January 28, 2013
O.J. Simpson may be in prison, but the IRS still has him in it's sights. The tax agency has filed a lien against his earnings claiming he has a debt of $17,015.99 for taxes owed in 2011. Without comment on the 99 cent part of the debt- how was O.J. liable for that tax debt…
January 25, 2013
This was the last thing this tax season needed: Uncertainty for tax professionals, other tax preparers and tax-paying Americans. AICPA, NSA, NAEA and other organizations want IRS testing program.
January 24, 2013
Greatland Extends Filing Hours to 8 p.m. January 31, Guarantees Deadline Compliance
January 24, 2013
The Internal Revenue Service announced today that it will issue guidance in the near future to provide relief from the estimated tax penalty for farmers and fishermen unable to file and pay their 2012 taxes by the March 1 deadline due to the delayed start for filing tax returns.
January 23, 2013
The executive vice president of the National Society of Accountants (NSA) has issued a statement regarding the recent court ruling in which a judge found that the IRS should not have regulatory power over tax preparers.
January 22, 2013
A Winston-Salem, North Carolina, man was sentenced in federal court today to 15 years, five months in prison for employment tax fraud.
January 22, 2013
Minnesota Revenue Commissioner Myron Frans and his boss, Gov. Mark Dayton will unveil their plan for overhauling the state’s tax system on Tuesday, Jan. 22. It is expected to include tax increases to help eliminate the $1.1 billion shortfall and add funds to education and other programs the governor deems essential. While Frans wouldn’t reveal...…
January 16, 2013
The IRS has announced a simplified option that many owners of home-based businesses and some home-based workers may use to figure their deductions for the business use of their homes.
January 16, 2013
Jan. 14–ST. LOUIS — A man confined to a St. Louis halfway house on a federal crack cocaine charge helped a Florida woman cash out the proceeds from her $1.4 million tax scam, officials said Monday. Federal prosecutors on Monday charged Jason Bibbs, 27, with conspiracy to commit false claims. In the affidavit accompanying the...…
January 15, 2013
The IRS has released the 2013 federal income tax tables, which include annual inflation adjustments.
January 15, 2013
A Massachusetts man was convicted today of defrauding the Internal Revenue Service out of nearly $2 million by lying on corporate tax forms about how many workers he employed, according to the U.S. Attorney's Office.
January 14, 2013
A husband and wife from Brooklyn, Conn., have been charged by federal prosecutors with conspiracy to defraud the Internal Revenue Service and four counts of tax evasion.