The IRS has a form for EVERYTHING! 1099 Forms are “Information Returns” and there are many different versions. 1099s are required to report any payments from sources other than employment. People receive 1099 Forms from many different reasons due to the many different types of income there are. Attorney Steven A. Leahy explains what 1099s are and the many different versions.

40 trade associations, including banking industry groups, have publicly labeled the proposal to hand over taxpayer banking data to the IRS as a Nightmare for compliance and privacy. The administration today connected the measure to repealing the SALT tax provisions put in place to make “the wealthy pay their fair share.” Attorney Steven A. Leahy addresses the controversy on Today’s Talk Talk.

Finally, the truth is coming out, and Americans are starting to rebel against the IRS plan to gather everyone’s bank statements and crackdown on 1099 employees and all small businesses. Is it too late? I hope not. Let’s contact congress and let them know what we think of this idea. The number of stories on the Crackdown are mounting and Attorney Steven A. Leahy will review the latest IRS news.

Attorney Steven A. Leahy informs our Pod-Cast audience on “Today’s Tax Talk” about IRS news, and if you have been watching, Attorney Leahy has been warning about the ever-increasing power of the IRS and the threat to privacy and freedom in America. Well, at last, other outlets have finally joined our warning.

The proposed American Families Act provides the IRS access to virtually all American’s banking information which is now protected under the Financial Privacy Act, and nearly doubles the size of the IRS in order to go after America’s “flow through”: companies – or EVERY small business in America..