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Sandy Botkin

News You Can Use – March 2020

1So, you have a tax question. You’re probably thinking that the best place to get it answered is to simply call the IRS. Right? If you answered yes, you would do so at your peril!! First, it takes a long time to even get through to an IRS taxpayer service representative to get your question...Read More

House Passes Coronavirus Relief Bill

Employer Tax Credits The Act provides tax credits to employers to cover wages paid to employees while they are taking time off under the bill’s sick leave and family leave programs. The sick leave credit for each employee would be equal to his wages, limited to $511 per day while the employee is receiving paid...Read More

Are You Driving A Tax Credit?

Our tax law provides a credit for Qualified Plug-in Electric Drive Motor Vehicles including passenger vehicles and light trucks. For vehicles acquired after 12/31/2009, the credit is equal to $2,500 plus, for a vehicle which draws propulsion energy from a battery with at least 5 kilowatt hours of capacity, $417, plus an additional $417 for...Read More

Is the IRS coming for you?

In November 2019, the IRS announced that, as part of a special compliance effort, its Revenue Officers (ROS), whose job is to collect revenue that is owed, would begin making unannounced visits to taxpayers that have ongoing tax compliance issues. ROs are trained IRS civil enforcement employees who work to resolve compliance issues, such as...Read More