Is Build Back Better Born Again?
August 03, 2022Looking at Build Back Better – Part 2 In a surprise to most everyone, Senate Majority Leader Chuck Schumer, D-N.Y., and Sen. Joe Manchin, D-West Virginia, announced the Inflation Reduction Act of 2022 (or is it Build Back Better Redux), a proposed reconciliation bill. Manchin is known for blocking previous attempts to pass Build Back… Read more »
Welcome Ben Hurwitz, CPA to AJM&A, Ltd.
June 24, 2022AJM&A, Ltd. Welcomes Ben Hurwitz, CPA Our commitment to better serve our clients shows as we add friend and colleague Benjamin A. Hurwitz as a CPA to our team. Adding a CPA enables us to provide an additional level of expertise for individuals and businesses in areas of accounting, tax planning and compliance. A CPA… Read more »
Is the IRS Auditing More Wealthy Taxpayers?
June 24, 2022The Internal Revenue Service issued a statement that it is auditing tax returns for the highest-earning taxpayers much more aggressively than it has in the past decade. Reports on IRS auditing comes amid sharp criticism from Congress over lagging audit numbers. There seems to be a disconnect between the IRS reports and the Government Accountability… Read more »
2022 Tax Filing Season Recap and Tax Support
May 09, 2022The report, released on May 2, by the Treasury Inspector General for Tax Administration, found that backlog inventories left over from the 2021-22 filing season are larger than those in the 2020 filing season. More than 16.4 million individual tax returns, transactions and Accounts Management cases remained in inventory as of the end of calendar… Read more »
The $600 Question-Will the IRS Be Tracking Your Expenses?
October 25, 2021What is the happening with the IRS tracking Expenses? Part of the Build Better Back Plan, proposed by the Biden administration, has people scratching their heads in confusion. Mostly due to a component of the plan to beef up IRS auditing. The administration wants to expand the agency’s funding and power. The proposal would require… Read more »
