The Internal Revenue Service (IRS) has issued final regulations relating to section 1031 like-kind exchanges. 1031 Like-Kind Requirements We call them 1031 like-kind exchanges because
Read MoreAuthor: Kelly Phillips Erb
Kelly Phillips Erb is a tax attorney, tax writer, and podcaster.
2020 Stimulus Check Deadline Coming Soon
Chances are, you’ve already received your stimulus check this year. But if you haven’t, and you qualify for one, you need to act fast if
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As Frustrations With IRS Grow, Tax Pros Reach Out To Congress
#TaxTwitter has been abuzz about a flurry of notices of intent to levy (CP504) sent to taxpayers this week. The notices appear to have been
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As IRS Takes Additional Steps To Protect Your Privacy, Your Tax Transcript May Look Different
The Internal Revenue Service (IRS) continues to take steps forward in efforts to protect taxpayer data. Two years ago, the IRS moved to provide more
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IRS Reminds Eligible College Students To Register For A Stimulus Check
The Internal Revenue Service (IRS) is reminding qualified college students that it’s not too late to register for a stimulus check. If you are a self-supporting
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Lyft and Other Gig Drivers Will Remain Independent Contractors After California Vote
It’s not just the federal race that made news on Election Day: state and local initiatives were on also on the ballot. In California, that
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IRS Offers Additional Help With Tax Bills During Pandemic
The Internal Revenue Service (IRS) has announced some changes to its collections processes to assist taxpayers who have been impacted by COVID-19. Specifically, the IRS
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Imposter Nurse Sentenced To Prison After Conviction On Tax Charges
A woman who faked her resume for years in exchange for high-paying executive gigs is finally going to prison. That was the word out of
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The Stock Market Is Not The Economy: A Quick And Dirty Explanation
I often say that the stock market is not the economy. That’s been especially apparent in 2020 as indicators like unemployment rates, consumer confidence, and
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IRS Updates Penalty Amounts For 2021 Tax Year
The Internal Revenue Service (IRS) has announced the annual inflation adjustments for the tax year 2021 – and that includes penalty amounts. Here’s a quick look
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