My Tax Blog

  • IRS Under Fire for Line Dancing and Loads of Misc. Expenses

    Can the IRS’s situation become more sadly laughable? At this point, I’m beginning to think not.  Released this weekend was a video of a line dancing instructor teaching some IRS employees to dance. Apparently the IRS has spent somewhere near $50 million to hold at least 220 conferences for employees between 2010 and 2012.  A […]

    Federal Direct Corporate Office Closed for Memorial Day

    Federal Direct would like to wish everyone a safe and happy Memorial Day weekend.  Our offices will be closed Monday, May 27th in observance of Memorial Day.  We will resume normal (off season) business hours of 9am to 5pm Eastern on Tuesday May 28th.

    PTIN Certificate Email is Unofficial- Don’t Det Duped!

    Third party for-profit organizations have obtained the PTIN list under the Freedom of Information Act (FOIA) and created an online directory of tax professionals. Be aware that the information these services received includes names, addresses and phone numbers, but not actual PTINs. We want to warn you not to provide these websites with your PTIN, […]

    EITC Fraud Continues to Vex IRS

    It is estimated that the IRS erroneously paid out 11 to 13 BILLION dollars in EITC.  The IRS thought forcing preparers to send in the 8867 Due Diligence worksheets would put “a dent” in the fraud. The number of fraudulent/erroneous EITC payments has gone down 2-3 billion compared to last year’s numbers. Have your own […]

    Have a Great Idea? Tax Reform Committee Wants Your Opinion & Ideas!

    It’s here. You can stop waiting now. The age where the online socio-political arena is just as important (and way more volatile) as real life has finally come. Of course, there are benefits and drawbacks. Everyone knows the internet makes it easier for a person to say what he or she really thinks which leads […]

  • IRS Newswire: Tax Scam Abusing College Tax Credit

    The IRS has released a warning to the public in regards to tax schemes that promise higher refunds to those with low income.  The IRS would like to specifically warn the elderly, church members, and working families.  Under this scheme, the promoter claims to be able to obtain a tax refund or “non existent stimulus […]

    No More Recapture Reminders for 2008 First Time Homebuyers

    The IRS will no longer send out reminders to First Time Home-buyers who purchased a home in 2008.  The credit in 2008 was essentially an interest free loan from Uncle Sam.  Most people pay back the loan in 15 years (15 installments of $500 through his/her tax return).  Undoubtedly and obviously, the IRS will still […]

    IRS Alert: Audit Compliance Initiative Projects for March 2012

    The IRS regularly conducts national, regional and local compliance initiative projects (CIPs) to study perceived areas of noncompliance. The IRS uses the data from these projects to develop more comprehensive projects and allocate its audit resources in the areas showing significant noncompliance. Projects to be conducted through March regard Schedule C filers, taxpayers taking duplicate […]

    1 Billion in Outstanding 2008 Tax Refunds!

    Be sure to inform your clients that they have until April 17th this year to file for 2008 tax refunds credits.  The IRS estimates that there is over 1 billion dollars in unclaimed refunds still waiting for returns to be filed.  Many people feel that they do not need to file tax returns due to […]

    File with Paystubs…Substitute W2s Now Accepted!

    Many offices have clients who have been struggling to get official W2s from their employers.  Now that we have hit February 14th the IRS will accept these returns with a substitute W2 form attached (form 4852).  This will allow you to e-file the tax return as long as you have the employers EIN, which can […]

  • IRS Under Fire for Line Dancing and Loads of Misc. Expenses

    Can the IRS’s situation become more sadly laughable? At this point, I’m beginning to think not.  Released this weekend was a video of a line dancing instructor teaching some IRS employees to dance. Apparently the IRS has spent somewhere near $50 million to hold at least 220 conferences for employees between 2010 and 2012.  A […]

    Federal Direct Corporate Office Closed for Memorial Day

    Federal Direct would like to wish everyone a safe and happy Memorial Day weekend.  Our offices will be closed Monday, May 27th in observance of Memorial Day.  We will resume normal (off season) business hours of 9am to 5pm Eastern on Tuesday May 28th.

    PTIN Certificate Email is Unofficial- Don’t Det Duped!

    Third party for-profit organizations have obtained the PTIN list under the Freedom of Information Act (FOIA) and created an online directory of tax professionals. Be aware that the information these services received includes names, addresses and phone numbers, but not actual PTINs. We want to warn you not to provide these websites with your PTIN, […]

    EITC Fraud Continues to Vex IRS

    It is estimated that the IRS erroneously paid out 11 to 13 BILLION dollars in EITC.  The IRS thought forcing preparers to send in the 8867 Due Diligence worksheets would put “a dent” in the fraud. The number of fraudulent/erroneous EITC payments has gone down 2-3 billion compared to last year’s numbers. Have your own […]

    Have a Great Idea? Tax Reform Committee Wants Your Opinion & Ideas!

    It’s here. You can stop waiting now. The age where the online socio-political arena is just as important (and way more volatile) as real life has finally come. Of course, there are benefits and drawbacks. Everyone knows the internet makes it easier for a person to say what he or she really thinks which leads […]


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