Recently, Americans have experienced rising prices. But when it comes to economic inflation, how does this affect the taxes you are expected to pay? How
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Shedding Light on the New Requirements for Information Reporting
Over the past few years, the IRS has increased its compliance and enforcement efforts focused on payment transactions between US and foreign persons. However, these
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What’s Next For Recipients Of PPP (Paycheck Protection Program)
To keep the economy afloat, Congress introduced the Paycheck Protection Program, also known as PPP. PPP consists of potentially forgivable loans to keep employees on
Read MoreWhat Can Taxpayers Expect From The IRS As Shutdown Begins?
Millions of taxpayers expect to be ready in January when tax season opens, but will the Internal Revenue Service (IRS) be ready? With a showdown
Read More5 Things Taxpayers Are Irrationally Afraid Of – And Shouldn't Be
Tax issues cause some folks to act in an irrational manner. True, the taxman shouldn’t be ignored. But feared? Nah. Here’s my list of the
Read MoreTaxpayer Advocate IDs Most Serious Problems For Taxpayers: Unacceptably Low Levels Of Service Tops List
The hits keep coming. Just one day after Internal Revenue Service (IRS) Commissioner John Koskinen warned employees that budget cuts would lead to delayed refunds,
Read MoreTax Break Ending For Underwater Homeowners: Is It The Right Time?
As the year draws to a close, so, too, are a number of tax provisions for individuals. One of the most talked about is the Mortgage Forgiveness Debt Relief Act, which is set to expire in a few days. The provision allows taxpayers to exclude forgiven or canceled debt from a short sale, foreclosure or other mortgage relief, from taxable income. Will Congress tack on another year or just let the Act expire?
Read MoreTemporary TurboTax Glitch Stresses Out Last Minute Tax Filers
When it rains, it pours. In the midst of an already tense tax season, taxpayers had a brief moment of worry last night when the
Read MoreRomney, The 47% & The Leaked Speech That Just Won’t Go Away
Over the past 24 hours, I’ve been asked quite a bit why I have haven’t written about the leaked Romney speech. You know. This speech:
Read MoreJay-Z & Pearl Jam Bring Music To Philly
This weekend was a big weekend for Philadelphia. The city played host to Made in America, a two-day music fest, which was billed as something
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