Month: January 2010
68% of S Corp Tax Returns Have Errors says Government Accountability Office (GAO)
The Government Accountability Office today released Tax Gap: Actions Needed to Address Noncompliance with S Corporation Tax Rules (GAO-10-195):
According to [...]
New Homebuyer Credit Form Released; Taxpayers Reminded to Attach Settlement Statement and Other Key Documents
WASHINGTON — The Internal Revenue Service today released the new form that eligible homebuyers need to claim the first-time homebuyer credit this tax season [...]
Fighting the IRS
Your chances of winning a fight with the IRS are about as great as your chances when fighting City Hall.
National Taxpayer Advocate Nina Olson, in her [...]
Unemployment Taxes Will Rise in 2010
Businesses hit hard by the recession during the past two years are in for the tax system's version of a follow-up sucker punch in 2010. In 35 states, the rate [...]
Taxpayer advocate to IRS: Don't lien too heavily
By Jeanne Sahadi, senior writer
January 7, 2010: 7:47 AM ET
NEW YORK (CNNMoney.com) -- The tax man has gotten a lot more aggressive in slapping [...]
IRS Proposes New Registration, Testing and Continuing Education Requirements for Tax Return Preparers Not Already Subject to Oversight
IR-2010-1, Jan. 4, 2010
WASHINGTON –– The Internal Revenue Service kicked off the 2010 tax filing season today by issuing the results of a landmark [...]