Tax Talk

IRS is reporting that 30% of your EITC clients could face a 75-day review process. This could be a result of the 38% increase in EITC fraud reported in 2010 by TIGTA. Taxpayers affected by this new screening process will receive the IRS Letter 4883C by mail, and they will be asked to respond by […]

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 […]

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, […]

Ladies and Gents, don’t miss the webinar. We’ll be going over marketing programs, tools, and implementation. Preseason Tax Office Marketing Join us for a Webinar on December 7 Space is limited. Reserve your Webinar seat now at: https://www1.gotomeeting.com/register/522555208 This webinar will be covering marketing your tax business for this coming tax season.  We will discuss what […]

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 […]