Today, National Taxpayer Advocate Nina E. Olson released her 2013 annual report to Congress, urging IRS to take steps to increase trust in the agency, strengthen its ability to serve taxpayers and collect tax. What’s standing in the way? She had the answer to that, too.
Read MoreTag: tax
Do You Speak IRS? Tax Resources Available In Many Languages
Do you speak IRS? Figuring out tax forms is hard enough when English is your first language. But what if you’re not proficient? The Internal Revenue Service is making a number of resources available to taxpayers who speak other languages.
Read MoreFiling Your Taxes Early? IRS Will Not Process Returns Before Opening Day
Can you file your taxes now and get your refund early? No, according to IRS. Tax season is just around the corner… and not a day before.
Read MoreWhat You Need To Know About Taxes In 2014: Expired Tax Breaks, Obamacare Penalties, & More
Now that we’re into 2014, it’s worth taking a moment to consider what’s different this year from a tax perspective. Congress has made some changes for 2014 including adding a few new provisions and letting some existing tax breaks expire. So what’s different?
Read More13 Dramatic Year End Tax Strategies For 2013
The clock is ticking. You have a few hours yet to get in some last minute tax planning for 2013. Can any of these drastic year-end tax strategies work for you?
Read MoreGame Offers Tax Advice To Rappers: Write Off Strippers, Sneaks, And Medical Marijuana
Rapper The Game (or simply, Game), born Jayceon Terrell Taylor, has some tax advice for his fellow rappers. Only, he probably needs to stick to rapping. And I need to stick to tax advice. Trust me on both of these things.
Read More12 Days Of Charitable Giving 2013: To Love A Canine
It’s the twelfth and final day of our 12 Days of Charitable Giving. Our featured charity, To Love A Canine, is an organization that rescues dogs from kill shelters and works to put them in loving, forever homes.
Read More12 Days Of Charitable Giving 2013: Committee To Protect Journalists
It’s the eleventh day of our 12 Days of Charitable Giving. Our featured charity, Committee to Protect Journalists, is an independent, nonprofit organization that promotes press freedom worldwide.
Read MoreTax Break Ending For Underwater Homeowners: Is It The Right Time?
As the year draws to a close, so, too, are a number of tax provisions for individuals. One of the most talked about is the Mortgage Forgiveness Debt Relief Act, which is set to expire in a few days. The provision allows taxpayers to exclude forgiven or canceled debt from a short sale, foreclosure or other mortgage relief, from taxable income. Will Congress tack on another year or just let the Act expire?
Read More12 Days Of Charitable Giving 2013: Sepsis Alliance
It’s the tenth day of our 12 Days of Charitable Giving. Our featured charity, Sepsis Alliance, works to prevent sepsis – the leading cause of death in American. Remarkably, seven out of ten Americans have never even heard of sepsis.
Read More