[OPINION] Opposing IRS’ tax preparation plan
James Yu, CPA Board Member, Las Vegas Asian Chamber of Commerce As a long-serving Certified Public Accountant in Las Vegas, I’ve worked with businesses that are incredibly diversified. They have…
Tag: IRS
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IRS says more early birds filing taxes
Barely three weeks after the start of this year’s tax filing season, the IRS had received 19 million tax returns, processed 16.8 million of them, and issued eight million refunds…
US Senate fails to approve $2K stimulus checks
Trump signs COVID-19 relief bill U.S. Senate Majority Leader Mitch McConnell (R-KY) on Tuesday, Dec. 29 blocked the House bill that would have fulfilled President Donald Trump’s request to increase…
How does the IRS look into your hobby losses?
THE classic “hobby loss” situation involves a professional or businessperson who starts Zumba classes, dog-breeding business or a farm. If the IRS determines that the Zumba, dog-breeding, or farm project…