Tax Helpers Blog
President Biden Announces $900 Million Investment in EV Charging Stations
In a speech made in Detroit on Wednesday, President Biden announced the approval of $900 million for charging stations for...
Bar Set High for New Electric Vehicle Tax Credits
For most people, tax planning involves taking advantage of tax credits whenever possible. A new bill, recently signed into...
Estimate Predicts 10.5% Cost-of-Living Adjustment for Social Security Recipients
Because of the past few years’ skyrocketing inflation rates, those who draw Social Security are in line to receive a...
Shakira Refuses Plea Deal for Tax Fraud
Colombian pop singer Shakira has refused to accept the deal offered to her by Spanish prosecutors regarding tax fraud. The...
IRS Crushed by Tax Return Backlog as Pileup Surpasses 21 Million
The ongoing backlog at the Internal Revenue Service has continued to balloon over the past year, in spite of its efforts to...
Horse Seized by IRS Sold Back to Owner for a Fraction of Its Worth
A tax attorney in Walnut Creek has discovered that the US Government has recently sold a show jumping horse back to its...
IRS Increases Mileage Deduction Due to Skyrocketing Fuel Prices
In a rare, generous move, the Internal Revenue Service has increased a mileage deduction to offset fuel costs. Tax...
Crackdown on Lost Cryptocurrency Revenue Underway
A crypto tax attorney would probably be the first to tell you that a crackdown is underway by the Internal Revenue Service....
Avoid These Two Common Crypto Mistakes on Your Taxes
It would not be uncommon to hear tax attorneys in San Jose discussing the fact that 2022 will be the first year many...
Study Shows 57% of US Households Owed No Federal Income Tax in 2021
In 2021, more than 50 percent of American households paid zero income tax to the Internal Revenue Service. According to a...
The 2022 IRS Crisis and What You Need to Know
A chaotic tax filing season may be on the horizon. On Wednesday, in a detailed report given to Congress, the National...
Why Is Tax Filing So Expensive for Americans?
Virtually any tax-planning professional would agree that filing taxes in the United States is both expensive and...
When can I file my 2021 Tax Returns?
IRS Offers Alternate Timeline for Filing 2021 Tax Returns Monday, the Internal Revenue Service indicated that it would...
Elon Musk Tweets His $11 Billion Tax Bill to “Anyone Who’s Wondering”
Tax attorneys in San Jose have been following stories about Elon Musk, CEO of Tesla Motors, and the selling of his Tesla...
East Bay Tax Preparer Accused of Tax Fraud over Three-Year Period
Accusations have been made against Traci Austin, a tax preparer in the East Bay area, alleging that she submitted false tax...
IRS Can Monitor Payment App Transactions Under New Tax Reporting Regulation
If you have consulted a tax attorney in San Jose about the new tax reporting regulation, you have probably discovered that...
Selling of Stocks May Help Elon Musk Pay $15 Billion Tax Bill
Elon Musk, CEO of Tesla, is currently facing a $15 billion tax bill. Tax attorneys in San Jose speculate that it is likely...
Mega-IRAs over $5 Million May Face New Rules Under Democrats
If you are considering tax planning strategies, you may be interested to know that Democrats might be changing the...
US Treasury and Congress Argue About Biden’s IRS Bank Account Reporting Bill
The White House and the Treasury Department hotly debated Republicans in a sharp, back-and-forth dialogue concerning...
Rapper 50 Cent Gets Vocal About Biden’s Tax Hike, Says He’s Moving to Texas
Celebrity rapper “50 Cent” has mentioned more than once that he would be moving to Texas if President Joe Biden’s tax plan...
What You Need to Know About the Taxation of Cryptocurrencies
The adoption of bitcoin as legal currency in El Salvador may have been a milestone event for cryptocurrency. However, in...
Gold Bounces Back After Sharp Plunge but Remains Under Strain
Gold Bounces Back After Sharp Plunge but Remains Under Strain At the beginning of Asian trading on Monday, gold took a...
Crypto Industry Faces Defining Moment with New Tax Reporting Proposal
The recent $1 trillion infrastructure bill includes a reporting proposal regarding cryptocurrency. This has led to...
Olympic Medal Will Cost Ledecky $44,000 in Taxes
After returning from Tokyo last month, swimming phenomenon Katie Ledecky and pole-vaulting marvel Katie Nageotte have been...
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