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 ( -- 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 [...]