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Tag: taxes

Understanding The Basics of the New IRS Virtual Appeal

It is a common misconception among American taxpayers that the Internal Revenue Service (IRS) offices work at a slow pace (I mean… they’re not the post office. Amirite??). The IRS took a big step by offering an efficient and timeless program that allows taxpayers to hold “face to face” meetings with the IRS representatives – IRS… Read more »

Bitcoin ATMs To Pop Up Down Under

The cryptocurrency-tax question may have just gotten a lot murkier, now that Stargroup announced a partnership with DigitalX to roll out up to 2,900 Bitcoin-enabled ATMs in Australia. Currently, there are only sixteen such machines in the entire country, and nearly all of them are one-way devices which only allow users to add Bitcoin shares… Read more »

IRS Trust Fund Recovery Penalty

Understanding the “100% Tax Penalty” that Allows the IRS to Go After Multiple People in a Single Business When most people think of “trust funds” their minds immediately go to extremely decadent lifestyles equipped with fancy cars, caviar, and private islands, but when it comes to Trust Fund Recovery Penalties imposed by the IRS, the… Read more »

Don’t Write Off the Importance of Finding a Good Tax Preparer

According to founding father, prolific inventor and famous kite flyer, Benjamin Franklin, “In this world nothing can be said to be certain, except death and taxes.”  He did manage to get his face on the $100 bill so I think it is safe to say he knew what he was talking about.  While this is… Read more »

The Trump Tax Scandal: Is It Really?

By now, you have probably heard about presidential candidate Donald Trump’s latest scandal involving his taxes.  If you have not, here is what you need to know. An anonymous source mailed a single page of Trump’s 1995 income tax returns to the New York Times in which the infamous real estate mogul and reality star… Read more »