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 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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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 ...…
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 ...…
People are going to put off doing their taxes, nothing will make them file any sooner. However, if you are going to get a refund...…
While you were covered up with tax forms and e-file acknowledgements, you may have missed an interesting read or two...…
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...…
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...…
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...…
Every year, the IRS releases its “Dirty Dozen” list of fraudulent tax practices that refund filers should be aware of. While these offenses occur year-round, the IRS stated they tend to happen more frequently and in greater numbers during filing season...…
