by Daniel Pilla | Dec 12, 2024 | Urgent deadlines
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 some ideas to get you...
by Daniel Pilla | Oct 8, 2024 | PTT Featured Article
THREE TRUMP TAX CUT IDEAS Are They Sound? As the 2024 presidential election cycle heats up, the candidates are throwing out a growing list of proposals designed (primarily) to attract voters. Democrats generally rely on the strategy of handing out government benefits...
by Jean | Jul 29, 2024 | PTT Featured Article
THE REFILING OFA NOTICE OF FEDERAL TAX LIEN Does a Refiled Notice of Lien Give the IRS More Time to Collect? There is a great deal of confusion associated with the IRS’s Notice of Federal Tax Lien, Form 668. First, the notice creates confusion for citizens because...
by Daniel Pilla | Jun 20, 2024 | PTT Featured Article
IRS LAUNCHES NONFILER INITIATIVE Agency Targets Millions of Tax Return Nonfilers Each year, millions of citizens required to file tax returns fail to do so. According to an analysis by the Treasury Inspector General for Tax Administration (TIGTA) released in 2020,...
by Daniel Pilla | Mar 15, 2024 | PTT Featured Article
WILL THE SUPREME COURT CHANGE FUNDEMENTAL TAX POLICY? Is There a Disaster in the Making? The “base” of our federal tax system is “income.” That is, the scheme seeks to capture the amount of “income” an individual or business earns over the course of a year, then...
by Daniel Pilla | Feb 19, 2024 | PTT Featured Article
HERE COME THE NOTICES! The IRS is Back in the Collection Business After a hiatus of over two years in mailing automated collection notices to delinquent citizens, the IRS is firing up the collection machine once again. This means that millions of citizens will soon...
by Daniel Pilla | Dec 8, 2023 | PTT Featured Article
HOW TO RELEASE WAGE AND BANK LEVIES CLAIMS A Deep Dive Into the Idea of “Economic Hardship” The IRS issues hundreds of thousands of wage and bank levies annually. At best, the levies cause much disruption in one’s life as bank accounts and paychecks get swept up. At...
by Daniel Pilla | Dec 7, 2023 | PTT Featured Article
IRS PANICKING OVER ERC CLAIMS Agency Concerned that “Aggressive Marketing” Responsible for Bogus Claims Congress created the Employee Retention Credit (ERC) as part of the CARES Act of 2020. The CARES Act was one of six pieces of legislation enacted between March...
by Jean | Oct 20, 2023 | PTT Featured Article
TAX COURT REMANDS CDP CASE TO DEVELOP A RECORD Judicial Review Impossible Without an Adequate Record The recent Tax Court case of Bickel v. Commissioner, Docket No. 22038-22L, provides great insight into the manner in which the IRS is to conduct Collection Due Process...
by Daniel Pilla | Aug 1, 2023 | PTT Featured Article
COURT ORDERS ENFORCEMENT OF SUMMONS FOR CRYPTO DATA Digital Currency Trading Information is NOT Private In case you continue to believe that your digital currency trades are private, consider this. A United States District Court in California, on June 30, 2023,...
