You already know that IRS is online and that they have a YouTube Channel… but now they’re tweeting, as well. You can follow the IRS on twitter at @IRSNews. And for the tax geeks among us, they even have a Tax Pros account @IRStaxpros.
As if Tom Brady and Curt Schilling aren’t enough, Massachusetts has given some taxpayers yet another reason to be thankful: Patriots Day. The holiday, which honors the battles of Lexington and Concord during the Revolutionary Way is observed on the third Monday in April. Yeah, April. So you know what that means… Tax Day! The traditional Tax Day is…
The Internal Revenue Service (IRS) has announced an extension of the deadline for its Offshore Voluntary Compliance Program. The deadline, which was initially September 23, 2009, has been pushed out until October 15, 2009. While more than 3,000 have come forward so far, the program is expected to garner considerably more taxpayers before the deadline….
What could you do with six billion hours? Think hard. That’s the equivalent of 8,758 lifetimes. Yes, lifetimes. It’s also how much time taxpayers spend every year trying to comply with tax-filing requirements. That, according to the 2012 annual report as prepared by the National Taxpayer Advocate Nina E. Olson. The report was delivered this…
Over the weekend, John Bell thought he’d go for a run. He ended up at the center of controversy over the government shutdown and what it means for taxpayers. How did that happen?
Every year about this time, I get emails asking, more or less, what happens when you lie on your tax return to get a refund. There are the obvious answers… penalties, interest and depending on the severity, possible criminal prosecution. But there’s a lesser known potential consequence: having your return flagged as part of the…
The Internal Revenue Service (IRS) has issued guidance for some taxpayers who took out federal or private student loans to finance attendance at a nonprofit or for-profit school. The guidance offers relief for students whose loans have been discharged by the Department of Education and who meet specific criteria. Typically, a discharge of indebtedness is…
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http://www.thoughts.com/joecd2009/tax-cuts-to-the-rich-right-or-wrong
Kindly,
Joe