by Daniel Pilla | Mar 25, 2022 | PTT Featured Article
Is the IRS Collapsing? The Agency is Groaning Under its Processing Burdens There is little doubt that the IRS is groaning under the burdens of administering the tax code, which now exceeds 4 million words. The question is whether the agency will collapse under...
by Daniel Pilla | Mar 7, 2022 | PTT Featured Article, Tax FAQs
THE IRS WANTS YOUR PICTUREBut It Might Have to Wait a Bit Longer About two months ago I was on the phone with an IRS Revenue Officer (RO) talking about a client’s situation. We got on the topic of the IRS’s backlog of unprocessed tax returns and the difficulty...
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...
by Daniel Pilla | Sep 29, 2021 | PTT Featured Article, Tax FAQs
WHAT’S HAPPENING WITH THE TAX LAWS Democrats Push for Massive Tax and Spending Measure On September 13, the House Ways and Means Committee released details of the massive tax-and-spend proposal championed by Democrats. This is still not yet a final package....
by Daniel Pilla | Jul 12, 2021 | PTT Featured Article, Tax FAQs
The IRS has functioned as a tool for welfare programs for years, usurping authority from Congress. This issue has been in the public spotlight due to controversial bills like Obamacare. These are bills that create more refunds than money paid in, effectively creating...
