taxpayers who fail to file their tax returns Taxpayers Who Made Over $100,000 & Not Filed a Return Before 2019 Are … [Read more...] about IRS Renews its Focus on High Income Non-filers
Offer in Compromise Scams
OIC Predatory Firms Charge Exorbitant Fees and Make Exaggerated Claims of Success Caution: Don't Fall Victim to an Offer in Compromise (OIC) Scam Predatory Marketing Techniques Take Advantage of … [Read more...] about Offer in Compromise Scams
Form 1099-NEC Replaces Form 1099-MISC
New Reporting Rules for Non-Employee Compensation of $600 or More There is a new Form 1099-NEC, Nonemployee Compensation, for business taxpayers who pay or receive nonemployee … [Read more...] about Form 1099-NEC Replaces Form 1099-MISC
IRS Announces 2020 W-2 Filing Due Date
IRS Announces Feb. 1 2021 As Due Date to File 2020 W-2s IRS IR-2020-269 Announces Feb. 1 2021 As Due Date to Send W-2s to IRS and Employees The Internal Revenue Service reminds employers … [Read more...] about IRS Announces 2020 W-2 Filing Due Date
IRS Announces New ID Theft Protection Program
Starting in January 2021, the IRS will allow all individuals to receive an IP PIN The IRS will unveil a portal in mid-January 2021 expanding its IP PIN ID Theft Program to all Individual … [Read more...] about IRS Announces New ID Theft Protection Program
