The IRS just made an unprecedented announcement. They’re moving fast, to protect the American taxpayer from scams, from these so called ERC or employee retention tax credit promoters.

If you didn’t know, this was the $26,000 tax credit for small businesses who kept employees on payroll during th...

Fake IRS letters are going around again. I want to arm you with the information you need so that you never get scammed by a fake IRS letter.

I’ll provide a few examples, and after reading this blog post, you’ll have the information you need to never get tricked by an IRS scam letter.

Spotting a...

People are wondering about the ramifications of taxes with everything that’s going on with Anthony Farrer of the Timepiece Gentleman.

I don’t know if he is or he isn’t filing his tax returns and paying his taxes, but he probably isn’t. The question is...

Can Anthony Farrer Go to Jail for Not Pa...

Here's an updated video on the best way to call the IRS by telephone. I’ll give you two options to quickly navigate the IRS automated telephone maze. And this should allow you to quickly speak to a live person at the IRS in the shortest possible time.

Calling the IRS can be intimidating and very...

The new 1099-K rules are here to stay and will affect many people, like you and me, and not just those with a small business.

The problem is, this year, you’ll probably receive a new IRS form 1099K tax form, that must be reported on your tax return. In previous years you probably never even knew...

A user on Reddit asks a very good question...

Why doesn't the IRS just send you a bill stating how much you owe?

Now that’s a great question.

Why doesn’t the IRS just send you a bill for what you owe? After all, they have all of your tax documents showing the income you earned throughout the y...

Breaking news from the Internal Revenue Service! 

The IRS just announced that they are sending out 8 million CP14 balance due notices starting this month.

What is an IRS CP 14 notice?

It’s the first notice the IRS sends you telling you that you owe them money. 

So, the IRS just announced that...

Someone asked in one of my videos:

A popular luxury watch dealer has been paying his employees by way of paying for the rent for their beach front apartment, and other things like leasing a Corvette for the videographer to use. Is this legal? Can you comment on that from a tax point of view?

It...

As a tax professional for many years, my advice is to always file your tax returns. I know that seems obvious. But sometimes life happens and we find ourselves falling behind with lots of important stuff especially filing your taxes.

In this blog post, I’ll share a story about a friend of mine, ...

I want to clear up some confusion and misconceptions that go along with filing a tax extension. This information applies to individuals, sole proprietors, single member LLCs, and side hustle business owners.

The reality is, when someone hears that their tax professional insists on filing an exte...

A question that comes up quite frequently is, what should you do if you can’t pay your taxes or if you can’t pay your taxes on time? It’s a great question, it’s actually a common question, and whatever you do, don’t panic.

In this article, I’ll share some ideas on what to do along with minimizin...