Did you know that there is a Taxpayer Bill of Rights to help protect all taxpayers?
Taxpayers have the right to expect that any IRS inquiry, examination, or enforcement action will comply with the law and be no more intrusive than necessary. Taxpayers can also expect that the IRS will respect all due process rights, including search and seizure protections and will provide, where applicable, a collection due process hearing.
The Internal Revenue Service today reminded employers and other businesses to file Tax Year 2022 Form W-2 and other wage statements by January 31, 2023.
Now how is this fair in a normal world? The current administration must think that they are Robin Hood who has the right to take from the people playing by the rules and give it to people who haven't earned it. Just listen to this.
A new Biden administration rule that is set to go into effect will force homeowners with good credit to pay more on their mortgages in order to subsidize loans to high-risk borrowers - all with a stroke of the pen and no one else having a say in it.
In a case of government overreach into the small business community, years ago a National Marine Fisheries Service regulation requires that herring fishing boats allow an additional person on board to serve as a monitor, tracking compliance with federal regulations. The monitor’s salary must be paid by the fishing company being monitored, reducing fishing profits in a business where margins are tight.
The Corporate Transparency Act (CTA) is, as forecast, a sweeping and significant update to the U.S. anti-money laundering laws, estimated to affect over 32 million entities by requiring new reports of beneficial owners. Yes, I said 32 million. Are you one of them? Read on...
The Treasury Department and IRS have issued proposed regulations regarding the sale of a taxpayer’s property that the IRS seizes by levy. They actually make a lot of sense.