by James Wade | Jul 10, 2024 | IRS, IRS Audits, IRS Penalties, Tax Controversies, Tax Deductions, Taxpayers
Social Media Influencers – Can You Deduct the Bling? My son last week told me he wanted to be a “youtuber”. He’s 8 so I forgive him for not choosing to follow in his father’s footsteps. I mean who wouldn’t treasure a career in tax...
by James Wade | Jun 19, 2024 | IRS, IRS Audits, IRS Penalties
Even the Rich Get the IRS Unpaid Tax Blues: Nicholas Cage Edition I think many people believe the rich do not struggle with unpaid taxes like us “regular folks”. That is not true as this blog post will show. Nicholas Cage earned $150 million at the height...
by James Wade | Feb 23, 2024 | IRS, IRS Audits, IRS Penalties
IRS Plans Aggressive Audits of Corporate Jet Owners Audits are on the horizon for corporate jet owners. 99% of America will be unaffected BUT I see this as signaling a more aggressive IRS. While the heading mentions audits of corporate jet usage, I won’t be...
by James Wade | Feb 16, 2024 | Employee Retention Credit (ERC), IRS, IRS Audits, IRS Penalties, Tax Fraud
PSA: Key Deadline Fast Approaching in Employee Retention Credit Voluntary Disclosure Program If you claimed the employee retention credit (ERC) and maybe you should not have then you may want to consider taking advantage of the IRS’ voluntary disclosure program....
by James Wade | Jan 8, 2024 | Employee Retention Credit (ERC), IRS, IRS Audits, IRS Penalties, Tax Fraud
PSA: A Quick Snapshot of the IRS Employee Retention Credit Voluntary Disclosure Program Late December the IRS rolled out a new voluntary disclosure program for taxpayers who improperly claimed the employee retention credit (“ERC”). I am writing a quick post about the...
by James Wade | Dec 6, 2023 | Employee Retention Credit (ERC), IRS, IRS Audits, IRS Penalties, Tax Fraud
Public Service Announcement – IRS Issues 20,000 Disallowance Letters on Employee Retention Credit Claims Hot off the press! The IRS has announced that it is going to send out 20,000 disallowance letters. The IRS is letting certain employers know that they failed...
