Joseph Orabona's (vectortax) Blog

There’s been a lot of things coming out of Washington this week.  Some of the details aren’t clear yet but one thing that has a lot of people excited is a stimulus check.  Right now it looks like a married couple can get up to $2,400.  Treasury Secrety Steven Mnuchin has said they want to get it ...

I’ve been telling people over and over again for years that filing an extension for your taxes is an extension of time to file, not an extension to pay. I posted yesterday about proposed action from the IRS for payments this year. Shortly after I posted that IRS Notice 2020-17 was issued making i...

Yesterday the Treasury Secretary made an announcement. Within minutes articles were being published and many of them were inaccurate or misleading. With how rapidly the news cycle flows these days many skim something or only half understand it and off they go to publish an article.To date, no off...

I’ve said many times in the past that the IRS is like a sleepy bear. For most, relatively minor, things they may growl at you, but it is typically a while before they take real action. In some areas, though, this has been changing since the appointment of Charles P. Rettig as the Commissioner of ...

I’ve said many times in the past that the IRS is like a sleepy bear. For most, relatively minor, things they may growl at you, but it is typically a while before they take real action. In some areas, though, this has been changing since the appointment of Charles P. Rettig as the Commissioner of ...