Articles

The IRS Gets More Real About Their Interest In Virtual Currencies

Some call it cryptocurrency. Others call it virtual currency. Some refer to digital assets. The IRS now lumps each of those things and more, including non-fungible tokens (NFTs) into the singular phrase […] Read More


Year-End Tax Scam And Tax Prep Alerts

The 7th National Tax Security Awareness Week kicked off on November 28th during which the IRS released information urging everyone to be aware of holiday scams and to protect their personal information. […] Read More


You’re Not Alone If You Still Haven’t Received Your 2020 or 2021 Tax Return

As we come to the end of another year and start preparing for the 2022 tax filing season, there are more than 6 million taxpayers whose tax returns have not been processed […] Read More


A Hodgepodge of Loose Ends To Tie Up Before The 2022 Tax Filing Season

This final quarter of 2022 has already been flooded with announcements from the IRS that will affect many taxpayers in the upcoming tax season. Who knows, there may be even more before […] Read More


IRS Intent On Cracking Kraken Cryptocurrency Investors’ Identities

The IRS is determined to crack the identities of cryptocurrency investors. They are now on the hunt toward that end with a John Doe summons. A John Doe summons gives the IRS […] Read More


When NFTs Make You Say WTF

We’ve seen the arrival of cryptocurrency. We’ve seen it rise to great heights and are now watching it plunge to new lows. Some investors have made millions, while some have lost millions. […] Read More


You’ve Received An IRS Balance Due Notice

With the backlogs and confusion created by the pandemic, the IRS announced that it would suppress sending out many balance-due reminder notices until they caught up on processing paper returns, correspondence, and […] Read More


Fewer Audits For The Wealthy More For The Poor

No matter how you look at this pattern coming out of the IRS it only makes sense when you know that the poor taxpayer is more vulnerable and less armed to defend […] Read More


You Might Wish You Hadn’t Received Your Tax Refund Yet

As taxpayers, we know that if we owe the IRS money and don’t pay on time, we’re going to be charged interest. Well, let’s turn the tables. Wouldn’t it be nice if […] Read More


IRS Attention Affecting Crypto Investors Like Kryptonite

If you suddenly feel as though you were a superhero cryptocurrency investor exposed to kryptonite, you are not alone. The IRS tends to have that effect. (If you’re not a Superman fan, […] Read More