Keith Jones, CPA TheCPATaxProblemSolver Newsletter Issue 20

AICPA News

A practical guide to economic nexus

New sales tax nexus standards are creating a larger compliance footprint for U.S. companies and, potentially, foreign entities selling into the U.S. State and local taxing authorities have new tools for identifying and enforcing companies’ exposures for sales and use tax.

Time to opt in for an IP PIN?

Now that most taxpayers may obtain an identity protection personal identification number, should they?

IRS News

IRS Crypto Tax Risks Expand With New Reporting

The US Treasury Department plans to impose new reporting requirements for crypto. Soon, banks and financial institutions will have to report information to the IRS. Exchanges, custodians, and crypto payment services are slated to have to report to the IRS too.

Talk To The IRS: Here’s How To Make Your Voice Heard On Tax Issues

You can submit recommendations ahead of the deadline for the 2021-2022 Priority Guidance Plan, which the IRS uses to identify and prioritize tax issues that need to be addressed.

News

Council Post: How (Ir)reversibility Can Help Young Leaders In Uncertain Times

Here's a last-second check that can be helpful when making difficult decisions in a volatile, uncertain, complex and ambiguous world: Is the decision reversible or irreversible?

Apply To The TAP By June 1 If You Want To Help Improve The IRS

If you qualify, you could serve a three-year term on the Taxpayer Advocacy Panel, a federal advisory committee to the IRS made up of about 75 citizen volunteers.

Spouses in Divorce Proceedings Are Using Cryptocurrency to Hide Money. Here's How Experts Find It

The dramatic rise of cryptocurrency has led to some spouses using digital currency to hide money during divorce settlements. Here’s how experts find it.

#4, The Right to Challenge the IRS’s Position and Be Heard

Taxpayers have the right to raise objections and provide additional documentation in response to formal IRS actions or proposed actions, to expect that the IRS will consider their timely objections and documentation promptly and fairly, and to receive a response if the IRS does not agree with their position.

As IRS Enforcement Makes News, Here’s a Look at Liens and Levies

The IRS may be getting more money soon to chase down high-earning tax evaders, but that doesn’t mean collection and enforcement efforts for others will stop. Here’s a look at administrative enforcement—liens and levies—and how they work.

From The Desk of Keith L. Jones, CPA

IRS Tax Relief Expert Offers Tax Debt Settlement Analysis

For IRS tax relief get your Tax Debt Settlement Analysis with Keith Jones, CPA who has provided tax relief forgiveness help to troubled taxpayers for years.

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Tax Relief: Get Rid of Back Taxes With Expert Aid from Keith

Owe more than $10,000?

Although any amount of back taxes or IRS problem will cause considerable stress, the pressure becomes extremely severe when the responsibility approaches five figures.

Between late filing fees, late payment penalties & compounded interest, IRS debt easily adds up, making it IMPOSSIBLE to manage financial needs from other parts of your life.⁠

Sadly, many people are totally ignoring their IRS debt issues despite turmoil.

This strategy leads to even BIGGER problems DOWN THE ROAD.

When in doubt, it is better to negotiate proactively.

TheCPATaxProblemSolver is here to HELP work out a settlement.