As the Use of Cryptocurrency Gains Popularity, IRS Enhances Its Enforcement Procedures FBAR Reporting Requirement Every year, under the law known as the Bank Secrecy Act, U.S. persons … [Read more...] about John Doe Subpoena to Identify Foreign Holdings
IRS Tax Planning Ideas, Tips & News
Currently-Not-Collectible (CNC) Status – A Tax Resolution Alternative
Resolving a taxpayer’s tax debts with the IRS usually falls into one of three major categories. These three settlement options are offers-in-compromise (OIC), installment agreements (IA) and … [Read more...] about Currently-Not-Collectible (CNC) Status – A Tax Resolution Alternative
Check Your Mailbox for your IRS Debit Card
The Treasury Department and the IRS are issuing millions of second Economic Impact Payments (EIP) by prepaid debit card to speed delivery of the payments to as many people as possible. How to Check … [Read more...] about Check Your Mailbox for your IRS Debit Card
You Are Now Eligible for an IRS Identity Protection Pin
The IRS expands its Identity Protection PIN Opt-In Program to All Taxpayers Who Can Verify Their Identities What Is an Identity Protection Pin? The Identity Protection PIN (IP PIN) is a … [Read more...] about You Are Now Eligible for an IRS Identity Protection Pin
What Does “Getting Into IRS Tax Compliance” Mean?
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?
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
