Tax Lounge Blogs- 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.
Posted To: Tax Ranger By: Tax Ranger on Wednesday, July 02, 2014
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.
Posted To: Tax Mommys Blog By: Stephanie Brenneman on Tuesday, March 05, 2013
“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.
Posted To: Tax Mommys Blog By: Stephanie Brenneman on Tuesday, February 19, 2013
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.
Posted To: Tax Mommys Blog By: Stephanie Brenneman on Tuesday, August 14, 2012
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...
Posted To: David Rocci Tax Rants By: David Rocci on Thursday, August 25, 2011
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 ...
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...
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...