Kulangy CPA, LLC

IRS partners with AI to crack down on taxpayers

Agency disproportionately pursuing low-income families, say reports

https://frontline.news/post/irs-partners-with-ai-to-crack-down-on-taxpayers

The Tax Payoff for Life Insurance

Although Congress has chipped away at many traditional tax shelters in recent years, the main benefits of life insurance remain intact.

https://www.cpapracticeadvisor.com/2023/07/28/the-tax-payoff-for-life-insurance/82314/?utm_source=CPA+Practice+Advisor&utm_ca...

Pros and Cons of the “Kiddie Tax”

If you’re not careful, this often-misunderstood tax provision can result in a sizeable income tax liability for the family.

https://www.cpapracticeadvisor.com/2023/07/28/pros-and-cons-of-the-kiddie-tax/82312/?utm_source=CPA+Practice+Advisor&utm_campaign=edaddc0...

Pop Star Shakira to Face Second Tax Fraud Probe in Spain

The singer will soon stand trial for allegedly failing to pay 14.5 million euros ($13.9 million) in taxes between 2012 and 2014.

IRS Ends Unannounced Visits by Agents

Effective immediately, unannounced visits will end except in a few unique circumstances and will be replaced with mailed letters to schedule meetings.

https://www.cpapracticeadvisor.com/2023/07/24/irs-ends-unannounced-visits-by-agents/82215/?utm_source=CPA+...

Workers Have Multiple Home Office Options

Only 4 percent of high-paying jobs were remote before the pandemic. That rose to 9 percent by the end of 2020, and it’s more than 15 percent today. There are expected to be 36.2 million American employees working remotely by 2025.

https://www.cpapractic...

Tax Issues When Selling a House After a Divorce

What are the tax consequences regarding a home sale if you and your spouse split up or divorce?

https://www.cpapracticeadvisor.com/2023/07/17/home-sale-tax-issues-during-divorce/82016/?utm_source=CPA+Practice+Advisor&utm_campaign=88ff9e1bb7-EMAIL_...

How to Deduct Business Expenses While on Vacation

When planning your travels this summer or any other time of the year—business or personal—just remember that the IRS pays close attention to expenses incurred.

https://www.cpapracticeadvisor.com/2023/07/06/how-to-deduct-business-expenses-while-o...

IRS Warns of New Tax Refund Mail Scam

If you receive a cardboard envelope appearing to be from the IRS about an unclaimed tax refund, be cautious. It’s a scam.

https://www.cpapracticeadvisor.com/2023/07/05/irs-warns-of-new-tax-refund-mail-scam/81700/?utm_source=CPA+Practice+Advisor&utm_campaign...