Uncle Sam, the posterchild for the U.S. government and its agencies, brings visions of a strong and demanding force. The Internal Revenue Service (IRS) projects much the same image. This federal agency expects all taxpayers — individuals and businesses alike — to meet...
Reasonable Cause, First Time Abatement, Reliance on a Professional, Exercising Ordinary Care and Prudence A live 110-minute CPE webinar with interactive Q&A Thursday, December 1, 2022 (in 2 days) 1:00pm-2:50pm EST, 10:00am-11:50am PST (Alert: Event date has...
Employment Taxes & Protecting the Business Owner from Personal Liability. We will discuss best practices, speak about increased IRS scrutiny on both the civil and criminal sides, how to avoid paying your company’s taxes personally and what to do when you are over...
President Joseph Biden recently signed the Inflation Reduction Act into law, which, along with many other changes, led to an influx of funding for the Internal Revenue Service (IRS). Treasury Secretary Janet Yellen states that the agency is set to get almost $80...
In (IR 2022-162, 9/21/2022; Chief Counsel Advice 202237010) the IRS noted that many PPP loan recipients who received loan forgiveness were qualified and used the loan proceeds properly to pay eligible expenses. However, the IRS has discovered that some recipients who...
