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Top 10 Things Every Taxpayer Should Know about Identity Theft

by TaxMama on July 30, 2010

Taxpayers need to be careful to protect their personal information. Identity thieves use many methods to steal personal information and then they use the information to file a tax return and get a refund. Here are 10 things the IRS wants you to know about identity theft so you can avoid becoming the victim of an identity thief.

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Seven Tax Tips for New Business Owners

July 19, 2010

Podcast: Play in new window | Download

As you know, TaxMama is the author of Small Business Taxes Made Easy, which some people use as their business bible. Each of IRS’s tips is expanded, in detail, in Small Business Taxes Made Easy, – I’ll add the chapter references to IRS’s tips for you.
A new edition of the book is due out this winter. But, [...]

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IRS Special Assistance Day for Gulf Oil Spill Victims

July 16, 2010

WASHINGTON –– The Internal Revenue Service announced the locations of Taxpayer Assistance Centers in seven Gulf Coast cities that will be open this Saturday, July 17 to provide help to taxpayers impacted by the BP oil spill.

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The Taxpayers Advocate Speaks

July 9, 2010

National Taxpayer Advocate Submits Mid-Year Report to Congress;
Identifies Priority Challenges and Issues for Upcoming Year
IR-2010-83, July 7, 2010
WASHINGTON — National Taxpayer Advocate Nina E. Olson today released a report to Congress that identifies the priority issues the Taxpayer Advocate Service (TAS) will address during the coming fiscal year.  The report expresses concern about the adequacy [...]

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IRS Wants YOUR input – About Expanded 1099 Reporting

July 2, 2010

[TaxMama Note: I have heard a lot of griping about the proposed requirement to have businesses issue 1099s to absolutely everyone for everything. If you don't like it - SPEAK UP NOW! Not to me, but where it counts - to IRS. Here's how.]
IRS Requests Public Input on Expanded Information Reporting Requirement 
WASHINGTON — The Internal [...]

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IRS Issues Regulations on 10-Percent Tax on Tanning Services Effective July 1

June 25, 2010

Video: Tanning Services Excise Tax: English | ASL
IR-2010-73, June 11, 2010
WASHINGTON — The Internal Revenue Service today issued regulations outlining the administration of a 10-percent excise tax on indoor tanning services that goes into effect on July 1.
The regulations were published today in the Federal Register.

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Let’s Reward Our Health Care Professionals

June 18, 2010

Affordable Care Act Provides Expanded Tax Benefit to Health Professionals Working in Underserved Areas 
WASHINGTON — As part of a larger Administration announcement on efforts to strengthen the health care workforce, the Internal Revenue Service today announced that under the Affordable Care Act health care professionals who received student loan relief under state programs that reward [...]

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What will the new Registered Tax Preparer be like?

June 11, 2010

On June 9th IRS held a teleseminar for the tax community, to clarify some of the issues surrounding the new registration requirements for tax professionals. The event has been archived and will be available on the IRS website in about 2 weeks.  Most likely, it will be on IRS’ video website.

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IRS Open House – Saturday June 5th!

June 3, 2010

Open House Saturday June 5 to Help Taxpayers Solve Problems and Respond to Notices 
WASHINGTON — The Internal Revenue Service will once again host a special nationwide open house on Saturday, June 5 to help taxpayers solve tax problems and respond to notices from the IRS.
[TaxMama Note - For tips on how to use these IRS Open [...]

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