Kent Brown's (kbrowndad) Blog

Salt Lake City, Utah – Over the last few months I have provided warnings/updates on IRS Enforcement issues.  Many of the warnings had to deal with the increased funding for the IRS.  Last Week, Commissioner Amalia Colbert and Deputy Commissioner Darren Guillot, with the Small Business and Self-Em...

Salt Lake City, Utah – By now we have all heard about the Employee Retention Credit (“ERC”) and how a business can receive tens of thousands of dollars in a refundable tax credit.  In a recent news release by the IRS, the IRS spelled out which employers are eligible - https://www.irs.gov/coronavi...

Salt Lake City, Utah - Let’s pretend that upon your death you leave your assets to your children. All of them have good jobs, manage their finances well, and are happily married. A few years go by after your death and one of your children ends up going through a divorce.  Then a couple of years l...

Salt Lake City, Utah - As a tax attorney, one of the biggest legal trends I have seen this year is that many of my friends, acquaintances, family members, or friends of family members, tell me that they know someone who has a tax problem. This legal trend is not surprising.  The IRS recently publ...

Salt Lake City, Utah – July 17, 2023, is the deadline for claiming your 2019 tax refund.  The IRS announced that 1.5 million people across the country have unclaimed refunds for tax year ending in 2019.  IRS Commissioner Danny Werfel stated: “[t]he 2019 tax returns came due during the pandemic, a...

Salt Lake City, UT - Twice a week I try and post something about taxes and tax controversy issues.  Today I am changing it up a little based on a recent experience that I had with one of my clients.  When I meet with individuals and we start looking at their assets, we always discuss their bank a...

Salt Lake City, Utah - You have a good business, but sometimes your cash flow gets a little low and the payroll tax deposit is not made on time.  Or maybe you just were busy and missed your quarterly payroll tax return filings – surprisingly this is the excuse I hear the most. Whatever the reason...

Salt Lake City, Utah - The IRS issued a news release about the Employee Retention Credit (the “ERC”).  Go to this link for the release:  https://www.irs.gov/newsroom/irs-opens-2023-dirty-dozen-with-warning-about-employee-retention-credit-claims-increased-scrutiny-follows-aggressive-promoters-maki...

Salt Lake City, Utah – The IRS recently released its roadmap for the $80 billion funding boost that it received from the Inflation Reduction Act.  The 10-year plan aims to increase audit rates on the wealthy, including businesses, while updating the IRS’s technology and data analytics capabilitie...

Salt Lake City, Utah - I started talking about Payroll Taxes several weeks ago and I want to return to this subject today.  When a business owes payroll taxes, the following is the process the IRS will pursue and expect the taxpayer to follow: Payroll returns are to be filed – by the taxpayer - t...