Experienced-Diligent-Effective
Articles and News
Online sellers--IRS Delays Reporting Requirement
IRS delays $600 Form 1099-K reporting rule on Venmo, PayPal
Alabama Tax Audit Targets
How does the Alabama Department of Revenue choose taxpayers for audit.
IRS Rule on PayPal and Venmo Transactions
New IRS 1099-K Rules on Payment Processor Payments
Changes in Alabama Corporate Income Tax
Alabama passes changes to its taxation of corporations, including apportionment of multi-state income.
More IRS Audits
IRS audits have increased in recent months, especially for higher-income taxpayers, corporations, and partnerships.
IRS--Back to the Office, Appeals and Tax Court
IRS employees are going back to their offices and backlogged Tax Court cases are being assigned to Appeals.
Implications of New Build Back Better Plan
Summary of the latest Build Back Better Act Tax Provisions and Impact.
Biden's Tax and Spending Plans
Summary of President Biden’s Tax and Spending Proposals with tax changes for individuals and corporations.
IRS Funding, Audits and Bank Accounts
Spending Proposals IRS budget increase will result in more audits and more information reporting requirements for banks.
Second Round of PPP
The Second Round of Paycheck Protection Program loans is available to help individuals and businesses affected by COVID.
Business Taxes Now and After the Election
Tax Changes for Businesses under President Biden
Individual Taxes Now and After the Election
What changes can we expect to our taxes if Joe Biden wins the election? We offer an analysis of our current tax law compared to changes that Joe Biden has proposed.
Taxation of Personal Sickness/Injury and/or Disability Lawsuit Settlement Awards
Taxation of Legal Settlements from Personal Injury, Personal Sickness, Disability Insurance Awards
Non-Qualified Stock Options-Private Companies
Taxation of non-qualified stock options of private companies
Summary of The Trust Fund Recovery Penalty
Summary and computation of Trust Fund Recovery Penalty
Coach's IRS Tax Court Win
Coach Saban wins a Tax Court case against the IRS involving a worthless debt on $2 million dollars he had loaned for a real estate construction project.
Is the Internal Revenue Service Going Back to Work?
More than one-half of IRS employees are going back to work at the end of January through the tax filing season.