The Internal Revenue Service (IRS) Commissioner Doug Shulman has announced officially his plans to step down the end of this term. Mr. Shulman is the 47th commissioner to serve and he has been in office since March 24th, 2008 and plans to step down on November 9th, 2012. George W. Bush appointed Shulman to office…. Continue reading →
Tax Help and Your Relationship Status
Do you want to make more money and save for retirement? According to Business Insider, it seems it pays more to be more married than single. The report states that the percentage of Americans that are single has doubled since the 1960s. Meanwhile, it also seems that these individuals are paying more money for their… Continue reading →
Help – Facts to File and Pay Back Taxes
Do you owe previous years taxes? Here are some simple facts for filing back taxes. Each year most people file their individual tax returns or pay all their back taxes by April 15th. First of all, if you have not filed your return(s) you will have additional interest and penalties to pay. However, if you… Continue reading →
New Healthcare Changes for Small Businesses – IRS
The Supreme Court recently settled a divided debate when it ruled that the Patient Protection and Affordable Care Act (PPACA) individual mandate is constitutional and that the “shared responsibility payment” is a tax. How will this affect you? History Beginning in 2014, the PPACA will require individuals to carry a minimum healthcare coverage for themselves… Continue reading →
IRS Audit Focus for 2013
The IRS constantly researches areas it needs to analyze and focus on each year. We are coming up to the start of the government’s fiscal year on October 1st, and the government has already announced areas that it will focus on for the coming year. When it comes to compliance, the IRS has begun to… Continue reading →
IRS Taxpayer Advocate Service Changes Case Acceptance Criteria
The Taxpayer Advocate Service (TAS) is altering the measures it uses to accept cases from taxpayers that are having difficulty dealing with the Internal Revenue Service to lighten its caseload. The TSA has restricted its case admission criteria as budget cutbacks are taking a toll on the IRS. The IRS sent a recent email to… Continue reading →
