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Taxation of Employee Benefits
Taxation of Employee Benefits: A Comprehensive Guide Understanding the Taxation of 401(k) Contributions Navigating the Tax Implications of Employer-Paid Life Insurance...
Taxation of Nonprofit Organizations
The Difference Between Nonprofit and Tax-Exempt Organizations Unrelated Business Income Tax (UBIT): A Deep Dive for Nonprofits Taxable Income for Nonprofit...
Venmo, PayPal, Zelle: IRS Tax Rules About Payment Apps
According to a 2022 study done by the Pew Research Center, 76% of Americans reported using a peer-to-peer payment app such as Paypal, Venmo, Zelle, or Cash App. Given...
Crypto Tax Enforcement: How Taxpayers Can Protect Themselves
While the buzz around cryptocurrency may have settled down a bit in the past few months, it is safe to say that crypto has become one of the more popular investments...
What Does an IRS Revenue Officer Do And When Do They Get Assigned?
As the premier tax law firm in the United States, Victory Tax Lawyers has tremendous expertise in every facet of tax law, including related to IRS Revenue Officers....
Does the IRS Use Private Collection Agencies?
https://www.youtube.com/watch?v=9YFOE7H-dXU As many taxpayers who have ever had unpaid back taxes know, the IRS will do everything in its power to recover the money...
The Different Types of IRS Installment Agreements
IRS installment agreements, also known as payment plans, allow US taxpayers who have tax debt to pay the amount they owe over an extended timeframe. For people across...
IRS Passport Revocation: How They Work and How to Get Them Reversed
https://www.youtube.com/watch?v=zt0EsssHSS0 As most people who have dealt with seriously delinquent IRS tax debt will tell you, the experience is extremely stressful....
IRS Hires 4,000 New Employees and Plans to Hire More
Ahead of the 2023 tax filing season, the IRS has hired 4,000 new employees to work at the agency. Furthermore, in a press release from October 27th, the IRS stated that...
IRS Penalty Abatement: How To Get the IRS to Remove Penalties
Tax penalty abatement is the process of getting IRS penalties removed and waived. IRS penalties, which can arise due to numerous different reasons, affect thousands of...
When Does the IRS File a Tax Lien?
For some taxpayers who have ongoing tax issues such as owing money to the IRS, one action the agency might take is filing a federal tax lien. If you fail to pay the...