irs: Lucky Day at the Casino? Don’t Forget About the IRS - 06/09/21 04:18 PM
        Whether you gamble all the time or only once in a blue moon, you are filled with hope and excitement every time you walk through those casino doors. If you have been gambling for even a little while, you already know that Lady Luck can be a fickle partner. Sometimes the gods of the casino smile upon you, and other times they turn their back. So, when you finally hit the jackpot, you are overjoyed and brimming with excitement…
At least until you consider the tax consequences of your good fortune.
Every time you walk through the doors of … (2 comments)

irs: The Procrastinator’s Guide to Surviving Tax Day - 02/23/21 04:19 PM
        FEBRUARY 23, 2021 |IN TAX RETURN |BY TRISTATE TAX RESOLUTION LLC If you are a procrastinator, tax filing season is probably the worst time of year. With deadlines looming, filling out all those complicated forms and making sense of an increasingly complex tax code that changes almost every year can seem like an overwhelming task. But no matter how long you put it off, the April 15 tax filing deadline will arrive, and what you do to get ready will make all the difference.
Most Americans voluntarily file their tax returns and pay their taxes. Most people … (1 comments)

irs: Monkey Business - 02/08/21 01:00 PM
 
Walk into any suburban supermarket, and you'll find entire aisles of food you wouldn't have seen when you were a kid. What the heck is quinoa, anyway? Who invented kombucha? And if mom had served kale, you might have appreciated broccoli more. But there's one whole category that delights millions, and that's the case full of milk made from soybeans, almonds, cashews, or anything else but classic "moo juice." They're popular enough that dairy interests have sued producers for using the word "milk." (The case prompted former FDA Commissioner Scott Gottlieb to declare, "an almond doesn't lactate, I will confess.")
This week's … (1 comments)

irs: Tax Strategies for the Grinch - 12/22/20 08:47 PM
 
Despite the 2020 malaise, the holiday season is in full swing, and we expect you're on your best behavior to make Santa's nice list. But there's one famous guy who works harder than anyone else to be naughty this time of year, even in 2020 — and that's everyone's favorite Dr. Seuss anti-hero, the Grinch.
We don't care if you prefer the original animated cartoon, Jim Carrey's 2000 live-action remake, or NBC's execrable live-action performance. When you think about the Grinch, you think about what he steals. But have you ever thought about what he pays? You can be sure the Whos … (1 comments)

irs: You Can't Keep a Good Man Down - 12/07/20 04:20 PM
 
"If at first, you don't succeed, try, try again." That was Thomas Edison's motto — and it's a good thing, considering it took him 10,000 tries to perfect the incandescent light bulb. The Jedi Master Yoda might disagree ("Do, or do not. There is no try"). But trying, over and over until you succeed, is the key to countless triumphs, successes, and origin stories, from Edison to the Rebel Alliance to The Little Engine That Could. This week's story is yet another tale of effort in the face of adversity, of sheer grit and determination in the face of unyielding obstacles.
Abdel Soliman … (1 comments)

irs: Have a Coke and a Tax - 11/30/20 01:59 PM
 
In 1886, a chemist named John Pemberton concocted a sweet, carbonated "brain and nerve tonic" made with coca leaves and cola nuts. Six years later, he sold his recipe for $2,300 to the druggist Asa Candler, who spun it into multinational gold. While the current product has just half the caffeine and none of the Bolivian marching powder of the original, Coca-Cola remains one of the world's most popular beverages. The formula remains so secret that, according to company lore, only two employees know it — and they're not allowed to travel together.
(Fun fact one: in 1935, after the company swapped … (1 comments)

irs: Sure, Marcia - 11/23/20 09:04 AM
 
Here in our United States, our government is sliced and diced between Uncle Sam, 50 states, 3,141 counties, and 89,000-odd cities, towns, and villages. You would think that 244 years of independence, along with a dollop of Yankee ingenuity, would produce a crisp, streamlined system for paying for it all. Instead, we've got a janky assemblage of income taxes, property taxes, sales taxes, and tariffs, sutured together like Frankenstein's monster. Seriously, isn't it time for the villagers to start climbing the mountain with pitchforks and torches?
Naturally, some of the brightest minds in public policy are working to come up with new ways to … (1 comments)

irs: To Boldly Tax Where No Man Has Taxed Before - 11/15/20 12:59 PM
   
Cross-border tax questions present some of the thorniest issues in tax. For example: when an American company like Apple takes components from 43 different countries, assembles them into an iPhone in China, and sells it in London or Paris, who gets the income tax on that profit? The day-to-day work of answering that question is about as exciting as watching paint dry. International tax attorneys may not spend their days giving dramatic court arguments like Atticus Finch. But when they pack up for the day, they drive expensive cars home to expensive houses in expensive neighborhoods.
Now, though, the … (0 comments)

irs: What is a Levy? IRS and Other Asset Levies Explained - 10/12/20 10:31 AM
    Falling behind on your debts is never a fun place to be. It’s less fun when a levy is placed on your assets. In this article, we take a look at what an IRS levy is, why it happens, and what you can do about it.
Note: If you have any tax trouble or owe more than $10k to the IRS or state but can’t pay in full, contact our firm today. We help people find tax relief. Often, we can resolve your IRS levy without you having to talk to the IRS. Call today.
What is an IRS Levy?Simply put, if you owe … (0 comments)

irs: How To Find a Tax Preparer For Folks With IRS Problems - 10/07/20 11:49 AM
  The autumn leaves are changing, and “the most wonderful time of the year” is right around the corner…
I’m guessing tax season isn’t exactly at the front of your mind.
But it should be! (At least in the top five things at the front of your mind.) Because as long as you’re getting paid by someone or something, taxes don’t stop. And when it comes to getting your taxes together, who is on your side?
This is one (of many) reasons that you shouldn’t trust your tax problems to the heavy advertising agencies — because that is exactly what they are — who pound your … (0 comments)

irs: Crypto-Compliance - 10/05/20 10:56 AM

 
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irs: An Important Update For Taxpayers On IRS Notices - 10/04/20 09:58 AM
Even as a  tax professional, when I get a letter from the IRS addressed to my business (or, worse, to my home), I share with you that feeling of initial trepidation: what fresh hell will I now have to deal with?
More often than not, it’s something completely innocuous, like an address change, or whatnot.
But as with many things, 2020 is taking things to an entirely new level.
Many people have been getting notices of unpaid taxes … even when they’ve actually paid said taxes.
In fact, at one point this summer, the IRS had approximately 12 million pieces of unopened … (1 comments)

irs: Four Things Your Tax Preparer Won't Tell You (and How It Can Get You In Tax Trouble) - 09/15/20 08:43 AM
 
 
Tax time will be here (again) before you know it. If your tax return is a simple one, you may be up to filing the return yourself. But if your situation is somewhat complicated, seeking the help of a qualified professional is probably the best move.
 
Our firm specializes in helping people resolve their back-tax problems such as filing years of unfiled returns, settling your back taxes with the IRS, or negotiating favorable payment plans often unknown to the common taxpayer.
 
There are millions of people getting threatening letters from the IRS every year and we can help. But how did these mostly … (0 comments)

irs: You Can Run, But.... - 09/14/20 10:23 AM
  
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irs: Straight Outta Spousal Maintenance - 09/07/20 12:27 PM
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irs: IRS Collections Is Starting Back Up. What To Do If You Owe Back Taxes - 07/26/20 09:36 PM
 
2020 threw a huge wrench into everything and the IRS collections proceedings are no exception.  With the tax deadline pushed until July 15th and a lot of the IRS closed under shelter at home orders due to COVID19, to the IRS being tasked with sending millions of Americans their stimulus checks, the IRS collections proceedings took a backseat.
 
If you owe back taxes you might just assume you got some breathing room. However, things are starting to pick back up.
 
According to the Taxpayer Advocate, as of late June 2020, the IRS generated more than 20 million notices, yet these notices were … (0 comments)

irs: Aloha! - 07/13/20 03:28 PM
 
Coronavirus has millions of Americans rethinking where they choose to live, especially crowded cities. Back in February and March, New Yorkers led the charge, fleeing the petri dish that Manhattan had become to vacation homes in places like the Hamptons and Martha's Vineyard. Silicon Valley tech-bros are gazing longingly across the Pacific to New Zealand. Few of the urban ex-pats have returned, and many are surprised to find they prefer the pace and community of rural life to waiting hours for a table at the newest see-and-be-seen bistro or club. But where to settle for good?
If you're on Team Tropical, you … (1 comments)

irs: Tax-Free Ninjas - 07/06/20 01:47 PM
 
Colleges looking to compete for students have added new fields like cybersecurity, political campaign management, and even beer fermentation. (That last one seems a bit indulgent, given how many college students pursue rigorous self-study programs in malt beverages with no promise of academic credit at all.) Perhaps it shouldn't surprise you, then, that a Japanese man has earned the first-ever master's degree in Ninja Studies after two years studying the history, traditions, and fighting techniques of Japan's legendary stealthy soldiers at Mei University's International Ninja Research Center.
Ninjas date back as far as the 12th century but reached their zenith during the … (0 comments)

irs: Tax It Your Way - 05/25/20 01:31 PM
 
Memorial Day weekend is fading in the rearview mirror, and we've ventured outside to commemorate those who gave their lives in service to their country. Summer is officially "open for business" as it can be in this year of coronavirus. But there's a lesser-known occasion coming up that the average American celebrates three times per week — and all year long, not just at their Memorial Day cookout. Thursday, May 28 is National Hamburger Day. And our friends at the IRS collect billions in taxes on the delicious dietary staple.
The burgers we love originated as the "Hamburg steak" in 18th-century Germany. … (0 comments)

irs: Fraud & Bling: Atlanta - 05/23/20 04:46 PM

 
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