Author Archives: Russ

You Heard About that May 29th Filing Deadline, Right?

Posted on January 8, 2020 by Russ

So let’s look at important tax deadlines this year. There’s January 31st (the deadline to mail and file many 1099s and to distribute and file W-2s), March 15th (the deadline to file S-Corporation and partnership tax returns, and Forms 3520-A), … Continue reading →

Posted in BEA, International | Tagged | Comments Off on You Heard About that May 29th Filing Deadline, Right?

It’s Time to Start Your 2020 Mileage Log

Posted on January 7, 2020 by Russ

I’m going to start the new year with a couple reposts of essential information. Yes, you do need to keep a mileage log: Last Thursday was the first business day of the new year for many. You may have resolved … Continue reading →

Posted in IRS | Tagged | Comments Off on It’s Time to Start Your 2020 Mileage Log

IRS Announces 2019 Tax Filings to Begin on January 27th

Posted on January 6, 2020 by Russ

The IRS today announced that the 2019 tax filing season for individuals will begin on Monday, January 27th. Tax Returns and payments are due by Wednesday, April 15th (an extension to file is available until October 15th, but payment of … Continue reading →

Posted in IRS | Tagged | Comments Off on IRS Announces 2019 Tax Filings to Begin on January 27th

2020 Standard Mileage Rates Released

Posted on January 1, 2020 by Russ

Yesterday, the IRS announced the 2020 standard mileage rates. The rates are: 57.5 cents per mile for business use (down 0.5 cents per mile from 2019); 17 cents per mile for medical or moving use (down 3 cents per mile … Continue reading →

Posted in IRS | Tagged | Comments Off on 2020 Standard Mileage Rates Released

The 2019 Tax Offender of the Year

Posted on December 31, 2019 by Russ

This year really went by fast, but unfortunately there’s no shortage of candidates for the Tax Offender of the Year award. As a reminder, to be considered for the Tax Offender of the Year award, the individual (or organization) must … Continue reading →

Posted in IRS, Payroll Taxes | Tagged | Comments Off on The 2019 Tax Offender of the Year

An Update on Arizona v. California

Posted on December 23, 2019 by Russ

There’s been some news on Arizona’s attempt to stop California from requiring indirect passive owners of LLCs who happen to own other LLCs that invest in California from having to pay California’s $800 minimum franchise tax. When we last looked … Continue reading →

Posted in Arizona, California, Supreme Court | Comments Off on An Update on Arizona v. California

Congress Gets in the Christmas Spirit: Tax Extenders Pass

Posted on December 20, 2019 by Russ

“It’s looking a lot like Christmas,” is how one Christmas tune begins. Here in Las Vegas, that means it’s cold (for Las Vegas), and the few deciduous trees in town are now leafless. But Congress got in the Christmas spirit, … Continue reading →

Posted in IRS, Legislation | Tagged | Comments Off on Congress Gets in the Christmas Spirit: Tax Extenders Pass

Nominations for the 2019 Tax Offender of the Year Are Due

Posted on December 10, 2019 by Russ

In a little less than a month it will be time to reveal this year’s winner of the prestigious “Tax Offender of the Year” award. Remember, To be considered for the Tax Offender of the Year award, the individual (or … Continue reading →

Posted in Taxable Talk | Tagged | Comments Off on Nominations for the 2019 Tax Offender of the Year Are Due

FOIA Lawsuit Looks at IRS Procedures on Representative’s Personally Identifiable Information

Posted on December 9, 2019 by Russ

One of the tax blogs that I faithfully read is Procedurally Taxing. Today, they noted a lawsuit against the IRS regarding the IRS’s procedures when a third-party calls them for taxpayer information. The author of the post is a tax … Continue reading →

Posted in IRS | Tagged | Comments Off on FOIA Lawsuit Looks at IRS Procedures on Representative’s Personally Identifiable Information

IRS Criminal Investigation Has a 91.2% Conviction Rate

Posted on December 5, 2019 by Russ

Here’s a helpful hint to anyone who commits a serious tax crime: If IRS Criminal Investigation (CI) comes after you, there’s a 91.2% chance that you will be heading to ClubFed or otherwise be convicted. As poker players say, ‘Those … Continue reading →

Posted in IRS | Comments Off on IRS Criminal Investigation Has a 91.2% Conviction Rate