Three Extension for Bostonians
The Internal Revenue Service today announced a three-month tax filing and payment extension to Boston area taxpayers and others affected by the April 15 explosions.…
Tax Changes for Wealthy
The proposal intends to reduce the deficit by nearly $2 trillion during the next decade, through a combination of new revenues and budget cuts. The president says his proposed budget is not his ideal plan to cut the deficit, but...…
Oregon Tax Preparers who Preyed on Immigrants are Shut Down...
Since 1973, the Board of Tax Practitioners has protected Oregon consumers by ensuring tax preparers and consultants are competent and ethical in their professional activities. The board licenses about 4,400 tax practitioners in the state.…
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Audits Drop, But Not For The Rich
US taxpayers were slightly less likely to face an audit last year, according to an analysis issued by the Transactional Records Access Clearing House (TRAC) at Syracuse University.…
Tax Returns Yield Fewer Mistakes
Analysis by the Internal Revenue Service indicates that the error rate for individual tax returns has been cut by more than half. Last year, the IRS identified ...…
Can the IRS Handle Online Filing Traffic?
When taxes fall due on April 15, there is a very real question about how well the Internal Revenue Services – and more to the point, its servers – will be able to handle the traffic.…
Reduce Stress Now
Tax professionals are no strangers to stress. Here are a few suggestions to help you deal with the stress of tax season.Don’t over-extend yourself. By now, you’ve undoubtedly noticed time doesn’t…
Tax Reform Circulated in US Senate
A list of proposed tax reform options was circulated to member of the US Senate Finance Committee and lobbyists this week. Most of the proposals contained in the nine-page draft were modest administrative changes, and included:…
8 Places Germs Love in Your Life
It’s fairly common knowledge that the main cause of illness is the dreaded germ. But avoiding germs completely is impossible...…
Don’t Get Caught Short on Short Sales
After the real estate crash, many taxpayers' mortgages exceeded the value of their properties, so they did a short sale or went through a foreclosure. Many of these taxpayers received...…
