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IRS Blunder – Incorrect Collection Notices Sent to Taxpayers in Disaster Areas

As it has been previously reported, taxpayers in FEMA-designated disaster areas were supposed to have more time to pay certain taxes owed. However, this has not stopped the IRS from mistakenly sending out collection notices in these areas, demanding … Continue reading

 

Three Major Tax Prep Firms Have Been Sharing Taxpayer Data with Meta & Google

According to a congressional report that was released last week, three major U.S. tax preparation firms have been sharing their client’s personal data with humungous tech companies such as Meta and Google. The call for an investigation into this … Continue reading

 

IRS Investigating Puerto Rico Tax Breaks – DSJ Breakdown

Agents of the Internal Revenue Service as well as other United States prosecutors are preparing themselves to build cases against individuals that have been illegally taking advantage of tax breaks in Puerto Rico. These agents are gathering all the information … Continue reading

 

15 Year Old Becomes Youngest to Ever Pass CPA Exam

Jimmy Chilimigras is a 15-year-old boy who lives in Mississippi just a short mile from the Gulf of Mexico. From afar, Jimmy may look like your average teenage kid from the South who enjoys his family and the outdoors. However, … Continue reading

 

Student Loan Relief Struck Down by the Supreme Court

One of the main initiatives that President Joe Biden planned to carry out has recently been struck down by the United States Supreme Court. Although the current president campaigned on the promise of canceling the student loans of more than … Continue reading

 

U.S. Private Sector Adds 496k Jobs in June

During the month of June, companies throughout America saw a huge increase in hiring activity. According to ADP’s National Employment Report, the private sector added almost half a million jobs last month, which is drastically higher than economists’ predictions … Continue reading

 

The IRS Continues to Award Whistleblowers

When compared to the previous fiscal year, the Internal Revenue Service has awarded more money to whistleblowers this year. Despite this being the case, the amount of money given by the IRS is still lower when compared to some of … Continue reading

 

2023 Brings Changes to the R&D Credit – DSJ Breakdown

Regarding the research & development(R&D) tax credit, some recent law changes regarding the credit are very important to note. This article will break down the key points to the law changes of the R&D credit. The R&D tax credit was … Continue reading

 

Hunter Biden Charged With Tax Related Crimes – DSJ Breakdown

Hunter Biden, son of U.S. President Joe Biden, has recently taken a plea deal for charges relating to tax and weapons crimes. The plea deal that was taken by the First son supposedly does not involve any jail … Continue reading

 

LACC – One of the World’s Most Exclusive Golf Clubs Saves $80 Million on Taxes

Residing in the middle of luxurious Beverly Hills, the Los Angeles Golf Club is considered one of the most secretive golf clubs in the entire world. The 320-acre property has a $250,000 initiation fee, and the club also hands out … Continue reading