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After opening e-file for business last week, today IRS has successfully opened e-file system—which is free for individual. The IRS, since 2003, has actually offered ‘low-to-moderate...
Have you known that IRS has just issued notice on the 2012 standard mileage rates? Incase that you haven’t noticed just yet, here is the summary...
Cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for Tax Year 2012 has just been announced by the IRS on...
New income tax rate table for 2012 (inflation adjustment) has been released by the IRS on Thursday (October 20, 2011) and it’s effective in the beginning...
It’s easy to get lost in all the information about retirement plan options allowed by the law. The Employee Plans (EP) Office of the Internal Revenue...
“What advice do you give about dealing with the IRS?“ TIME asked Richard Yancey who has seen the all-powerful IRS from the inside out, spending 12...
It’s useful to understand how tax returns are selected for audit by the IRS. Many possibilities of reasons why business [one] get audited by the IRS,...
“If you can not pay,” goes the old saw, “you can owe”. That’s certainly the way the IRS looks at things. Every year, the IRS receives...
On a list of real-life nightmares, most people would rank “tax audits” right up there with having a tooth pulled. The primary trauma of a tax audit...