The Criminal Investigation Division’s (CI) annual report has been released by the Internal Revenue Service. The report highlights the agency’s successes and criminal enforcement actions taken in fiscal year 2020, the majority of which occurred during COVID-19. A key achievement…

The Internal Revenue Service(IRS) issued its annual inflation adjustments at the end of October for tax year 2021, revising more than 60 tax provisions, including tax rate schedules, standard deduction amounts, and more. The standard deduction for married couples filing…

Due to the COVID-19 pandemic triggering trillions of dollars worth of government stimulus spending, some economists predict that taxes will have to increase to help pay for these stimulus measures and to shore up the government’s coffers. This could mean…

According to a report released in September by the Association of Certified Fraud Examiners (ACFE), experts have noticed a rise in fraud this year due in large part to the COVID-19 pandemic. Professionals are seeing fraud increases in nearly every…

The President’s action to defer payroll taxes: What does it mean? Stay up to date on payroll tax and deferments! President Trump issued a memo regarding deferring payroll tax obligations on August 8, 2020.  This memorandum directs the Treasury Secretary…

Don’t Procrastinate, File Now to Prevent Tax Bill Overlap With the new tax return deadline of July 15, 2020, many Americans felt relief and possibly pushed tax prep to the bottom of their to-do list. All week we’ve been sharing…

Don’t Wait To Know What You Owe for Taxes In 2018, 56% of US taxpayers had additional money owed for taxes. At this rate, roughly one out of every two tax filers paid more money to the government at tax…

  Don’t Just Sit There! Start Getting More Tax Refund Now! You are home for an undetermined amount of time. Use it to gather your tax receipts and deductibles for more return on your tax refund. On average, Americans will…

File Taxes Now. Get Your Tax Refund When You Need It. At a time where cash flow is critical to many households and small businesses, an April or May tax refund may be vital. Due to financial uncertainty, waiting until…