Biden Administration Backs Off on Bank Transaction Threshold
The Biden administration has backed down on a proposed requirement for banks to report consumers’ transactions totaling $600 or more annually.
Tax Central
Taxes
An Expansion of the IRS Identity Protection PIN Program
The Identity Protection PIN Program by the IRS has been opened for all eligible taxpayers. Watch this video to see if you should get one.
Tax Central
The IRS Backlog Is Causing Taxpayer Heartburn
COVID-19 brought about a perfect storm of delays in processing tax returns, which caused a monumental backup of returns waiting to be processed by the IRS.
Tax Problems
What You Need to Know About the IRS and Tax Audits
There is a real need for people to either educate themselves about the audit process or to seek professional help from someone familiar with the IRS. Learn more
Tax Problems
4 of the Most Common IRS Tax Problems
There are a variety of issues taxpayers can run into with the IRS. This breakdown discusses 4 of the most common tax problems that will cause you to receive an
Congress Introduces Tax-Preparer Regulation Legislation
Anyone preparing a tax return for compensation must have a PTIN issued by the IRS, but there are no requirements associated with obtaining a PTIN—no advan
Tax Central
The IRS is Resuming Collection & Enforcement Activities That Were Paused During COVID-19
The IRS is reporting that it is resuming “certain collection and enforcement processes that had been suspended because of the coronavirus pandemic.”
Tax Problems
Unpaid Debt Taking Your Tax Refund?
Concerned about unpaid debt affecting your tax refund? Learn how your refund may be impacted and what steps you can take to protect it.
For Business
Are You at Risk for A Trust Fund Penalty?
When an employer withholds Social Security and income taxes from an employee, those funds are the property of the government, and the employer must hold those f
The US Loses Out On $1 Trillion a Year Due to Tax Cheats
IRS Commissioner Chuck Rettig has announced the US may be losing up to $1 trillion a year in evaded taxes. Among the tax evasion techniques are cryptocurrency,