It feels like tax season will never end!
The IRS has announced that taxpayers affected by the nor’easter on April 16 now have until Thursday, April 26 to file their tax returns, extending the deadline beyond the previously announced April 19.
If you are affected by the storm, mark your paper tax returns with the words “April 16 Storm.” If you e-file, use your software’s “disaster” feature, if available.
Of course, more folks are e-filing. It’s fast, it’s easy. And with more folks than ever with internet and computer access, it’s to be expected. But. And you knew there would be a but. Here’s my cynical take… You’ll note fewer taxpayers filing generally, down a whopping 12 million this year. There’s a bump in…
According to the Government Accountability Office, in any given year, at least 60% of US corporations surveyed paid no federal income tax liability for 1998 to 2005 (the years studied). That statistic includes corporations of varied sizes. If the trends in the survey are accurate, nearly one quarter of large US corporations don’t pay any…
Today’s guest post is from Carolyn Linkov who explores funding for IRS.
Internal Revenue Service and Telemundo have partnered to air a special one-hour tax program for Spanish-speaking taxpayers on Sunday, Jan. 27. The program, “Los Impuestos y Usted” (“Taxes and You”), will air at: 3:30 p.m. Eastern and Pacific Time. 2:30 p.m. Central Time. 1:30 p.m. Mountain Time. “Los Impuestos y Usted” will focus on a…
At the climax of the 1979 film, “When A Stranger Calls,” the family babysitter, played by Carol Kane, is advised by the police that the terrorizing calls she’s receiving are coming from inside the house. While thinking about that scene, I couldn’t help but wonder about the IRS and its recent problems. What if the…
What would it take for you to turn in your clients? Would 30% of the take do it? What if it meant jail time? These are all things that Bradley Birkenfeld must have considered before approaching the IRS two years ago to turn in tax cheats at UBS. And he did it anyway. Now, Birkenfeld…