Archive for the ‘ Tax Tips ’ Category

2011 IRS Nationwide Tax Forums – 6 City Tour

This year’s IRS Tax Forum has been announced.  There are six cities from which you can pick to attend. Forum Locations and Dates Atlanta, GA – June 28-30 Orlando, FL – July 12-14 Dallas, TX – July 26 – July 28 San Jose, CA – August 9-11 Las Vegas, NV – August 16-18 National Harbor, Related posts:

  1. EITC – Don’t Overlook It – IRS Tax Tip 2011-20, January 28, 2011 As reported on : http://www.irs.gov/newsroom/article/0,,id=106429,00.html  IRS Tax Tip 2011-20, January...
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Eight Facts on Penalties For Filing Late Tax Returns – Tax Year 2010

Eight Facts on Penalties For Filing Late Tax Returns – Tax Year 2010 When it comes to filing a tax return – or not filing one – the IRS can assess a penalty if you fail to file, fail to pay or both. Here are eight important points the IRS wants you to know about the Related posts:

  1. 2010 Year End Tax Planning – Businesses If you are like most businesses, your year end is...
  2. 2010 Year End Tax Planning – Individuals September and October is the perfect time to begin tax...
  3. If I have off-shore money, can the IRS take all of my money? August 28, 2009 – If I have off-shore money, can...
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Request for Public Comment on Plan for Retrospective Analysis of Significant Regulations

The EEOC is beginning a new, periodic retrospective review of its existing significant regulations to determine whether any such regulations should be modified, streamlined, expanded, or repealed, to make the EEOC’s regulatory program more effective and/or less burdensome in achieving its regulatory objectives. The EEOC is acting pursuant to Executive Order 13563, which applies across Related posts:

  1. U.S. Equal Employment Opportunity Commission (EEOC) – to Meet Tuesday on Employment of People with Mental Disabilities PRESS RELEASE 3-10-11 http://www.eeoc.gov/eeoc/newsroom/release/3-10-11.cfm WASHINGTON – The U.S. Equal Employment...
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Revenues Sink 2% at Top 100 Firms

(The Accounting Today Top 100 Firms, 2011 edition) So, when’s the rebound? The revenue decline is the second in a row for the profession’s largest firms, prompting Accounting Today managing editor Daniel Hood to liken the conditions to a “deep freeze.” Although the top-line shrinkage is slowing, firms continue to cut back partners and staff. Related posts:

  1. Enron Whistleblower Scores $1.1M Reward from IRS Accounting Today Magazine Online, Washington, D.C. (March 15, 2011);  Written By:...
  2. Seven Tips About Rental Income and Expenses IRS Tax Tip 2011-45, March 4, 2011 Do you rent...
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Seven Tips About Rental Income and Expenses

IRS Tax Tip 2011-45, March 4, 2011 Do you rent property to others? If so, you’ll want to read the following seven tips from the IRS about rental income and expenses. You generally must include in your gross income all amounts you receive as rent. Rental income is any payment you receive for the use Related posts:

  1. New 1099 Reporting in 2011 for Rental Property Starting January 1, 2011, if you get a 1099 for...
  2. Rebel Without a Cause: Prisoner denied Earned Income Credit The following is an article in the March edition of the Nat’l Association...
  3. EITC – Don’t Overlook It – IRS Tax Tip 2011-20, January 28, 2011 As reported on : http://www.irs.gov/newsroom/article/0,,id=106429,00.html  IRS Tax Tip 2011-20, January...
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Enron Whistleblower Scores $1.1M Reward from IRS

Accounting Today Magazine Online, Washington, D.C. (March 15, 2011);  Written By: Michael Cohn The Internal Revenue Service has paid a $1.1 million reward to an anonymous whistleblower for information that exposed an alleged tax fraud scheme by Enron, Bankers Trust and others before the company collapsed. It is one of the few whistleblower rewards the new No related posts.[ READ MORE ]

More Households Move into Higher Tax Brackets

As first read on Accounting Today Magazine, Online Ed. New York (March 14, 2011), Written By Michael Cohn With the tax benefits of the 2009 stimulus ebbing, the tax burden is pushing slowly higher and is now at its highest level in two years, according to Deloitte. As the economy improves, more households are pushed Related posts:

  1. Accountants Can Promote Taxpayer Savings Through Savings Bonds Originally posted on the Intuit ProAdvisor Newsletter - February 23rd 2011,...
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Accountants Can Promote Taxpayer Savings Through Savings Bonds

Originally posted on the Intuit ProAdvisor Newsletter - February 23rd 2011, by Intuit Staff An exciting new savings opportunity is launching for the 2010 tax season. Now, through Lacerte®, ProSeries® and ProLine® Tax Online, all taxpayers can use a portion of their tax refund to buy U.S. Series I Savings Bonds. There are a lot of great No related posts.[ READ MORE ]

Rebel Without a Cause: Prisoner denied Earned Income Credit

The following is an article in the March edition of the Nat’l Association of Tax Professionals, TAXPRO Monthly: Albert Lawrence Bomer represented himself in a strange case he brought to Tax Court involving the IRS’s disallowance of his claim for the Earned Income Credit, and the imposition of an accuracy-related penalty on his 2007 self-prepared federal income tax Related posts:

  1. EITC – Don’t Overlook It – IRS Tax Tip 2011-20, January 28, 2011 As reported on : http://www.irs.gov/newsroom/article/0,,id=106429,00.html  IRS Tax Tip 2011-20, January...
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EITC – Don’t Overlook It – IRS Tax Tip 2011-20, January 28, 2011

As reported on : http://www.irs.gov/newsroom/article/0,,id=106429,00.html  IRS Tax Tip 2011-20, January 28, 2011 The Earned Income Tax Credit is a financial boost for workers earning $48,362 or less a year. Four of five eligible taxpayers filed for and received their EITC last year. The IRS wants you to get what you earned also, if you are Related posts:

  1. First-Time Homebuyer Credit – 2009 – Extended and Enhanced First-time homebuyer credit is a huge benefit in 2009 compared...
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