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RECENT BLOG POSTS
The IRS is undergoing a significant transformation, and many are closely watching its impact on tax enforcement. As new strategies emerge, it seems the enforcement landscape may shift dramatically, particularly in terms of automated systems and the growing number of non-filers being drawn into th...
02/08/2025
As cryptocurrency continues to grow in popularity, understanding its tax implications is more important than ever. Nearly 40% of Americans own some form of crypto, and whether you’re an individual investor, business owner, or tax professional, staying informed about crypto-related tax rules is es...
01/29/2025
It’s a common misunderstanding: you’ve signed and notarized your trust, and you feel like you can check “estate planning” off your to-do list. Unfortunately, that’s only part of the process. One crucial step often gets overlooked: funding your trust.Funding is the process of ensuring your assets ...
01/20/2025
As a real estate agent, you know that each transaction comes with its own set of challenges. But when it comes to properties encumbered by an IRS lien, things can get complicated fast. Selling or refinancing a property with an IRS lien can feel like trying to push a boulder uphill. However, there...
01/10/2025
SALT LAKE CITY, UTAH – When it comes to IRS priorities and enforcement, Subchapter S-Corps and their owners/shareholders are at the top of its list.  In a Treasury Inspector General for Tax Administration Report in 2021, the IRS reported that it will begin to turn up the heat on S-Corp owners who...
03/16/2024
SALT LAKE CITY, UTAH – Important things that most estate planning attorneys do not tell you.  Most parents believe the inheritance they leave to their children will be protected from a child’s divorce.  But in reality, this is often not the case. Children can easily lose their inheritance in a di...
01/22/2024
SALT LAKE CITY, UTAH – Important things that most estate planning attorneys do not tell you.  If you have had estate planning documents prepared for you, you may have noticed that your estate plan includes a Financial Power of Attorney (“FPOA”).  Based on my conversations with prospective clients...
10/30/2023
SALT LAKE CITY, UTAH – I previously wrote about the IRS’s announcement on September 14, 2023 of the processing moratorium the IRS was placing on the Employee Retention Credit (“ERC”) claims. The IRS announced that it will not be processing any newly filed ERC claims until it works through its bac...
10/22/2023
SALT LAKE CITY, UTAH – When it comes to the Employee Retention Credit (the “ERC”), it seems like every time I start a multi-part analysis of the ERC something changes.  Yesterday, the IRS published a notice informing taxpayers that the IRS has imposed a moratorium on processing new claims for the...
09/15/2023
SALT LAKE CITY, UTAH – If you are a business owner applying for the ERC, you may have been guaranteed $26,000 per employee by a third-party ERC preparer.  The IRS recently cautioned taxpayers applying for the ERC to do so with their eyes-wide-open as to those to-good-to-be-true promises.  It is i...
09/10/2023
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