IRS
Small Businesses and the Affordable Care Act, ObamaCare
The National Association of Enrolled Agents has issued the following statement on how the Affordable Care Act, aka ObamaCare, will affect small businesses:
Tax ID Theft: More than half of consumers believe the IRS is responsible
Survey shows Americans blame IRS for tax ID theft, instead of themselves for lax precautions.
Tax professionals offer tips to avoid IRS audits
During the past decade, the IRS has gotten more business-like about the taxpayers they select to audit. Like all smart businesses, the IRS wants to turn a profit these days. Currently, tax returns are selected for audit based on the chance that the IRS will find enough errors or missing income to generate additional taxes – and perhaps penalty and interest.
Survey says 65.6% of Texans plan to pay down debt with their tax refunds
According to a survey by the Texas Credit Union League (League), 65.6 percent of Texans who participated in a recent League survey said they plan to use their tax refund to pay off debt. Similarly, 45.9 percent of Texans plan to use their refund to jump start their savings.
Newlyweds arrested for suspected tax fraud, ID theft
Two days after their house was searched, Jermell Cornelius Hickman married his girlfriend, Ebonie Hampton.
Former IRS agent pleads guilty to theft of funds
A Kansas woman formerly employed by the Internal Revenue Service faces up to 10 years in federal prison and fines after admitting she stole thousands in public funds, a federal prosecutor said Thursday.
Switzerland helping IRS find U.S. tax evaders
The U.S. and Switzerland have signed a pact to crack down on tax evaders by making Swiss banks reveal more information about offshore accounts held by Americans, the Treasury Department said Thursday.
$3B budget surplus for January
The United States posted a $3B federal budget surplus for the month of January, marking the first surplus in about five years.