IRS highlights employer credits for businesses during Small Business Week

IR-2020-221, September 24, 2020 WASHINGTON — During Small Business Week, the Internal Revenue Service reminds business owners and self-employed individuals of the employer credits available to them during COVID-19.  These credits were specially created to help small business owners during this unprecedented time. During Small Business Week, the IRS wants to ensure all eligible people know… Read More »

IRS increases visits to high-income taxpayers who haven’t filed tax returns If you have unfiled tax returns, the IRS will attempt to file the tax returns for you. When the IRS files a tax return for a taxpayer, it is called a Substitute for Return. If you need help, contact a tax attorney to guide you through the process.

IRS Qualified Business Income Deduction for Rental Real Estate The Internal Revenue Service today issued Revenue Procedure 2019-38 (PDF) that has a safe harbor allowing certain interests in rental real estate, including interests in mixed-use property, to be treated as a trade or business for purposes of the qualified business income deduction under section 199A of the Internal Revenue Code (section 199A deduction). If you have… Read More »


The Fresh Start provisions also mean that more taxpayers will have the ability to use streamlined installment agreements to catch up on back taxes. The IRS Automated Collections System telephone call center agents generally cannot assist taxpayers when their tax liability is over $250,000. Therefore, if a tax liability balance is over $250,000, the IRS… Read More »


What is the IRS Offer in Compromise Dissipated Asset Rule?  If you have a tax liability with the IRS, an offer in compromise allows you to settle your tax debt for less than the full amount you owe. An offer in compromise may be a legitimate option if you can’t pay your full tax liability,… Read More »