Experienced-Diligent-Effective
Articles and News
Alabama Tax Audit Targets
How does the Alabama Department of Revenue choose taxpayers for audit.
IRS Expat Filing Program--Amnesty
IRS Streamlined Filing Program for Expat non-filers seeking amnesty on income tax filings and FBAR.
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.
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
IRS COVID-19 People First Initiative
IRS COVID-19 Tax Relief and the People First Initiative
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.
Internal Revenue Service Standard Mileage Rates
2019 Internal Revenue Service (IRS) Standard Mileage Rates.
Taxation of Alimony
Taxation of alimony under Trump’s tax plan and prior tax law with an analysis of divorce and taxation pursuant to Alabama state law.
IRS Tax on Employer Owned Life Insurance
Employer-owned life insurance policies issued after August 17, 2016 are subject to taxation by the IRS unless they qualify for an exception.
Taxes on Using Ebay and Paypal
Sellers who use Ebay and Paypal or other payment processors may receive Form 1099-Ks.