Will Calls from the IRS be Real or Fake?

For years, we’ve been told that calls from the IRS are fake and to hang up immediately if someone says they’re from the agency. However, starting soon, that warning may not be true. The IRS is going to begin to use collection agencies to demand payment from people who...

The Future of CPA’s and Why Mark Cuban is Wrong

Mark Cuban remarked that he wouldn’t want to be a CPA right now because advances in technology mean it isn’t a profession that will be valid in the future. One CPA had the opportunity to confront Mr. Cuban when he happened to be in her office building one day. Kevin...

What are your chances of a tax audit by the IRS?

When you think tax audit, panic and anxiety may set in. There are two kinds. The first is a correspondence audit, which is the mildest form, in which the IRS asks for information to be mailed in. A more complicated one requires that you meet in person with an IRS...

Bitcoin User Data Being Sought by IRS

The IRS is looking for user data from Bitcoin customers causing tensions in regards to compliance and privacy. The agency has requested that Coinbase turn over records on users who have completed transactions between 2013 – 2015.   Kevin E. Thompson CPA says “I...