Beware: IRS Establishes Office of Promoter Investigations. Yes, the Matter Can be Criminal
The IRS is strengthening its efforts to pursue fraudulent and/or tax avoidance transactions with the establishment of the Office of Promoter Investigations. On April 19, 2021, the IRS announced the appointment of Lois Dietrich to the position of Acting Director. IRS...
Pandemic Tax Payment Problems: What should I do if the IRS does not process my check for payment of the my taxes?
As a result of the Pandemic, the Internal Revenue Service has experienced significant delays in processing checks received for payment of taxes. In most cases, IRS Revenue Officers are recommending that Taxpayers make payments electronically via the IRS website. We...
Considering Bankruptcy for Your Corporation? This Tax Issue Might Affect Your Business’s Largest Asset
Net Operating Losses in Bankruptcy Author: David J. Warner COVID-19 is having an immeasurable effect on our lives—both personal and professional. The economic effect of this pandemic has affected businesses large and small. Many businesses have sought bankruptcy...
IRS implements new COVID-19 Initiative to Assist Taxpayers
IRS temporarily adjusts and suspends key compliance programs to help people facing the challenges of COVID-19 issues.
IRS Postpones Tax Payment Deadline to July 15, 2020
The Treasury Department announced today relief for the tax payment deadline for individuals and businesses affected by Coronavirus.