20 January 2011
As the IRS moves to make it more difficult for tax preparers and financial institutions to issue RALs (refund anticipation loans), critics have been quick to point out that low-income taxpayers may have a difficult time taking advantage of their tax refunds. Many low-income taxpayers are “bankless” without access to banks that will cash tax [...]
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4 September 2008
The IRS has announced that they have again delayed the effective date of Revenue Ruling 2006-57, originally released in November 2006. The Ruling provides guidance to employers on the use of items like smartcards, debit or credit cards to provide qualified transportation fringes under Internal Revenue Code §§ 132(a)(5) and 132(f). The basic idea behind [...]
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