irsaudit: Trump, Musk, and the IRS: Surviving the Tax Season Rollercoaster
- 03/13/25 05:31 PM
Salt Lake City — Tax season is here, and if you're feeling like you're caught in a whirlwind of confusion, you’re not alone. Between President Trump, Elon Musk, and the IRS making headlines, it’s hard to know where to look. Add in changes to tax laws and, well, you might feel like you need a seatbelt just to survive filing this year. But don’t worry, we’ve got you covered. Here’s the lowdown on the chaos and how to handle it. What’s All the Fuss About? Let’s start with the basics: The IRS has been dealing with a lot. Between ever-changing tax laws, mounting … (1 comments)
irsaudit: IRS FILING TIPS AMID WORKFORCE REDUCTIONS
- 03/10/25 09:09 AM
IRS FILING TIPS AMID WORKFORCE REDUCTIONS: Salt Lake City, Utah - Tax season is stressful enough without the added chaos of IRS workforce reductions. With recent reports of the IRS cutting thousands of jobs, taxpayers are left wondering: Will my refund be delayed? Will my tax issue fall through the cracks? The good news? You can take steps to stay ahead of the game and ensure your return is processed smoothly. Beat the Rush: File Early! With fewer IRS employees on hand, the earlier you file, the better. Procrastination might seem tempting, but waiting until the last minute increases your chances of delays, errors, … (2 comments)
irsaudit: The IRS Is Shrinking – But Not Going Away!!!!
- 03/06/25 12:24 PM
Salt Lake City -- The Trump Administration’s proposal to cut the IRS workforce by 50% by the end of the year has set the stage for massive changes in how the agency operates. Bloomberg reports that over 2,000 Employees—those who answer the phone for the IRS—have already been let go, retired early, or accepted severance packages. While many agree that a reduction in the IRS workforce is necessary, there are significant implications for taxpayers. The immediate consequence of these cuts will be longer wait times for IRS services. As a result, taxpayers will experience more frustration and delays when dealing with the … (4 comments)
irsaudit: ERC MORATORIUM – WHAT DOES THAT MEAN?
- 10/22/23 08:52 AM
SALT LAKE CITY, UTAH – I previously wrote about the IRS’s announcement on September 14, 2023 of the processing moratorium the IRS was placing on the Employee Retention Credit (“ERC”) claims. The IRS announced that it will not be processing any newly filed ERC claims until it works through its backlog of more than 600,000 claims. The IRS stated it estimates it will not be processing claims until next year. The moratorium does not mean that the IRS is shutting down the ERC program. The IRS does not have the power to do that; only Congress and the President can do that. … (1 comments)
irsaudit: IRS ORDERS IMMEDIATE STOP TO ERC PROCESSING THROUGH YEAR’S END
- 09/15/23 03:21 PM
SALT LAKE CITY, UTAH – When it comes to the Employee Retention Credit (the “ERC”), it seems like every time I start a multi-part analysis of the ERC something changes. Yesterday, the IRS published a notice informing taxpayers that the IRS has imposed a moratorium on processing new claims for the ERC through year’s end so that the IRS can add more safeguards to prevent future abuse and to protect businesses from predatory tactics. In addition, the IRS announced that it will be working with the Justice Department to pursue fraud fueled by aggressive marketing. Here is the link to the … (0 comments)
irsaudit: EMPLOYEE RETENTION CREDIT 5 MYTHS – MYTH NO. 1
- 09/10/23 08:54 PM
SALT LAKE CITY, UTAH – If you are a business owner applying for the ERC, you may have been guaranteed $26,000 per employee by a third-party ERC preparer. The IRS recently cautioned taxpayers applying for the ERC to do so with their eyes-wide-open as to those to-good-to-be-true promises. It is important to get it right as to whether your business is eligible for this tax credit. The IRS recently published a 72-page training guideline for its tax examiners. So, time to sharpen your pencil and understand the five new myths about the ERC. MYTH NO. 1: If you were affected by COVID … (2 comments)
irsaudit: EMPLOYEE RETENTION TAX CREDIT RISKS
- 08/26/23 02:46 PM
EMPLOYEE RETENTION TAX CREDIT (“ERC”) RISKS: SALT LAKE CITY, UTAH – I have blogged a lot about the ERC and potential risks and problems associated with the ERC and unscrupulous third-party tax credit preparers. The IRS sent out a notice informing taxpayers that the IRS is entering into a new phase of ERC work and audits. See: https://www.irs.gov/newsroom/irs-commissioner-signals-new-phase-of-employee-retention-credit-work-with-backlog-eliminated-additional-procedures-will-be-put-in-place-to-deal-with-growing-fraud-risk Ever since the ERC became widely available, there has been a boom in third-party preparers making overly promising claims about businesses’ eligibility for the ERC credit and leading taxpayers to claim credits that they may not have been eligible for. Starting in September of … (0 comments)
irsaudit: WHAT HAPPENS IF I AM AUDITED AND I HAVE RECEIVED THE ERC?
- 08/13/23 08:39 PM
Salt Lake City, Utah – Over the last few months I have blogged about the ERC and ERC mills that have been aggressively targeting taxpaying business owners. I have also blogged about tax audits and what does that mean if a taxpaying business owner has received the ERC. Today, I want to talk about the tax audit process.
Our office has been contacted by various taxpayers recently about the taxpayer receiving a tax audit letter from the IRS. If the taxpayer has received the ERC, it has been amazing to me to see the taxpayer panic. The panic comes from concerns … (1 comments)
irsaudit: CRIMINAL CONCERNS RELATED TO THE ERC
- 07/30/23 07:30 PM
Salt Lake City, Utah – It has been a few weeks since I have posted about the ERC or any tax topic for that matter. Any free time that I have had over the last few weeks has been spent with my youngest son, Andrew. Last Wednesday, Salli and I dropped off our son, Andrew, at the Mission Training Center in Provo, Utah, where Andrew will prepare to serve a Mission for the Church of Jesus Christ of Latter-day Saints in Papeete Tahiti. So, while I am thrilled to see him go and live and serve among the people of Tahiti, … (1 comments)
irsaudit: PROBLEMATIC ERC CLAIMS CAN MEAN PROBLEMS LATER
- 07/08/23 02:09 PM
Salt Lake City, Utah - In my last Blog I discussed the steps that most taxpayers are taking to make an ERC Claim. The purpose of this post/blog is to finish up that outline. Currently if a taxpayer is making an ERC Claim, the taxpayer is amending its past payroll tax returns to claim the ERC. In my outline I left off with the Taxpayer receiving a percentage of the ERC after the ERC Mill received its share of the refund. Below is a continuation of what we are seeing when it comes to problematic amended payroll tax returns: After the … (0 comments)
irsaudit: ERC CONTINUED – THE IRS CONTINUES TO WARN TAXPAYERS ABOUT THE ERC!
- 07/06/23 06:03 PM
Salt Lake City, Utah - In my last Blog I provided an outline of what we are seeing when it comes to problematic ERC Claims. I had planned to finish up the outline I had prepared this evening, but I then viewed a post on LinkedIn by the IRS and thought that I should pass it along instead. In its most recent LinkedIn Post the IRS informed all who care to listen that the “Employee Retention Credit encouraged employers to keep employees on the payroll despite COVID-related economic hardships.” It then advised taxpayers “Beware of ERC offers beyond IRS guidelines, as … (1 comments)
irsaudit: ERC CONTINUED – PROBLEMATIC ERC CLAIMS CAN MEAN PROBLEMS LATER
- 07/02/23 09:34 AM
Salt Lake City, Utah - In my last Blog I discussed ERC Insurance options in protecting yourself in the event of a problem with an ERC Claim. Today, I want to discuss what could happen if you an ERC Claim problem. Currently if a taxpayer is making an ERC Claim, the taxpayer is amending its past payroll tax returns to claim the ERC. What we are seeing is that some of the ERC Claims being made are valid claims, some of the ERC Claims are filed by and ERC Mill and would be considered abusive, and in certain situations, some ERC Claims … (0 comments)
Salt Lake City — Tax season is here, and if you're feeling like you're caught in a whirlwind of confusion, you’re not alone. Between President Trump, Elon Musk, and the IRS making headlines, it’s hard to know where to look. Add in changes to tax laws and, well, you might feel like you need a seatbelt just to survive filing this year. But don’t worry, we’ve got you covered. Here’s the lowdown on the chaos and how to handle it.
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