Ladies and gentlemen, it is time to begin thinking about your plans regarding the impending Registered Tax Return Preparer exam.  As much as many of us unintentionally procrastinate, it is advisable to go ahead and begin preparing to take the test. Do not wait until the last minute. Here are a few facts about the […]

Here are eight important points about the two different penalties you may face if you file or pay late. If you do not file by the deadline, you might face a failure-to-file penalty. If you do not pay by the due date, you could face a failure-to-pay penalty. The failure-to-file penalty is generally more than […]

During the most recent Bush administration, individual income tax cuts passed which are now expected to expire at the end of this year. This year is an election year which means that politicians are waiting until after the election to decide whether or not the tax cuts will be extended. According to Accounting Today, most […]

Yet another company claiming to assist taxpayers with tax debt resolution files for Chapter 11 bankruptcy. From false claims of help to deceptive businesses practices, another national tax resolution company shows why it may best to go with a local tax professional. Many national tax resolution companies advertise negotiation help in resolving clients’ debt problems. […]

Two married resident aliens were convicted of willfully making, subscribing, and assisting in the preparation of a false tax return which caused the government a tax loss of over $10,000.  An immigration judge ordered the couple’s deportation. On February 21, 2012, the Supreme Court decided Kawashima v. Holder, holding that the offenses that make an […]