The Internal Revenue Service (IRS) has issued an update about what taxpayers and tax professionals need to know about cases that might be pending in the United States Tax Court. As I reported earlier, the United States Tax Court shut down its operations as of Friday, December 28, 2018, at 11:59 p.m. and announced that it…
Less than a week before tax season is slated to open for the new filing season, Internal Revenue Service (IRS) doors remain largely closed. However, as part of the IRS Shutdown Contingency Plan, 46,052 employees have been designated as “excepted/exempt,” sending tens of thousands of IRS employees back to work without pay. However, some are fighting back by…
He originally vowed to fight tax charges against him, but Cristiano Ronaldo is now expected to plead guilty to tax fraud. In 2017, the soccer superstar was accused of failing to pay 14.7 million euros ($16.5 million US) in taxes. He was alleged to have avoided paying taxes by funneling income related to image rights, meaning his…
As a country, we’ve grown used to the idea that our leaders could be investigated by authorities for allegations ranging from perjury to collusion. Politicians on both sides of the aisle are quick to throw out the words “witch hunt” to describe and discount the idea that they might have been engaged in wrong-doing. Witch…
Despite the government shutdown, taxpayers are gearing up for tax season. The Internal Revenue Service (IRS) will begin accepting paper and electronic tax returns on January 28, 2019. That means that many tax forms used to prepare returns are already either in the hands of taxpayers or in the mail. Here’s what you need to know…
Last year, the General Accounting Office (GAO) warned that millions of taxpayers could owe more in taxes come tax time. Without proper planning (and a withholding checkup), those taxpayers could be surprised to find out that they not only owe taxes, but also underpayment penalties. To ease the burden on taxpayers, the Internal Revenue Service (IRS) has advised…
As the shutdown rolls on, taxpayers have been left wondering: What does it mean for tax season? Earlier this month, the Internal Revenue Service (IRS) announced that tax season would open on time (January 28, 2019) and, in a departure from previous years, that tax refunds would be issued during the shutdown. Over the weekend, the IRS announced that…
Despite the government shutdown, the Internal Revenue Service (IRS) is gearing up for the 2019 tax filing season. With about two weeks left to go before the official start date, the IRS has announced that IRS Free File, a free online software program available through IRS.gov, is now open for business. With FreeFile, taxpayers with income below…
Looking for tax information on the go? You can check your refund status, make a payment, and find free tax preparation assistance with IRS2Go, the official mobile app of the Internal Revenue Service (IRS). Here’s more about what you can do: You can check your tax refund status. You’ll need your Social Security number, filing status and the…
As I reported earlier, the United States Tax Court has shut down operations as of Friday, December 28, 2018, at 11:59 p.m. and will remain closed until further notice. The closures are due to the partial government shutdown. Trial sessions which were scheduled for the weeks of January 7 and 14, 2019, were not affected…