WASHINGTON — Today, the U.S. Department of the Treasury is undertaking actions as part of a coordinated international effort to disrupt Russian cybercrime services. Treasury’s Financial Crimes Enforcement Network (FinCEN) is issuing an...

The Internal Revenue Service today issued a reminder for owners of most heavy highway vehicles that the time to file Form 2290, Heavy Highway Vehicle Use Tax Return, began July 1, 2019. The highway use tax applies to highway motor vehicles with a...

Two Ecstatic Clients Debt Forgiven in February 2019   Case 1: " Dear Mr. Taxpayer, We have accepted the offer in compromise you signed and dated on 06/6/2018. The acceptance date is the date of this letter and acceptance is subject to...

What is an LLC? A limited liability company (LLC) is a business structure. You can create an LLC by yourself, with a partner, or with a group. If you own an LLC you are a “member” of the LLC. LLC’s are regulated at the state level, so the...

Watch this video for 2018 tax updates! D Jones Professional Services: Client Videos

IR-2018-162, Aug. 8, 2018 WASHINGTON — The Internal Revenue Service issued proposed regulations today for a new provision allowing many owners of sole proprietorships, partnerships, trusts and S corporations to deduct 20 percent of their...

The Internal Revenue Service today urged taxpayers who requested the six-month filing extension to double check their tax returns and file on or before the mid-October deadline. IRS e-file and Free File are excellent filing options and are still...

Don’t Make this Critical Mistake!! I can’t tell you the number of taxpayers that have mistakenly filed their return late because they anticipated they would owe a balance and not have the ability to pay the balance in full. The most important...

Dishonest and unscrupulous tax preparers, including some who are “ghost" tax preparers, perpetuate refund fraud and scams that hurt honest taxpayers who are simply trying to do the right thing and file a legitimate tax return. Dishonest...

Examples of DEBT FORGIVEN: CASE 1: JAN. 20, 2018 Client owed $21,000 in debt, the IRS accepted an offer of $1,956.00. With an initial down payment of $391.20(20%), leaving the client with a balance of $1,564.80. The remaining 5 payments were...