This won't apply to most of us, but in the off-chance your corporation does a Billion or more in income, you should make sure you know about this...

After a yearlong study into UFOs, NASA said that the study of UFOs will require new scientific techniques, including advanced satellites as well as a shift in how unidentified flying objects are perceived.

Amid rising concerns about a flood of improper Employee Retention Credit claims, the Internal Revenue Service today announced an immediate moratorium through at least the end of the year on processing new claims for the pandemic-era relief program to protect honest small business owners from scams.

An Oregon man pleaded guilty to willfully failing to pay more than $24 million in payroll taxes owed to the IRS.

The Department of the Treasury and the Internal Revenue Service issued 

Just four and a half months since President Biden declared an end to the Covid “emergency,” the media is suddenly full of stories about the return of Covid. This time a new “variant” is being rolled out and the media, in collusion with big Pharma and the fear-industrial complex, are churning out stories about how forced masking is making a comeback.

Also, the “unvaccinated” are again to be denied basic human rights in the name of fighting a virus that the vaccine demonstrably does not protect against.

[Note: Because they seem to be the only social network that truly believes in free speech, we use Gab.com for our private groups and company updates.  Here is a recent email that really demonstrates why we support them]

Greetings Gab Community,

Today, I want to address a matter of utmost importance – the European Union’s Digital Services Act (DSA) law, its implications, and our stance as a platform committed to protecting free speech. The law goes into effect starting today and Gab will not be complying.

A recent watchdog report claims that the Internal Revenue Service (IRS) is unable to locate thousands of records that were kept at a facility in Utah, in addition to thousands of microfilm cartridges that contain millions of sensitive individual and business tax account records that were supposed to be transferred from a closed agency facility in California.

As part of an expanded focus on ensuring high-income taxpayers pay what they owe, the Internal Revenue Service today warned businesses and tax professionals to be alert to a range of compliance issues that can be associated with Employee Stock Ownership Plans (ESOPs).

08/04/23 - The IRS issued Notice 2023-59 PDF today regarding the requirements for home energy audits for taxpayers that want to claim the Energy Efficient Home Improvement Credit.

The number of content creators on social media have ballooned and advertising departments have noticed.  Sending their products to creators to evaluate is one of the most cost effective ways to get your name out their to an audience that is willing to listen.  

What a lot of new creators fail to address is how to handle these 'gifts' from a tax standpoint. So let's review the rules and IRS regulations that pertain to this subject. Here is an example situation to begin the discussion:

The IRS has announced a major yet “common-sense” policy change that will put an end to most unannounced agent visits to taxpayers’ homes.  This move reverses decades of policy that saw IRS revenue officers knock on the doors of taxpayers’ homes without forewarning in attempts to resolve delinquent tax matters.