by Daniel Pilla | Feb 15, 2022 | Tax FAQs
IRS to Limit How Much It Will Seize A common question with delinquent citizens is whether the IRS can levy social security benefits. The answer, unfortunately, is yes they can, and worse, they do so regularly. Before intercepting an SS payment, the IRS generally sends...
by Daniel Pilla | Feb 15, 2022 | Tax FAQs
PASSPORTS AND THE IRS They Have More in Common Than You Might Think I’ve written in past issues of this newsletter about various rumors afoot that connected passports and the IRS. The rumors suggested that if you owe the IRS money, your passport could be...
by Daniel Pilla | Jan 25, 2022 | Tax FAQs
BIDEN ADMINISTRATION INTENDS TO TURN THE IRS’s DOGS LOOSE Who Will be Targeted When it Does? The IRS is collapsing under the weight of 10.3 million tax returns. That’s the number of returns the IRS is currently sitting on (and has been since about April...
by Daniel Pilla | Dec 21, 2021 | PTT Featured Article, Tax FAQs
BIDEN ADMINISTRATION INTENDS TO TURN THE IRS’s DOGS LOOSE Who Will be Targeted When it Does? One of the key elements of Biden’s Build Back Better scheme is to spend $80 billion over the next ten years on the IRS. To put this in perspective, the IRS’s...
by Daniel Pilla | Nov 3, 2021 | PTT Featured Article, Tax FAQs
WHITE HOUSE ABANDONS BANK REPORTING PLAN…For Now The wildly invasive plan to require banks, credit unions, and other financial institutions to report account data to the IRS on an annual basis was abandoned by the White House…for now. The plan would have...
