IRS
IRS seeks back taxes from O.J. Simpson… so does California
O.J. Simpson may be in prison, but the IRS still has him in it's sights. The tax agency has filed a lien against his earnings claiming he has a debt of $17,015.99 for taxes owed in 2011. Without comment on the 99 cent part of the debt- how was O.J. liable for that tax debt in 2011, since he's been in jail since 2007?
IRS appeals court ruling: Professionals and consumers agree with testing of tax preparers
This was the last thing this tax season needed: Uncertainty for tax professionals, other tax preparers and tax-paying Americans. AICPA, NSA, NAEA and other organizations want IRS testing program.
Less than one week left to file W-2s and 1099s
Greatland Extends Filing Hours to 8 p.m. January 31, Guarantees Deadline Compliance
IRS to offer relief from estimated tax penalty for farmers and fishermen
The Internal Revenue Service announced today that it will issue guidance in the near future to provide relief from the estimated tax penalty for farmers and fishermen unable to file and pay their 2012 taxes by the March 1 deadline due to the delayed start for filing tax returns.
National Society of Accountants (NSA) ‘disappointed’ by court case regarding RTRP and PTIN program
The executive vice president of the National Society of Accountants (NSA) has issued a statement regarding the recent court ruling in which a judge found that the IRS should not have regulatory power over tax preparers.
Payroll provider gets 15 years prison for employment tax fraud
A Winston-Salem, North Carolina, man was sentenced in federal court today to 15 years, five months in prison for employment tax fraud.
Minnesota to unveil state tax overhaul on Tuesday
Minnesota Revenue Commissioner Myron Frans and his boss, Gov. Mark Dayton will unveil their plan for overhauling the state’s tax system on Tuesday, Jan. 22. It is expected to include tax increases to help eliminate the $1.1 billion shortfall and add funds to education and other programs the governor deems essential. While Frans wouldn’t reveal […]
IRS: For TY 2013, a new option for claiming home office deduction
The IRS has announced a simplified option that many owners of home-based businesses and some home-based workers may use to figure their deductions for the business use of their homes.