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
IRS tax payments
Vacation Properties Owned by Real Estate Professional Not Considered a Rental Activity by the IRS
Court Agrees with IRS that Real Estate Professional's Losses Were Considered Non-Deductible Passive Losses A Tax Advantages of Being a Real Estate Professional Is that Rental Losses Are Not Treated … [Read more...] about Vacation Properties Owned by Real Estate Professional Not Considered a Rental Activity by the IRS
17 Million Taxpayers at Risk
Taxpayers Who Lost Their Jobs or Had Their Hours of Work Substantially Reduced May Wind Up In IRS Collections As We Continue to Endure the Health and Financial Ravages of the Corona Virus, … [Read more...] about 17 Million Taxpayers at Risk
Are My Unemployment Compensation (UC) Benefits Tax-Free or Taxable? What about the $1,200 Stimulus Check I Received?
What You Need to Know about Your Unemployment Compensation Benefits and Tax Stimulus Check Perhaps You Were One of the Millions of Taxpayers Who Lost their Job, Had their Work Hours Reduced, or … [Read more...] about Are My Unemployment Compensation (UC) Benefits Tax-Free or Taxable? What about the $1,200 Stimulus Check I Received?
Where Is My 2019 Tax Refund? Is There a Problem?
Are You Concerned that Your Refund was Lost or a Victim of ID Theft? Perhaps You Filed Your Return in April, May or June, and You Still Have Not Received Your Refund. You are Understandably Eager … [Read more...] about Where Is My 2019 Tax Refund? Is There a Problem?
Failure to Disclose Foreign Holdings (FBAR) – Taxpayer Found to have Committed Fraud
Taxpayer is found to have committed fraud by willfully failing to comply with FBAR reporting requirements. FBAR Reporting Requirement Every year, under the law known as the Bank Secrecy Act, … [Read more...] about Failure to Disclose Foreign Holdings (FBAR) – Taxpayer Found to have Committed Fraud