Individual Income Tax
Infrastructure to generate Unique transaction Number (UTN) still not in place
June 24, 2009
Jun 22, 2009 The problem, though, is that infrastructure to generate UTNs is still not in place, leaving income tax assessees in a lurch as July 31, 2009, the
Special Tax Break on New Car Purchases Available in States With No Sales Tax
June 11, 2009
WASHINGTON —The Internal Revenue Service and Treasury Department today announced that a tax break for the purchase of new motor vehicles is available in
International Tax Issues – IRS Commissioner Doug Shulman's Remarks to the OECD!
June 4, 2009
Prepared Remarks of IRS Commissioner Doug Shulman Before the Organization For Economic Co-Operation And Development Washington, DC, June 2,
Failed to file previous years Foreign Bank Account report (FBAR), IRS has an option!
June 2, 2009
IRS will Not Impose Penalties on Delinquent Foreign Bank Account ReportsMay 27, 2009 – The IRS is in the process of cracking down on offshore activities and,
The FBAR Form: The Government’s Big Hammer, good read!
May 14, 2009
Last time we discussed the new Voluntary Disclosure program rolled out by the Treasury beginning of April and expiring on September 22, 2009. The goal of
IRS, Partners Mark Super Saturday March 21 to Help Taxpayers
March 17, 2009
IR-2009-25, March 16, 2009 Audio Files for Podcasts: English SpanishWASHINGTON — The Internal Revenue Service and scores of its community partners will
How to Avoid an IRS Audit?
March 10, 2009
Taxes are high enough; you don’t want to also pay penalties and interest because an audit reveals you’ve broken the rules. And Internal Revenue Service
Unreimbursed Job Related Expenses (JRE) – Deductibility on tax return
March 5, 2009
A Tax payer can avail job related expenses as an itemized deduction in the tax return. All the expenses incurred should be towards business and must not be
Consequences of Filing an Incorrect Tax Return…
February 7, 2009
You must be familiar with the adage that “ignorance of the law is no excuse.” In the area of “tax fraud,” however, this cliché may not apply.
Child Tax Credit on your US Tax return?
January 12, 2009
The Child Tax Credit (CTC) is an important tax credit tax payers may claim on their federal tax returns. Claiming the CTC will lower the amount of taxes that