Will you get one of the 20,000 letters from the IRS denying your ERC claim?
The Internal Revenue Service (IRS) announced that more than 20,000 letters would go out this week to inform Taxpayers of a disallowed...
1099-K Third Party Reporting Delay Does Not Change The Tax Implications
The IRS announced and released today Notice 2023-74, read their announcement here, this notice provided a further transition period for...
IRS Orders immediate stop to Employee Retention Tax Credit claim processing
Moments ago the Internal Revenue Service (IRS) placed a moratorium on the processing of new claims until at least 2024. Read the entire...
Tax Court rules the IRS lacks the authority to impose penalities for failure to file Form 5471.
Bottom Line: The U.S. Tax Court held that the IRS did not have statutory authority to assess penalties under section 6038(b) against a...
Taxpayer Friendly Supreme Court Ruling RE FBAR Penalties
On occasion the Supreme Court can be surprising and this ruling is no exception. In a 5-4 decision, last week the Supreme Court ruled...
IRS Doubles Down on ERTC Warning
The IRS again issues a warning to the public about Employee Retention Tax Credit "promoters" urging ineligible entities to file for the...
What does the future hold? Hopefully not estate taxes.
Planning for the future is never easy, but in 2020 it seems to be even more difficult than usual, although I guess that is the standard...
I Heard Probate is BAD, Can I Avoid It With A Will?
I've heard many times that people know they WANT to avoid probate, but they don't know WHY or HOW. It can be true that probate can often...
Virtual Notarization in MA
Govenor Baker signed S.2645 today to allow for remote notarization. This Act allows for licensed notaries to perform notarial acts...
What does the future hold?
Anyone who tells you they have the answer to this question must be foolish, right? Well that is partially true; however, being prepared...
MASS moves personal income tax filings to July 15
The State of Massachusetts Senate President, Karen Spilka, along with other leaders in the state have announced that they will be taking...
IRA Conversion Opportunity (Backdoor Roth)
Does converting your traditional IRS into a Roth make *cents?
Treasury and IRS Issue Guidance to Taxpayers during the Coronavirus (COVID-19).
IRS issues guidance to taxpayers on impact of COVID-19 for the April 15th tax deadline
IRS Delay Tax Filing Date to July 15th, 2020.
IRS issues guidance to taxpayers on impact of COVID-19 for the April 15th tax deadline












