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My Tax Blog

  • 14th Anniversary of 9/11

    14 years after the terrible tragedy, we renew our promise to remember the victims and families of 9/11. The world lost two thousand, seven hundred and fifty-three people at the World Trade Center but it didn’t end there. Due to health problems stemming from the tragedy, the overall number of deaths caused by the the […]

    California Declares Uber Drivers ARE Employees

    If you haven’t heard of Uber by now, let me briefly explain. Uber is a car service cheaper than that of a regular taxi because Uber drivers user their own car and choose when they work. Think of a ride-share or carpool that you pay for,but you don’t pay as much as a taxi. Long […]

    Stopping Tax Offenders and Prosecuting (STOP) Identity Theft Bill of 2014

    Identity theft is a problem that affects millions of Americans and that nondescript number is growing exponentially. Years ago, there were fewer people filing fewer fraudulent returns, but now, with the ease of e-file and the lax security of some office’s document retention procedures, there are thousands of people who have built a type of […]

    IRS PTIN-Everything You Need to Know

    What does PTIN stand for? PTIN stands for Preparer Tax Identification Number. What is the cost of a PTIN? The IRS PTIN cost is $64.25 for the first year and $63 each afterword. (Sidebar: There are CPAs that have filed a class action lawsuit against the IRS PTIN fees. If you remember, it used to […]

    Obama Pleas for Economic Patriotism from Corporate Deserters

    President Obama has openly and vehemently criticized the new corporate strategy of lowering its tax burden. This new strategy is called inversion, and for those who aren’t well versed in tax code, it’s a process by which a corporation buys a foreign corporation in order to take that corporation’s tax home which, in turn, lowers […]

  • *EITC Update* The IRS Choses Identity Protection Over Speed

    Not only has the IRS announced that they will not be releasing a funding cycle, they will also only tell callers, requesting refund dates, that they should see their refund within 23 days. The IRS has been fighting with itself over maintaining it’s two main goals: Identity protection and the quick disbursement of refunds. Well, […]

    IRS Not Conducting Church Audits and Getting Sued

    The Freedom From Religion Foundation is suing the IRS for failing to enforce the ban on churches contributing to/intervening with political campaigns. Separation between Church and State? Not lately. The IRS says that the audits are on hold until finalizing rules that requires “high-level” official to approve the examinations.  The Freedom From Religion Foundation believes […]

    The IRS Ripped off Its Shirt to Reveal Green Flesh Atop Muscles Made of 1099-Ks

    Yes, it’s true. The IRS has recently become the green-fleshed Hulk of our governmental body.  This year the IRS has been on a roll changing things to improve the system, prevent fraud, smash identity theft, and, in the writer’s opinion, get it’s act together before facilitating the facilitation of the individual mandate come 2014.  Really, […]

    Important 2012 Form Changes on 8812, 8867 & 8863

    The IRS has recently made changes to various forms that are not related to the upcoming legislation. Several forms that relate to the Additional Child Tax Credit and Education Credits have been updated to include questions for verification of the claim for the credit.  The Education Credit Form 8863 now includes entries for the institution’s […]

    Important Update: Finalized ITIN Regulations

    Today, the IRS released updated procedures to strengthen the Individual Taxpayer Identification Number (ITIN) program. The IRS has decided to keep many of the rules that have been in place during the Interim Period relating to original documents and certified copies from issuing agencies. Taxpayers applying for themselves will need to include original documents or […]

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