Experienced-Diligent-Effective
Articles and News
Tax Preparer Due Diligence Penalties-Part 1
Tax Preparer penalties that can be imposed by the Internal Revenue Service.
Online sellers--IRS Delays Reporting Requirement
IRS delays $600 Form 1099-K reporting rule on Venmo, PayPal
Alabama Tax Audit Targets
How does the Alabama Department of Revenue choose taxpayers for audit.
IRS Rule on PayPal and Venmo Transactions
New IRS 1099-K Rules on Payment Processor Payments
More IRS Audits
IRS audits have increased in recent months, especially for higher-income taxpayers, corporations, and partnerships.
IRS--Back to the Office, Appeals and Tax Court
IRS employees are going back to their offices and backlogged Tax Court cases are being assigned to Appeals.
Implications of New Build Back Better Plan
Summary of the latest Build Back Better Act Tax Provisions and Impact.
IRS Funding, Audits and Bank Accounts
Spending Proposals IRS budget increase will result in more audits and more information reporting requirements for banks.
Second Round of PPP
The Second Round of Paycheck Protection Program loans is available to help individuals and businesses affected by COVID.
Taxation of Personal Sickness/Injury and/or Disability Lawsuit Settlement Awards
Taxation of Legal Settlements from Personal Injury, Personal Sickness, Disability Insurance Awards
Non-Qualified Stock Options-Private Companies
Taxation of non-qualified stock options of private companies
SBA PPP Loans-Funding and The Self-Employed
COVID-19 SBA Paycheck Protection Loans for the Self-Employed
IRS COVID-19 People First Initiative
IRS COVID-19 Tax Relief and the People First Initiative
IRS Extends Tax Due Dates
Internal Revenue Service extends due dates for filing and paying
Summary of The Trust Fund Recovery Penalty
Summary and computation of Trust Fund Recovery Penalty
Coach's IRS Tax Court Win
Coach Saban wins a Tax Court case against the IRS involving a worthless debt on $2 million dollars he had loaned for a real estate construction project.
