IRS has identified 125,000 persons who failed to file tax returns with financial activity topping $100 billion. Under the Inflation Reduction Act the IRS is receiving $80 billion in new funding over nine years. The $80 billion price tag is more than six times the...
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Alaska taxpayers impacted by November 2023 severe storms qualify for tax relief
On March 25, 2024 the Internal Revenue Service (IRS) announced tax relief for individuals and businesses affected by severe storms, landslides and mudslides that began on November 20, 2023 in parts of Alaska. These taxpayers now have until June 17, 2024, to file...
IRS Using Inflation Reduction Act to Launch Further Initiatives and Penalties to go after High-Income Taxpayers
More than $482 million recovered from 1,600 millionaires who have not paid tax debts and even more taxpayers will be subject to further scrutiny. Under the Inflation Reduction Act the IRS is receiving $80 billion in new funding over nine years. The $80 billion price...
Spokane area taxpayers impacted by August 2023 wildfires qualify for tax relief
On February 28, 2024 the Internal Revenue Service (IRS) announced tax relief for individuals and businesses affected by wildfires that began on August 18, 2023 in parts of Washington State. These taxpayers now have until June 17, 2024, to file various federal...
San Diego area taxpayers impacted by January 2024 severe storms and flooding qualify for tax relief
On February 27, 2024 the Internal Revenue Service (IRS) announced tax relief for individuals and businesses affected by severe storms and flooding that began on January 21, 2024 in parts of California. These taxpayers now have until June 17, 2024, to file various...
Did You Receive Funds From The Employee Retention Credit Program That You Were Not Eligible To Receive?
Time is running out to participate in the Employee Retention Credit Voluntary Disclosure Program, which ends on March 22, 2024. If you claimed and received funds from the Employee Retention Credit (“ERC”) Program and now realize that you were not entitled to receive...
Can The Use Magic Mushrooms Lead To Better Sex?
Can The Use Magic Mushrooms Lead To Better Sex? Psychedelics which include “magic mushrooms” have been the subject of recent medical studies documenting such health and therapeutic benefits treating anxiety and depression, PTSD, OC, suicidal thoughts and other mental...
IRS Using Inflation Reduction Act Funding To Ramp Up Audits Of Corporate Aircraft Usage
More than $482 million recovered from 1,600 millionaires who have not paid tax debts. Under the Inflation Reduction Act the IRS is receiving $80 billion in new funding over nine years. The $80 billion price tag is more than six times the current annual IRS budget of...
California Cities Decriminalize Psychedelics While The California Legislature Considers Legalizing Psychedelics
California Cities Decriminalize Psychedelics While The California Legislature Considers Legalizing Psychedelics In February 2024, California Sen. Scott Wiener, and Assemblymember Marie Waldron, proposed Senate Bill 2012 named The Regulated Psychedelic-assisted Therapy...
California Looking to Legalize Psychedelics
California Looking to Legalize Psychedelics Currently there are two States that have legalized psychedelics, namely: Colorado and Oregon. California is now considering to join these states as well. In February 2024, California Sen. Scott Wiener, and Assemblymember...