Tag Archives: DC

IRS Seeks Applications for Advisory Committee for the Tax Exempt and Government Entities Division

[TaxMama Note: Instead of complaining about the system – speak up and fix it! This is your opportunity.] WASHINGTON — The Internal Revenue Service is seeking applications for vacancies on the Advisory Committee on Tax Exempt and Government Entities (ACT). The committee provides a venue for public input on relevant areas of tax administration.

Spring 2012 Statistics of Income Bulletin Now Available

Courtesy of the Internal Revenue Service WASHINGTON — The Internal Revenue Service today announced that the spring 2012 issue of the Statistics of Income Bulletin is available to the general public. This issue features information on high-income individual income tax returns filed for tax year 2009.

Tax Deductions for Scuba Diving

  Article reprinted with the permission of W. Murray Bradford, CPA   QUESTION:  I sell property and casualty insurance in Florida. I also like to scuba dive. I would like your opinion on whether or not the following is deductible. I  spent five hours with a prospect. First we went on a dive, then we […]

2010 IRSAC Report Made Available

Washington — The Internal Revenue Service Advisory Council (IRSAC) issued its annual report today during a public meeting held in Washington, DC, delivering a report with a series of recommendations on a wide range of tax administration issues. IRSAC made several recommendations based on its findings and discussions, in some of the following areas: Procedures […]

Summer 2010 Statistics of Income Bulletin – Shows Drops in Small Business Income

WASHINGTON — The Internal Revenue Service announced availability of the summer 2010 issue of the Statistics of Income Bulletin, which features sole proprietorship data for tax year 2008. About 23 million individual income tax returns reported at least one nonfarm sole proprietorship in tax year 2008, a 2 percent decrease since the prior year. Reported […]

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

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.

Ask TaxMama Issue 540 – A Long Weekend

Dear Family, This week went by so quickly, I didn’t even have time to blink. Perhaps not so for some people. Working on an article, I called the IRS DC press office one morning, only to get the answering service message that the office was closed. So contacted a couple of those cool guys by […]