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Tax Lounge Blogs- Posts Tagged with Irs

Airline Tickets and Taxes: Answers to your questions

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: Tax Rants by David Rocci By: David Rocci on 8/25/2011 3:41:00 PM

Extra, Extra, Read All about the First Time Homebuyer’s Credit Extension

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 ...

Options for Taxpayers who Owe- IRS Has Expanded its “Offer-in-Compromise” Program

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...

Do Pack Rats Fair Well on Tax Audits?

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...

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