The latest straight from the IRS — new rules, deadlines, guidance, and announcements explained in plain English.
Mark your calendars: the IRS will be holding another open house in offices across the country on Saturday, March 26, to help taxpayers. IRS Commissioner Doug Shulman says, about the open house: We are opening our doors on these Saturdays to help taxpayers who may not have a chance to seek assistance during the work…
First, my thoughts and prayers go out to those affected by the events in Japan. The stories and photos coming out of Japan are just heartbreaking. I know that many of you, like me, want to know what you can do to help out in what is being referred to as Japan’s ‘most difficult crisis’…
The IRS has announced that there is $1.1 billion (yes, with a b) waiting for nearly 1.1 million people who did not file a federal income tax return for 2007. The last day to file and receive a refund for 2007 is April 18, 2011 – otherwise, that money goes back to the U.S. Treasury….
I’ve received a couple of emails asking me to verify a rumor that the IRS is expanding in 2012 due to the new health care law. So, here’s the truth: the IRS is expanding in 2012 due to the new health care law. The details of the expansion can be found in the IRS budget…
As expected, the IRS has announced a new amnesty program for taxpayers with previously undisclosed offshore accounts. But since amnesty is such an ugly word, the IRS is calling it “a special voluntary disclosure initiative” (it has the feel of an after school special, huh?). The official title, for what it’s worth, is the 2011…
My friend @CharlesThomas, a Pennsylvania defense attorney, once opined, when asked how to stay out of jail: Stop stealing sh*t. Apparently, not everyone follows that advice. For the past several years, inmates in federal prisons have been cheating taxpayers out of millions of dollars by claiming bogus tax refunds. Sen. Sherrod Brown (D-OH) puts the…
Tax season may have officially kicked off but many taxpayers still can’t file their returns. Since Congress waited until the end of the year to re-up some of the 2010 deductions, IRS had a little bit of work to do… On top of updating forms to conform with those deductions, IRS had to update new…
If you thought the steady stream of IRS announcements related to offshore accounts investigations happened to be a coincidence, imagine me shaking my head and clucking… This week, the IRS made noise about a new amnesty program targeting wealthy Americans and offshore accounts. I know what you’re thinking: Didn’t we just have one of those?…
The IRS has announced it will air a free webinar, “Starting Off Right (Part II): What New Non-501(c)(3) Organizations Need to Know” on February 24, 2011. The webinar will be broadcast at 2:00 pm (ET); 1:00 pm (CT); Noon (MT); and 11:00 am (PT). The webinar has been developed especially for: New 501(c)(4), (c)(5), (c)(6),…
I dunno about you but it *almost* feels like the IRS is catching on to this whole techno-trend. First, e-filing. Then YouTube and Twitter. Now, apps. Yep, the IRS has announced the availability of its first smartphone app, IRS2Go. Of course, you knew I’d have to try the app out (I’m the girl with the…