This week, the IRS granted $41 million to 34 Tax Counseling for the Elderly (TCE) and 300 Volunteer Income Tax Assistance (VITA) organizations. Both programs provide free assistance and counseling on federal return preparation: TCE to individuals 60 years and older,...
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IRS
IRS Reminder: Correctly Classify your Workers!
Recently the IRS released some tax tips for small business owners and self-employed individuals. One critical reminder for all business owners: correctly identify workers as either employees or independent contractors. Misclassifying an employee as an independent...
New IRS Filing Address for California Taxpayers
Times are changing, and more and more taxpayers are choosing to file their tax returns electronically – now 90% of all tax returns, 145 million in 2020, are electronically filed. Accordingly, at the end of this month, the IRS’ Fresno, California paper return...
Rubber Checks Meet the Tax Evasion Road
Tax evaders can certain be creative when it comes to evading the assessment of tax, or evading the payment of tax, but they often get caught. This was the case for a Utah chiropractor who used a variety of tactics to avoid paying the IRS nearly $350,000 in tax. ...
IRS Urges Tax Professionals’ Help
The IRS is asking for help from tax professionals. This week begins the IRS’ 2021 Security Summit – a five-week campaign focusing on raising awareness of tax-related identity theft. The summit is aimed at tax professionals, who are often key targets of hackers and...
IRS’ Annual Dirty Dozen List of Tax Scams
Last week, the IRS concluded its annual summertime “Dirty Dozen” – their list of the worst and most common tax scams to beware of. This year bred new scams relating to the pandemic, including Economic Impact Payment theft and Unemployment Insurance fraud. There was...
Taxpayer Advocate’s Mid-Year Review and Recommendations to the IRS
The IRS National Taxpayer Advocate, Erin Collins, has issued her annual mid-year report to Congress in which she identifies the impact the COVID-19 pandemic had on the filing season. The IRS completed the filing season this year with a backlog of more than 35 million...
Thinking of Closing Your Business?
Over the past year many California businesses have faced difficult choices, including the decision to remain operating, or to shut down. For those who have ceased business, it is important to make sure you have legally terminated your entity with the State of...
New IRS Division Announced — Tax Scheme Promoters Beware
The Office of Promoter Investigations (OPI) was announced yesterday as the IRS’ latest division targeting compliance issues. OPI will focus on those individuals who promote and peddle tax fraud and tax avoidance schemes. Before the creation of OPI, the IRS’ Small...
The DOJ Wants You to Know…
The Department of Justice’s Tax Division’s success over the last year is a reminder to all taxpayers to make sure they are reporting and filing taxes timely and correctly. Throughout 2020, the Tax Division helped investigate and prosecute a multitude of tax offenses,...
