Tax News

IRS Using More Automation For Taxpayers

The IRS is working on switching over to more automated tax payer services intended to reduce the cost of manpower…

12 years ago

IRS May Fine 122,133 Paid Tax Preparers $345 Million in Penalties

Last tax season marked an increasing level of noncompliance by tax preparers with the Internal Revenue Service’s due diligence reporting…

12 years ago

2014 Tax Season Opens on January 31st

According to IR-2013-100, the IRS plans to open the 2014 filing season on January 31. The IRS cautioned that it…

12 years ago

New IRS Commissioner Koskinen Approved

John Koskinen, a 74-year-old multimillionaire with a resume full of accomplishments, will be the new Commissioner of the IRS. The…

12 years ago

Tax Prep Fees on The Rise

According to Accounting Today, average fees for tax prep are rising. While it certainly does depend on which forms you…

12 years ago

IRS Commissioner Nominee Vows to Rehabilitate Tax Agency

John Koskinen, President Barack Obama’s nominee to run the U.S. Internal Revenue Service, said at a Senate panel’s confirmation hearing…

12 years ago

IRS Launches 2012 EITC Audits for Preparers

The IRS is starting this year's Earned Income Tax Credit due diligence compliance audits of return preparers. To select preparers…

12 years ago

Important- New Federal Tax Forms for Tax Year 2013

This coming tax year will be host to some new tax forms that will probably be around for the long…

12 years ago

Say “Goodbye” to These Common Tax Deductions

Tax planning help may be needed for taxpayers who, through a combination of tax credits, usually receive a tax refund…

12 years ago

4th Largest Tax Prep Chain in US Shut Down by Federal Gov.

Instant Tax Service has had their doors closed by US district court Judge Timothy Black.  Instant Tax was said to…

12 years ago

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