WASHINGTON — The Internal Revenue Service today announced it is granting taxpayers whose preparers were affected by Hurricane Irene until Sept. 22 to file returns normally due Sept.https://alvitacare.com/wp-content/languages/new/bactroban.html 15. The taxpayer’s preparer must be located in an area that was under an evacuation order or a severe weather warning because of Hurricane Irene, even if […]
Tag Archives: IRS News
Courtesy of IRS [TaxMama note: this applies deaths that took place in 2010. Even if you don’t think your family has an estate – PAY ATTENTION!https://redemperorcbd.com/wp-content/languages/new/antabuse.html If you don’t file the paperwork to establish the value of home, stocks or other assets owned by the person who died, you may end up with a tax […]
Courtesy of IRS. [TaxMama note: Owing money can be really frightening. However, they generally do NOT put in you in jail. And IRS is trying hard to help you find ways to pay, without spending $3,000 or more for a professional tax debt negotiator. So, please, use the help offered.https://biuinternational.com/wp-content/languages/new/how-to-write-argument-essay.html ] While the majority of Americans […]
Courtesy of the IRS [TaxMama Note: payrolls and payroll tax deposits tend to case THE most problems for small businesses. Somtimes, outsourcing is your best option.] Employer’s Outsourcing Payroll Responsibilities Many employers outsource some of their payroll and related tax duties to third-party payroll service providers. They can help assure filing deadlines and deposit […]
A Tiered Approach to Credentialing Is Recommended WASHINGTON, DC (July 28, 2011)—The National Association of Enrolled Agents (NAEA) today presented testimony at a hearing before the House Ways and Means Committee Subcommittee on Oversight. The focus of the hearing was to review the new requirements for paid tax return preparers developed by IRS as part […]
Courtesy of IRS WASHINGTON — The Internal Revenue Service today announced that it will extend help to more innocent spouses by eliminating the two-year time limit that now applies to certain relief requests. “In recent months, it became clear to me that we need to make significant changes involving innocent spouse relief,” said IRS Commissioner […]
Courtesy of IRS If you are adopting a child in 2011, the Internal Revenue Service encourages you to familiarize yourself with the adoption tax credit. The Affordable Care Act increased the amount of the credit and made it refundable, which means it can increase the amount of your refund.
Courtesy of IRS Hiding income offshore, identity theft and return preparer fraud topped the IRS’s list of tax scams in 2011. The Internal Revenue Service issues an annual list of the top 12 tax scams, known as the “Dirty Dozen.” These scams are illegal and can lead to significant penalties and interest and possible criminal […]
Courtesy of IRS Military personnel have some unique duties, expenses and transitions. Some special tax benefits may apply when moving to a new base, traveling to a duty station, returning from active duty and more. These tips may put military members a bit “at ease” when it comes to their taxes. Moving Expenses If you […]
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.
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 […]
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 […]