The IRS is seeking feedback. Hey, it happens…
If you’re a tax practitioner who prepares federal form 1040 returns with a schedule C, the IRS would like for you to answer a completely anonymous survey for compliance purposes.
If you fit the bill and you have interest, click away.
Kelly Phillips Erb, known as Taxgirl, is a tax attorney, writer, and speaker who explains taxes, IRS news, financial crime, scams, and the law in plain English.
The IRS has announced a change in the reporting requirements for small tax-exemption organizations. Beginning in 2007 (for tax year 2006), organizations with gross receipts of less than $25,000 were required to file a form 990-N (sometimes called an “e-Postcard”) with the IRS each year. Beginning in 2011 (meaning the 2010 tax year), the threshold…
In 2013, Acting Director of Exempt Organizations at IRS, Lois Lerner, apologized to tax lawyers for the IRS’s inappropriate targeting of political groups. Her comments set off a chain of events that would fire officials and consider impeachment proceedings for IRS Commissioner Koskinen’s actions.
I love hearing from my readers! I occasionally get stories, jokes and quotes which I try to post when appropriate. Thanks to Jackie for sending in the following: A father walks into a restaurant with his young son. He gives the young boy 3 nickels to play with to keep him occupied. Suddenly, the boy…
The Internal Revenue Service (IRS) has finally announced the 2015 filing season start date. And surprise! There’s no delay. Tax season for paper and electronically filed returns will open on January 20, 2015. That’s 11 days sooner than last year’s start date and 10 days sooner than the 2013 start date (though the 2012 season…
Stop me if you’ve heard this one before… Except, this time, there’s a twist. Just a few weeks after Internal Revenue Service Commissioner John Koskinen announced the launch of the Annual Filing Season program (AFS), a voluntary program to regulate tax return preparers, a challenge has been filed in the U.S. District Court to stop…
With the Report of Foreign Bank and Financial Accounts (FBAR) deadline looming (remember, it’s tomorrow), many taxpayers and tax preparers are scrambling to finish up returns. Fortunately, with FBAR submissions out of the way, we all finally have time for a breather: traditionally, July is relatively slow month for many taxpayers and tax professionals. That…
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I recently came accross your blog and have been reading along. I thought I would leave my first comment. I dont know what to say except that I have enjoyed reading. Nice blog. I will keep visiting this blog very often.
Alena
http://www.smallbusinessavenues.com