UPDATE ON IRS SPENDING PLANS

UPDATE ON IRS SPENDING PLANS

UPDATE ON IRS SPENDING PLANS IRS Reveals Spending Plans for ITs Windfall In April the IRS released its long-awaited Strategic Operating Plan for how it intends to spend the $80 billion in supplemental funding granted by the Inflation Reduction Act of 2022. The making...
UPDATE ON IRS SPENDING PLANS

ERC PROGRAM UNDER ATTACK

ERC PROGRAM UNDER ATTACKProgram Named to IRS’s “Dirty Dozen” List In the February 2023 issue of PTT, I presented an article on the audit risks associated with the Employee Retention Credit (ERC). I pointed out that the IRS believes this credit is a source of...
How Not to Reconstruct Records

How Not to Reconstruct Records

HOW NOT TO RECONSTRUCT RECORDS Don’t Follow This Formula for Failure Lost or missing tax records are a regular and widespread problem. People lose records for a myriad of reasons, including fire, flood, hurricane, etc. My current client had her storage shed broken...
END OF YEAR TAX PLANNING

END OF YEAR TAX PLANNING

END OF YEAR TAX PLANNING Nine Simple Steps that Can Cut Taxes and Pain With the end of the year fast approaching, you’re probably wondering what you can do to cut your taxes. Remember: if you wait until April to start thinking about this, it’s just too late. Here are...
We Filed a Complaint against the IRS

We Filed a Complaint against the IRS

    (WE FILED!) COMPLAINT REGARDING IRS EMPLOYEE MISCONDUCT Taxpayers Defense Institute Steps Up to Protect Your Right to Counsel In the June 2022 issue of PTT, we reported on the outrageous statements made by the IRS and Commissioner Rettig regarding your...