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The Internal Revenue Service (IRS) recently hired hundreds of new agents. The move is predicted to signal a surge in audits in coming years and a recent congressional bill supports this concern. The bill is a bipartisan infrastructure investment plan that, if passed,...
Taxpayers generally have to worry about two bills: the federal bill to the Internal Revenue Service (IRS) and the state bill to the state taxing authority in the state they call home. But, in recent years, this generally clear-cut rule has gotten complicated. In the...
The COVID-19 pandemic has changed how we work. The need to social distance and reduce unnecessary contact with people to help lower the risk of spreading the virus back in 2020 forced many employers to shift to a remote workforce. Instead of coming into the office,...
Uncle Sam wants a piece of your cryptocurrency, and he is not afraid to put some effort into getting his share. At least that was the message of a recent report released by the United States Treasury Department. According to the release, the feds are investing in...
The basic tax structure in the United States went through a major overhaul with the Tax Cuts and Jobs Act (TCJA) about three years ago. One major change involved limits on the deductions taxpayers could take on their federal tax returns for state and local tax...
Welcome to our rebranded identity. A focus on the Goldburd Name is more than just utilizing a logo. It reflects who we are, what we do, and how we help our clients. Why Rebrand? has come a long way since Joe and Susan began the firm in...
President Biden’s American Families Plan calls for an influx of hundreds of billions of dollars. The plan outlines opportunities to increase the educational offerings available for young children in our country and expand paid family leave options for workers. But how...
The United States Tax Code is a complicated and powerful set of laws. It provides the government with various tools to better ensure compliance. One example: the ability to restrict travel. In some cases, the government can restrict international travel if the...
The Internal Revenue Service (IRS) recently announced updates to its employee retention credit (ERC) program. The agency clarifies the updates are specifically for the first and second quarters of 2021. The credit, as noted in a recent publication in the Journal of...
The Internal Revenue Service (IRS) has faced funding cuts that have led to a decrease in staff. This, paired with the impact of the pandemic, has created an environment that, as noted in a recent piece in ProPublica, “is failing our taxpayers.” The agency is late in...