What Happens When AI And The IRS Join Forces? We’re Just Starting To Find Out.

We are deep into the digital age and Artificial Intelligence (AI) is part of all our lives whether you are aware of it or not. AI has been in use at the […] Read More

late filing penalty

Five Million Taxpayers Failed To File And Pay

According to the latest data released by the IRS on Friday, April 21, 2023, more than five million taxpayers didn’t file their federal income tax returns on time. And without question, many of […] Read More

filing taxes

No One Likes Paying Taxes Not Even People Who Work For The IRS

I don’t know anyone who likes to pay taxes. Even though I’ve been a tax attorney for most of my career, I’ve never run across anyone excited to pay their taxes. On […] Read More

What’s More Nerve Wracking Than Filing Tax Returns? …Getting Scammed!!!

The 2022 federal tax filing season is in full swing. Over the past few years tax season has given rise to a concern that many taxpayers find equally, if not more nerve-wracking […] Read More

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