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
News & Articles
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