IRS Fun Fact July 2019
From 2001 to 2016, there were 5,900 changes to the tax code. Under the Tax Cuts and Jobs Act of 2018, there were 600 changes to the tax code, the most extensive in 30 years.
Bobbie L.
“I filed my own taxes for years and I thought I was pretty good at it too. Well, I ran into some issues with the IRS when they said that some taxes were misfiled and I now owed money. Again, I tried to settle it myself. When I was told what I owed, only then […]
The IRS is Harassing Me, Why Should I Hire a Professional
Question: I have a substantial tax amount owing, the IRS is harassing me and I need help. I got a quote from another firm at a much lower price. Why should I hire you? Answer: This is your financial life and the stakes are very high. If you needed heart surgery, would you shop around […]
July 2019 Trivia Contest
Which 80’s movie spawned 6 sequels and a T.V. series? a) Die Hard b) Police Academy c) Airplane d) Raiders of the Lost Ark
July 2019 Client of the Month
This month’s Client of the Month is David I.. David came to us for Tax Resolution after receiving threatening IRS letters and notices for back taxes owed. His bank accounts were being levied, he felt trapped and overwhelmed because he didn’t know how to navigate through all the demands being made of him, not to […]
Office Manager Helps Herself to Employer’s Money
Terra Dawn Ferguson, of New London, NC, pled guilty in Federal Court on one charge of employment tax fraud. Ferguson was employed as the office manager for a pediatric office for approximately 24 years. It was Ferguson’s responsibility to collect, account for and pay to the IRS the business’ employment taxes. From 2011 to 2016, […]
Any Way You Slice It, Deli Owner is in Trouble with the IRS
The owner of a deli in Hamden, CT, Raymond George, waived his right to be indicted and pleaded guilty in federal court to one count of tax evasion. George, who owned Ray & Mike’s deli, tried to evade taxes in numerous ways between 2012-2013. According to court documents, George failed to deposit all of the […]
BTRS Adds to the Team
Just prior to our Tax Season flurry, we had the privilege of adding another CPA to our team, Kevin Henry. Kevin comes to us as a retired US Air Force U-2 Pilot. He served our Country from 1980 – 2012 as an Active Duty U-2 pilot, Instructor and Commander as well as a U-2 Simulator […]
Former Police Chief Learns Orange is the New Blue
Former police chief, Anthony Marraccini, of Harrison, NY, was sentenced to 18 months in prison for tax evasion. Marraccini pleaded guilty to charges against him this past January. According to federal prosecutors, Marraccini earned more than $2.5 million from his home improvement business and rental income from investment property owned, causing a loss to the […]
The IRS and Computerization
At the end of the Second World War, the IRS was handling sixty million tax returns each year, using a combination of mechanical desk calculators, accounting machines and pencil and paper forms. In 1948 punch card equipment was used. The first trial of a computer system for income tax processing was in 1955, when an […]