I had the opportunity to listen to a podcast hosted by attorney Eric Green. His guest on the podcast was Rocco Steco, the Acting Director for Collection Policy at the IRS. Many temporary … [Read more...] about IRS Collections – Updates
Keystone Financial Solutions
Happy Birthday to Health Savings Accounts
As health insurance premiums get increasingly expensive, employers are looking to shift costs to their employees. They do this by having a high deductible health plan (HDHP). These plans … [Read more...] about Happy Birthday to Health Savings Accounts
Real Estate 721 Exchange
Real estate investors are more familiar with the 1031 exchange, a like-kind exchange. This is where the owner exchanges their rental property for a new property at equal or greater value and can … [Read more...] about Real Estate 721 Exchange
Corporate Transparency Act
In the aftermath of the released Panama Papers, US lawmakers enacted the Corporate Transparency Act. The law's stated purpose is to combat money laundering through shell companies in the United … [Read more...] about Corporate Transparency Act
$175 Billion of Unreported Income Targeted by IRS Wealth Squad
Top 1% of wealthy taxpayers failed to report 20% of their income IRS Creates Wealth Squad IRS Commissioner Charles Rettig has requested that Congress increase the IRS's budget. Rettig has … [Read more...] about $175 Billion of Unreported Income Targeted by IRS Wealth Squad
Steps to Take Upon Receipt of an IRS Notice
If you receive a notice from the IRS, do NOT ignore it. Far too many taxpayers do not open IRS mailings thinking the worse Reasons IRS Sends Notices to Taxpayers The IRS mails letters or … [Read more...] about Steps to Take Upon Receipt of an IRS Notice
