Follies
Now that it is all over but the paying and the weeping, it may be appropriate to consider how truly absurd the tax laws in the United States have become...…
Audit Risk
A new study by the National Taxpayer Advocate used confidential IRS data to show large clusters of potential tax cheats in these five metropolitan areas. The IRS uses the information to target taxpayers for audits....…
Tax-Exempt Organizations Must File By May 15
Tax-Exempt Organizations Must File with IRS By May 15A key deadline of May 15 is facing many tax-exempt organizations that are required by law to file annual reports with the Internal Revenue Service.…
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Injunction May Close Chain Mo' Money Taxes
Last year, hundreds of Mo' Money clients in several states alleged bounced checks, excessive fees and the failure of the business to pass along IRS refunds...…
Local Tax Preparer Online
Though national tax-preparation companies have been promoting their services for weeks or months, local tax preparers have not. According to their research, generally local tax preparer's websites lack ...…
Interim Results for 2013
The IRS faced several time constraints this year. Tax professionals and taxpayers everywhere were anxious to process returns, and the effects of the delay were felt by everyone when tax season did not start on time. The major reason for the deferral was ...…
Sequester
Sequester May Hurt IRS Collection EffortsThe head of the Internal Revenue Service is warning that the government-wide spending cuts that took effect last month could hurt federal tax collections.IRS…
IRS Form 1040 Turns 100
Among the notable birthdays that occurred over this tax season is the IRS Form 1040, introduced in 1913 following the ratification of the 16th Amendment. That amendment gave the government the power to...…
Tax Preparer Legislation Filed
Richmond’s Taxpayer Protection and Preparer Fraud Prevention Act of 2013 would give the Internal Revenue Service more oversight to certify paid tax preparers and ensure they are “competent, of good character and able to render services.” The legislation also would allow the IRS to...…
Reason to Celebrate
Once again, tax season has come and gone. We’re breathing a little easier, sleeping a little longer, and smiling a little more. We’ve conquered the beast and now, it’s time to celebrate...…
