You Stole My Heart and My Money
According to the Federal Trade Commission, consumers reported losing more than $3.3 billion to fraud in 2020, up from $1.8 billion in 2019. Nearly $1.2 billion of losses reported last year were due to imposter scams, while online shopping accounted for about $246...
How the New Administration and Congress will Affect the IRS and All Taxpayers
News articles reveal that the Biden Administration is proposing an increase in the IRS budget by $13.2 billion to help with modernization, cybersecurity, and to help with compliance. It is expected that by employing 8,493 more full-time employees, every $1.00 spent on...
Dealing with Internal Revenue Service Employees
Taxpayers may be dealing with more IRS agents if Commissioner Charles Rettig gets the budget increase to $800 billion that he desires, for new employees, modernize the systems, implement the Taxpayer First Act and conduct compliance activities that support the...
Hiring Your Child as an Employee
Thanks to the Tax Cuts and Jobs Act (TCJA), if you are operating a small business as a sole proprietorship or a single-member LLC that is treated as a sole proprietorship for tax purposes, you can hire your child under the age of 18, as a legitimate employee. His or...
The Importance of Filing Timely with the IRS
The Internal Revenue Code requires individual taxpayers file on April 15th of each year to file an extension Form 4868, which allows you to estimate your tax liability for the prior year and make a payment. The IRS announced for residents and businesses in Texas...
The Impact of Relevant Conduct on Taxpayers
IRS Criminal Investigation Special Agents use the specific items method of proving income because it is generally the easiest method of proof that the IRS has in its arsenal to prove unreported income. IRM 9.5.9.4 states, “Where the government is using the specific...
Discovery Actions Beneficial to the Defense
It is extremely important for an expert witness working for a defense attorney on a civil or criminal case to have access to discovery. Today there are methods of sharing files through ShareFile, YouSendIt, RapidShare, and other file sharing software like Dropbox,...
Follow the Money and Assist Your Client
Over the years, when investigating financial matters, it has been determined essential to “follow the money.” In training, the Internal Revenue Service fostered the concept of “full financial investigation.” In the private sector, “following the money” is...
Payroll Protection Program (PPP) Loans Round 2
This article continues the series of PPP Loan matters. On April 2, 2020, the U.S. Small Business Administration (SBA) posted an interim final rule announcing the implementation of sections 1102 and 1106 of the Coronavirus Aid, Relief, and Economic Security Act (CARES...
Attorneys Beware: scammers are after you
Beware the scammers are attempting to gain access to your trust accounts. Recently, an attorney who received an email advising that a Swedish company needed the assistance of an attorney to complete a business transaction contacted Sage Investigations LLC. The...
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Free Consultation
Please fill out the form below and we will contact you shortly or call our office at 512-659-3179.
You Stole My Heart and My Money
According to the Federal Trade Commission, consumers reported losing more than $3.3 billion to fraud in 2020, up from $1.8 billion in 2019. Nearly $1.2 billion of losses reported last year were due to imposter scams, while online shopping accounted for about $246...
How the New Administration and Congress will Affect the IRS and All Taxpayers
News articles reveal that the Biden Administration is proposing an increase in the IRS budget by $13.2 billion to help with modernization, cybersecurity, and to help with compliance. It is expected that by employing 8,493 more full-time employees, every $1.00 spent on...
Dealing with Internal Revenue Service Employees
Taxpayers may be dealing with more IRS agents if Commissioner Charles Rettig gets the budget increase to $800 billion that he desires, for new employees, modernize the systems, implement the Taxpayer First Act and conduct compliance activities that support the...
Hiring Your Child as an Employee
Thanks to the Tax Cuts and Jobs Act (TCJA), if you are operating a small business as a sole proprietorship or a single-member LLC that is treated as a sole proprietorship for tax purposes, you can hire your child under the age of 18, as a legitimate employee. His or...
The Importance of Filing Timely with the IRS
The Internal Revenue Code requires individual taxpayers file on April 15th of each year to file an extension Form 4868, which allows you to estimate your tax liability for the prior year and make a payment. The IRS announced for residents and businesses in Texas...
The Impact of Relevant Conduct on Taxpayers
IRS Criminal Investigation Special Agents use the specific items method of proving income because it is generally the easiest method of proof that the IRS has in its arsenal to prove unreported income. IRM 9.5.9.4 states, “Where the government is using the specific...
Discovery Actions Beneficial to the Defense
It is extremely important for an expert witness working for a defense attorney on a civil or criminal case to have access to discovery. Today there are methods of sharing files through ShareFile, YouSendIt, RapidShare, and other file sharing software like Dropbox,...
Follow the Money and Assist Your Client
Over the years, when investigating financial matters, it has been determined essential to “follow the money.” In training, the Internal Revenue Service fostered the concept of “full financial investigation.” In the private sector, “following the money” is...
Payroll Protection Program (PPP) Loans Round 2
This article continues the series of PPP Loan matters. On April 2, 2020, the U.S. Small Business Administration (SBA) posted an interim final rule announcing the implementation of sections 1102 and 1106 of the Coronavirus Aid, Relief, and Economic Security Act (CARES...
Attorneys Beware: scammers are after you
Beware the scammers are attempting to gain access to your trust accounts. Recently, an attorney who received an email advising that a Swedish company needed the assistance of an attorney to complete a business transaction contacted Sage Investigations LLC. The...