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So, this is flying under the radar in the ending of 2020 ... an IRS official just publicly stated that they are massively ramping up audits next year.It was at an event for the AICPA (American Institute of Certified Professional Accounts), and it happened Tuesday:“The...

One of my favorite pieces of reading every year is the IRS Criminal Investigations unit's annual report.Yes, I'm a nerd.Here's the link in case you are a similarly inclined Long Island taxpayer(although I seriously doubt that).Oh, and yes, the IRS has their own...

Back in August, the IRS listened to Congressional urging that they stop sending out "balance due" notices until they got caught back up on a mail backlog.Well, last week, we got the news that the IRS has apparently caught up. (Or, well enough, they say.)That means...

Oh, you thought I would tell you who I thought would win the presidential election?Nope, I'm not going there.I'm a tax professional though, and I'm not immune to conversations about proper planning for either eventuality. In my opinion, however, the BEST advice about...

You might have seen some rumors on this already, but I wanted to help make everything clear for you...A few weeks back I told you that there were some tax professional rumors circulating about “automatic PPP loan forgiveness” for loans under $150K. Remember that?Well,...

Local Long Island business owner to local Long Island business owner(though you might actually be out of the area -- but this still applies), I want to remind you of something that you probably already know:With the election just one month away, the world is SWIMMING...

All the political people are arguing over taxes, and my inner geek smiles.(By the way, if YOU want to argue about the tax issues, here's a good explainer article to start with before you make big declarations about the tax issues involved.)Because I'm not really...

With the business deadline (9/15) behind us, we're in tax planning season.Though the IRS (and Congress) haven't yet definitively made a statement about it (that we know of), here at Pierre-Louis & Associates CPA, P.C. we are operating according to the fact that the...

Here we are, with Q3 of 2020 in the rearview mirror, THANK GOODNESS.Only one more quarter left in this 2020 donkey -- but it's going to be an eventful one.I get asked a bunch by Long Island clients and friends what I think the markets will do, and the only thing I can...

I have a few quick-hit things to cover today.The first of which relates to some timing issues. Labor Day is behind us (though many of my Long Island business owner friends and clients don't really take time off for that).(You can't really take a vacation in the same...

Just in time for the weekend, the IRS issued Friday-evening guidance about the overly-hyped (at first) payroll tax "holiday".There was initial hope that this might be a great shot-in-the-arm for Long Island businesses and employees, but given how the thing is...

If you didn't get a chance to do this before, would you shoot me back a quick note through the email button at the top of the page? I'd like to hear from you...How are things going for your Long Island business right now?I'd like to get just a few sentences about what...