Posts Tagged with: Irs

If the IRS decides to audit a taxpayer, the first thing that usually happens is an audit letter is received in the mail. Some taxpayers may feel that an audit is a personal attack from the IRS, when the reality is their selection could be as simple as a computer pulling their number.
Beginning in calendar year 2012, all Registered Tax Return Preparers (Individuals who have a PTIN) and RTRP candidates must obtain 15 hours of continuing education annually. The programs should include two hours of ethics, three hours of federal tax law updates, and ten hours of other federal tax law.
“A watched pot never boils,” preached my grandma as she launched into one of her favorite lectures. Pointing out that I was waiting in front of a humming microwave was futile.
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In order to avoid further delays during the 2012 tax season, the Internal Revenue Service plans to begin its furloughs after the April 15th filing deadline.
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So we all know someone who is a pack rat.  They have their first grade spelling test, newspapers from 15 years ago, and they have their last 15 years of tax returns.  While you don’t n...
I hear taxpayers say that they owe, and because of the economy they are not going to file this year.  Well, let me make it simple for you- just file!  If you fail to file, you will face a pe...
Once more, the government has extended the First Time Homebuyer's Credit.  What is important about this extension is that a taxpayer must have purchased the home before May 1, 2010- that portion ...
In July, the Federal Aviation Authority failed to extend the operating authority resulting in a temporary end to taxes being collected on airline tickets. On August 5th, Congress extended the FAA aut...