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Tax lawyers in San Jose have learned that millions of back taxes have already been collected after the recent crackdown by the IRS on rich tax cheats. The Internal Revenue Service stated that its more stringent approach to tax enforcement has begun paying off already,...
Last week, the Internal Revenue Service announced a “special withdrawal process” for filers who knowingly or unknowingly claimed the pandemic-era “Employee Retention Tax” credit when they were, in fact, not entitled to the benefit. Tax lawyers in San Jose have learned...
The 2023 tax returns of those who benefited financially from the resale of sporting event or concert tickets this year may face new scrutiny from the Internal Revenue Service. According to an IRS tax lawyer, the ecommerce-platform tax-reporting threshold was lowered...
Last week, an announcement was made by the Internal Revenue Service about plans to fill over 3,700 jobs throughout the United States so as to expand fairness to the tax system. These positions will be available in more than 250 locations. A spokesperson for the IRS...
Almost any tax lawyer in San Jose has likely heard about the pledge of the Internal Revenue Service to pursue approximately 1,600 millionaires for the purpose of collecting back taxes. A year after Congress designated additional funding to the IRS for a total in the...
Virtually any San Jose tax lawyer knows the Internal Revenue Service has announced plans to provide digital correspondence for next year’s tax season. Over the last decade, the IRS has been attempting to improve their overall service, and this most recent goal of...
An Internal Revenue Service tax attorney has learned that ahead of Wednesday’s drawing, the estimated amount of the new Powerball jackpot total is about $1 Billion. According to the lottery, this makes it the seventh-largest prize in the history of this particular...
Bill Romanowski, once a linebacker for the Denver Broncos, has rarely been far from controversy. Hiring a back-tax attorney may be next on his to-do list if he is indeed guilty of tax evasion, as the Department of Justice claims. The famous football player enjoyed a...
Near the beginning of the 2020 Covid-19 pandemic, certain investors were allowed to withdraw up to $100,000 from 401(k) plans and individual retirement accounts without the usual penalties and restrictions. The federal relief law passed in the spring of 2020 provided...
The New York Attorney General has stated that TurboTax will be sending approximately $141 million to American taxpayers as part of a court settlement. The agreement was reached last year by Intuit, the parent company of TurboTax, after they were accused of misleading...
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