Episode 9: IRS Update: The Trouble with High Income Nonfilers and Dealing with Unemployment Fraud

In this episode, I am interviewed by Jerrod Oltmann, an enrolled agent, about what is going on at the IRS regarding high income non-filers. We also talk about how taxpayers can avoid trouble if they are a victim of unemployment fraud.

Jerrod Oltmann handles tax controversy work like I do and I enjoyed talking with him about these two subjects.

In our first segment, we discussed the TIGTA report (the Treasury Inspector General) which "scolds" the IRS for not doing more to pursue high-income non-filers. We go through the numbers and then discuss how this may change the IRS' priorities in the years to come. It is estimated that billions (with a capital B) are uncollected taxpayers who earn $100k or more. You can read the damning report for yourself at: https://www.treasury.gov/tigta/auditreports/2020reports/202030015fr.pdf

In our second segment, we talked about how to protect yourself if you are a victim of unemployment fraud. You can read more about it here: https://bangordailynews.com/2020/06/11/business/maine-canceled-nearly-as-many-fraudulent-unemployment-claims-as-it-received-last-week/

If you do find yourself a victim of such fraud, you can report that to your state department of labor. In Maine, the link is: https://www.maine.gov/unemployment/fraud/

Finally, you can find Jerrod's bio at: https://www.jpoea.com/about/ 

If you or someone you know has a tax problem, call our office at 207-502-7181 or email us at jwade@jdwadelaw.com. We will be glad to help you. Otherwise, please enjoy our content and let us know if there are topics you'd like us to discuss.