Monthly Archives: November 2021

The IRS Can’t Figure Out Where to Apply an Electronic Payment…Where the IRS Was Told Where to Apply It

Posted on November 30, 2021 by Russ

My client received a letter from the IRS dated November 22, 2021: Taxpayer identification number: [redacted] Tax Period(s): Dec. 31, 2018 Form: 1040 We received a payment of $2,002.00 on Oct. 08, 2020. We don’t have enough information to apply … Continue reading →

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The 2021 Real Winners of the World Series of Poker

Posted on November 18, 2021 by Russ

Last night, the Main Event of the World Series of Poker concluded.  (While there are still a few events to be decided in the WSOP, this is the event that everyone thinks of as the big one.)  Before  I get … Continue reading →

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Why Did the WSOP Change the Rules on Lammers?

Posted on November 16, 2021 by Russ

With the World Series of Poker (WSOP) winding down (the Main Event champion will be crowned Wednesday evening–and, yes, I will have my customary post on the real winners of the WSOP on Thursday), an issue arose late in the … Continue reading →

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IRS: Per Diem Is Food Provided by Restaurants

Posted on November 16, 2021 by Russ

For tax years 2021 and 2022 taxpayers are allowed to deduct 100% of business meals provided by restaurants (per § 274(n)(2)(D) of the Internal Revenue Code).  One question that I had was how the per diem would be treated. Taxpayers … Continue reading →

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IRS’s “ID.me”: Not Ready for Prime Time

Posted on November 15, 2021 by Russ

This afternoon, I needed to upload an IRS Power of Attorney form to the IRS’s CAF Unit.  The IRS advised me (on the login screen) that I should obtain an account on ID.me. The IRS rightly wants to make sure … Continue reading →

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Evergreen Post: IRS Sending Erroneous Balance Due Notices

Posted on November 5, 2021 by Russ

Many of our clients have authorized us to receive IRS notices for them.  Yesterday, we received three “balance due” (CP14) notices.  I was quite surprised, as all three individuals paid their tax by electronic debit with the filing of their … Continue reading →

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