For the IRS, It's Tax Season Again
If April 15 is the end of one tax season, April 16 is the beginning of the next. The IRS is already getting a start, with its recently posted "Tips to Start Planning Next Year's Tax Return." Although...
View ArticleTell the IRS What to Do
The IRS is looking for new members for its Internal Revenue Service Advisory Council (IRSAC), according to a recent announcement. The council's purpose, according to the IRS, is to provide a forum for...
View ArticleColleges Flunk IRS Compliance
After an exhaustive investigation into college and universities' compliance with regulations governing nonprofit entities, the IRS has released its final report, showing that many institutions of...
View ArticleSomeone Had to Leave the IRS
Scandals in Washington are nothing new, and the need to have someone to blame isn't new either. But just who is going to take the heat for the accusations that the IRS gave inappropriately intense...
View ArticleCure for the Summertime (Tax) Blues
In the old Eddie Cochran rockabilly song, Summertime Blues, a teenager sings about how much he hates having to work during summer vacation. The IRS is showing a little sympathy, with some advice in a...
View ArticleDo-It-Yourself E-Filing
E-filing continues to grow in popularity, according to a release from the IRS. So far in 2013, more than 43 million people have self-prepared and e-filed their tax returns from home—an increase of more...
View ArticleChild Care Credit for Summer
The IRS wants parents to know that school may be out in June, but the child care credit is a year-round benefit, according to a Special Edition Tax Tip. Below is a summary of the key provisions; more...
View ArticleMaking It Easier at the IRS
Through its Taxpayer Burden Reduction program, the IRS is trying to make things easier for taxpayers. As the IRS notes, the TBR mission is "a significant reduction in unnecessary burden for all...
View ArticleIRS Provides Fuel Tax Credit Q&A
Perhaps believing there was some confusion, the IRS recently posted some clarifying information on certain fuel credits that were extended by the Taxpayer Relief Act. These credits include the...
View ArticleDOMA's Demise Means Tax Changes
The Supreme Court declared the Defense of Marriage Act unconstitutional in a 5-4 decision announced this morning. As described in the New York Times, this means that same-sex couples are now entitled...
View ArticleIRS Cancels July 22 Furlough Day
The IRS has already taken May 24, June 14 and July 5 as "furlough" days due to the sequester budget situation. But in a July 16 announcement, the IRS announced it would be open for business on Monday,...
View ArticleIRS Corrects CP2000 Notice
The IRS has published a notice about an interest calculation error on certain CP2000 notices mailed the weeks of July 1 and July 8. According to the IRS, it discovered errors in the notices during a...
View ArticleIRS Offers Safe Bet on Gambling
There's no "sure thing" in the world of gambling, but you can rely on IRS guidance in this area—and on the rules that ensure the government gets its slice of the pie. Whether you're playing the ponies,...
View ArticleIRS Offers Vacation Home Guidance
Everyone likes having a vacation home—even if you don't use it yourself, you can rent it out. Just as with other income, the money you get from your renters is subject to tax, but there are some...
View ArticleFinding Old Tax Returns
With taxpayers increasingly relying on software and online filing for their tax returns, it would seem that there'd be little need to request past returns from the IRS. Everything should be neatly...
View ArticleIRS Worker Charged w. Money Laundering
A 27-year IRS veteran has been charged with conspiring with others to launder the proceeds of marijuana sales, according to Accounting Today.read more
View ArticleSovereign Citizen Leader Gets 18 Years
James Timothy Turner, a leading member of the Republic for the united States of America (the lowercase 'u' is intentional), an organization that promotes the sovereign citizen movement, has been...
View ArticleIRS Postpones August 30 Furlough
The IRS will be open on August 30 after all, according to a statement on the agency's website. It is postponing its fifth scheduled employee furlough day, citing "substantial progress in cutting...
View ArticleBack-to-School Tax Tips
As students finish summer reading lists and parents think about everything from buying new pencil cases to making tuition payments, the IRS has posted a list of education-related tax breaks, as part of...
View ArticleDOD Grants Same-Sex Spouse Benefits
No matter where they serve, the country's uniformed military personnel, as well as civilian Defense Department employees, will be eligible for same-sex spousal benefits no later than Sept. 3, 2013,...
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