The IRS has announced that as of May 21, 2012, it will issue only one employer identification number (EIN) per responsible party each day. The limitation applies to all requests online, by phone, fax, or mail. No idea what this is about, folks, but I have to think it’s related to some kind of effort…
On the first season of CBS’ Survivor, Richard Hatch was quickly painted as the villain. He was, to many viewers, too cocky and too focused on winning. Despite his less than favorable reputation, Hatch went on to become the first ever Survivor winner. More than ten years later, Hatch has found out what it means…
And here I thought, in an election year, that nothing would get done. In the blink of an eye, the Senate has managed to pass a bill that does practically everything. The bill, which has the descriptive title, “Moving Ahead for Progress in the 21st Century Act” or “MAP-21” is called, in shorthand, the “Highway…
You’d think that the day after Tax Day would be quiet – but it’s not. You see, once tax time has come and gone, taxpayers are not completely off the hook. You’ll want to keep records and documentation on hand in the event that the IRS comes calling. Here are some tips to help you…
Tax Day is almost over. While that means that most taxpayers are sitting back and enjoying the day, many may be scrambling to remedy last-minute problems. Here are some common mistakes and how to fix them. 1. I can’t find my tax information. You’re not alone. Every year, taxpayers put their tax information in a…
I expect long lines at the post office tomorrow (even though tax returns aren’t due until Tuesday, April 17). Statistically, nearly a quarter of all returns are filed in the last week of tax season. And while a number of those returns will be e-filed, some of them will be popped in the post by…
With the minutes ticking away until Tax Day, my inbox is rapidly filling up with questions about where to find free tax help. So first, an obligatory stern talking to in my mom voice: free is not always good and it’s not always better. Sometimes free is just free. That said, I understand that it…
Do you have what it takes to run the IRS? You may be in luck. Doug Shulman, the current Commissioner of the IRS, announced during a Q and A at the National Press Club that he would not continue to serve past his five-year term which ends in November. While no IRS Commissioner has served…
I’ll be the first to admit that the Tax Code is filled with crazy acronyms – like FBAR, EITC, and AGI – and convoluted titles (my current favorite is “IRS Facilitated Self-Assistance”). In fact, the Tax Code and the IRS tend to be painfully over descriptive when naming credits, deductions, and the like. What you…
We’re down to the wire! Tax season is nearly over for the 2011 tax year: just 15 days remain until Tax Day (remember that you have until April 17, 2012, to file your 2011 individual federal income tax return). If you haven’t yet filed, here’s your chance to get caught up on what was new…