One Reason Tax Audits by State Agencies Will Likely Go Up in 2019

On behalf of Frost Law posted in on June 10, 2019.

As tax filing season ends, taxpayers throughout the country begin to realize the reality of tax audits. Tax experts predict tax audits by state agencies to go up this year. The main reason: the new tax law. How would the new tax law lead to increased state tax audits? The Tax Cuts and Jobs Act […]

Tags: IRS, Audits, Blog


Living Abroad? IRS requires Tax Filing by June 17.

On behalf of Frost Law posted in on June 6, 2019.

United States citizens living outside of the United States may still owe taxes to the Internal Revenue Service (IRS). The IRS has strict and far reaching tax laws. Tax laws that often extend beyond the borders of the country. As a result, anyone with citizenship will likely need to file with the IRS. What if […]

Tags: Blog, Tax Topics, IRS


7 Takeaways from IRS Commissioner Rettig’s Keynote Speech to MSBA

On behalf of Frost Law posted in on June 4, 2019.

Frost & Associates, LLC was pleased to be among the sponsors for this year’s Annual Irving Shulbank Memorial Dinner and Program. Highlights of the program included announcing the recipients of the 2019 Tax Excellence Award and The J. Ronald Shiff Memorial Pro Bono Award, as well as a presentation by keynote speaker, IRS Commissioner Charles […]

Tags: IRS, Blog


IRS set to Outsource Business Debt Collection

On behalf of Frost Law posted in on June 4, 2019.

Recently, the IRS has confirmed that it will expand the scope of its private debt collection program initiated in 2017. On May 24, 2019, Bloomberg BNA relayed content of an IRS email wherein the IRS stated that, beginning in June of 2019, it will refer a small number of delinquent business accounts to private collection […]

Tags: IRS, Blog


Getting a Summer Job? IRS recommends a “Paycheck Checkup”

On behalf of Frost Law posted in on May 28, 2019.

The Internal Revenue Service (IRS) recently published a newsletter encouraging workers with more than one job to conduct a paycheck checkup. The checkup involves reviewing withholdings to ensure that the taxpayer is paying enough to cover tax obligations. Why do I need to have withholdings? The United States tax system is one that requires incremental […]

Tags: IRS, Audits, Blog


Expedited Passport Decertification available to Taxpayers with Urgent Travel Needs

On behalf of Frost Law posted in on May 22, 2019.

As we’ve previously reported,1 the IRS is actively targeting some taxpayers for passport denial or revocation. Currently, taxpayers who owe the IRS at least $52,000 may be unable to obtain or renew their passports. Taxpayers must be proactive to prevent delays with travel plans. On February 27, 2019, the IRS issued a news release2reiterating that […]

Tags: IRS, Firm News, Blog


A simple explanation of Two IRS Deductions for Small Businesses

On behalf of Frost Law posted in on May 20, 2019.

The Internal Revenue Service (IRS) provides some tax benefits to small businesses. Many of these benefits are in the form of tax deductions. When it comes to pass-through entities like sole proprietors, partnerships, and limited liability companies (LLC), two examples include: Tax deduction #1: Business losses The IRS allows small business owners to claim certain […]

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Royal Baby Sussex, Meet Uncle Sam

On behalf of Frost Law posted in on May 13, 2019.

The Duke and Duchess of Sussex, Prince Harry, and his wife Meghan Markle, recently welcomed a baby boy into the royal family. Amidst the joy and celebrations that often come with welcoming a new family member, this little one may require some proactive tax planning. Although born in England, the infant could find himself subject […]

Tags: IRS, Blog


Tax Audits: How long do you need to Worry?

On behalf of Frost Law posted in on May 6, 2019.

The Internal Revenue Service (IRS) can review taxpayers’ returns. But, like most things in the legal world, this ability is generally limited. How is the IRS’ limited? In most cases, a statute of limitations, or time limit, applies. This means the agency has a set amount of time it can look back into your tax […]

Tags: IRS, Audits, Blog


How does the IRS build Allegations of Tax Fraud?

On behalf of Frost Law posted in on April 29, 2019.

Snitches. It is a word that brings back memories of plot lines from popular mobster movies like The Godfather or the mega-hit HBO show The Sopranos. There are many names for those who provide information to another party in exchange for gain or immunity. The term “snitch” has a more negative connotation, other, less sinister […]

Tags: IRS, Blog