IRS
Are Legal Expenses Deductible? Tax Court Says, “It Depends”
In the new case, a Seattle bank paid the taxpayer, its president and CEO, a bonus of $612,000. Subsequently, she reported the bonus as taxable income on her 2010 return. A few months after the bonus was paid, the bank terminated the taxpayer’s ...
2017 Income Tax Refund Schedule
The IRS will begin processing tax returns on January 24, 2017, for taxes paid/owed in 2016. In general, the IRS says that returns with refunds are processed and payments issued within 21 days. For paper filers, this can take much longer, however.
How To Get Your Income Tax Refund Faster
Want to get your tax refund as fast as possible? Of course you do. So, before you get ready to file, make you have all the documents you will need, such as W-2s and 1099s. And take a few simple steps to avoid tax refund delays.
Chart Shows When To Expect Income Tax Refunds in 2017
2017 IRS tax refund schedule. Where's your income tax refund? When will the IRS send you your tax refund either by mail or by direct deposit? We've got the answer.
Democrats Push Harder to Get Trump’s Tax Information
With about two months left before the presidential election, Republican nominee Donald Trump still hasn’t made his tax returns available to the general public. And it doesn’t look like the billionaire is going to do it anytime soon or even before voters g
IRS Changes ITIN Program
If taxpayers have an expired ITIN and don’t renew before filing a tax return next year, they could face a refund delay and may be ineligible for certain tax credits, such as the Child Tax Credit and the American Opportunity Tax Credit, until the ITIN is r
2016 Fringe Benefits Tax Series #15: Tax-Free Commuting Expenses
For employees who live a fair distance from work, commuting can be costly and time-consuming, not to mention a hassle. At least employers may provide some relief by offering certain tax-free transportation benefits. The three main benefits are ...
IRS Warns of New Phone Scam Involving iTunes Gift Cards
The Internal Revenue Service is warning taxpayers to stay vigilant against an increase of IRS impersonation scams in the form of automated calls and new tactics from scammers demanding tax payments on iTunes and other gift cards.