WASHINGTON — As part of its new oversight program of the nation’s tax return preparation industry, the Internal Revenue Service today announced it will send letters to approximately 100,000 tax return preparers who prepared returns in 2011 but failed to follow new requirements.
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[TaxMama note: If you are still battling IRS over your homebuyer’s credits, use this opportunity to speak to someone face-to-face to help you resolve your case and get your money released!] WASHINGTON –– The Internal Revenue Service will open the doors to dozens of its Taxpayer Assistance Centers across the country this coming Saturday, July […]
Dear Family, It’s been one heck of a week. Trying to dump this flu, and meet all my deadlines, and teach three classes, and stay awake. Through a sheer effort of will, I managed to survive. But let me tell you, sleep was just an eyeblink away. By Monday, I will finally have shaken […]
[Note: Chapter 12 of Small Business Taxes Made Easy is all about this issue. We have been anticipating this in California and other major states for quite some time now.] The state of California finally passed a budget which seems to be balanced on the basis of charging sales tax to Amazon.com and similar online […]
Courtesy of David & Mary Mellem, EAs A PMTA is a document that contains legal advice signed by attorneys in the National Office of the Office of Chief Counsel and issued to IRS personnel who are national program executives and managers. They are useful for taxpayers since they explain what the rules are in certain […]
In honor or my recovering from the flu – which I did not want to share with you. Here is something I do want to share! . Smiling is infectious, You catch it like the flu. When someone smiled at me today, I started smiling too.
Dear Family, This week is officially the beginning of summer! Don’t you love this time of year? Our legislators leave the Capitol and run home to their constituents to see what we want them to do. They pass fewer tax laws to distract and confuse us. Considering there were over 500 changes to the U.S. […]
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 […]
Courtesy of IRS https://www.irs.gov/pub/irs-drop/a-11-40.pdf The following standard mileage rates will apply: January 1 – June 30: 51 cents per mile for business miles driven July 1 – December 31: 55.5 cents per mile for business miles driven January 1 – June 30: 19 cents per mile driven for medical or moving purposes July 1 – December […]
In ancient Israel , it came to pass that a trader by the name of Abraham Com did take unto himself a young wife by the name of Dot. And Dot Com was a comely woman, broad of shoulder and long of leg. Indeed, she was often called Amazon Dot Com. And she said unto […]
Dear Family, This weekend encompasses Fathers Day – so here’s a special card for all the fathers and folks who love them. Watch it play out – these Jacquie Lawson cards are so charming! Hooray for California. After forcing the state legislature to pass a budget bill on time or lose their pay for every […]
The IRS has been busy this week, providing more time for financial professionals who had signature authority over clients’ overseas accounts through 2008 (before 2009) to catch up on reporting requirements to comply with FBAR disclosures. They now have until November 1, 2011. As a result of all the disasters in Missouri earlier this year, […]