Tag Archives: Ways and Means Committee

What’s Happening in Congress Regarding Our Taxes?

Courtesy of the National Association of Enrolled Agents NAEA’s E@lert’s holiday present to readers and taxpayers  is a one-week reprieve on Taxmageddon. The short version is that negotiations are ongoing and largely behind closed doors. Shifting gears a bit, we have news about the tax writing committees. At the start of the 113th Congress (the […]

Ask TaxMama Issue 543 – Change Your Clocks

Dear Family, Tax season is in full force. Lots to do to meet next week’s filing deadlines (see below, or here http://taxmama.wpengine.com/tax-calendar-2010/ ).  Remember to change your clock Saturday night, or you will be late for everything on Sunday. (Huh! Didn’t Daylight Savings Time used to come in April?) People are sending me LOTS of […]

TIGTA Audits IRS’s Administration of First-Time Homebuyer Credit

The Internal Revenue Service (IRS) may have allowed thousands of taxpayers to claim millions of dollars in First-Time Homebuyer Credits (the Credit) to which they were not entitled, according to a new report publicly released today by the Treasury Inspector General for Tax Administration (TIGTA). TIGTA found that some taxpayers claimed the Credit for homes […]

Overview of Pending Tax Legislation

Courtesy of NAEA – www.naea.org Rep. Xavier Becerra (D-CA) last week introduced H.R. 5716, the Taxpayer Bill of Rights Act of 2008, in the House of Representatives. The bill includes NAEA’s key legislative initiative—regulation of paid return preparers. The House Ways and Means Committee last Wednesday approved 23–17 the Taxpayer Assistance and Simplification Act of […]