The IRS has released a statement regarding the current filing season in light of the Austin tragedy. Since the IRS does not process tax returns or issue refunds at the Echelon 1 Building in Austin, Texas, the filing season will not be affected.
It’s almost like Congress is dragging this thing out just to make me have to type the phrase American Jobs and Closing Tax Loopholes Act of 2010. There’s not even a good acronym for it since there are too many consonants and not enough vowels: AJCTLA, which kind of sounds like something Gwen Stefani would…
On December 20, 2014, Ismaaiyl Brinkley walked up to a patrol car and shot NYPD Officers Wenjian Liu and Rafael Ramos at close range, killing both. Officer Liu had served seven years on the force and Officer Ramos served just two years. Both were family men: Officer Liu was a newlywed and Officer Ramos was…
Welcome to another session of Ask the taxgirl LIVE! We’ll be getting started today, Wednesday, February 29, 2012, at 12:00 pm EST. I plan to answer as many questions related to federal income tax as I can in the space of an hour. If you have a question, check out these tips before you “ask…
Our next presidential candidate to be featured in our series of interviews is Mike Huckabee, a Republican and former Governor of Arkansas. I posed the following six tax-related questions to the Governor: 1. What’s the single most important tax issue facing Americans today? 2. If you could only make one “quick fix” in terms of…
The Internal Revenue Service (IRS) has issued the 2018 optional standard mileage rates. They are effective beginning January 1, 2018 – even if some of them might not be applicable to taxpayers under the current tax reform proposals.
Earlier this week, the Ferraro Law Firm, a trial law firm based in Florida, submitted a tax whistleblower submission of more than $2 billion (yes, with a b) to the recently created IRS Whistleblower Office. The submission is the largest ever made to the IRS Whistleblower Office. The IRS Whistleblower Office is responsible for assessing…