IRS Releases a 3-Part Report to Fix Tax Exempt Applications
In Washington on June 24, 2013-Danny Werfel, Internal Revenue Service Principal Deputy Commissioner, releases a 3-part report describing the actions to fix issues that were discovered throughout the...
View ArticleIRS Closes, Again
Due to the current budget issues the IRS has, all IRS offices will be closed July 5, 2013. That includes all help lines and IRS offices. IRS employees will be furloughed with no pay to maintain budget...
View ArticleIRA Withdrawal; Taxed or Not Taxed?
Generally withdrawals from IRAs (individual retirement accounts) as well as other tax deffered retirement plans are in fact taxable by the federal government. You should also expect to pay state income...
View ArticleEnergy Efficient Appliances Equal Tax Credit
Did you know that you can receive a tax credit directly from the IRS for having energy efficient appliances? The tax credit applies to energy efficient dishwashers, clothes washers, and refrigerators...
View ArticlePayroll Companies Busted!
Most US employers subcontract payroll and associated tax responsibilities to intermediary payers such as payroll service suppliers. If the company that is being outsourced is trustworthy they can help...
View ArticleIRS Cancels Furlough Day
Finally some good news for IRS employees; The IRS will be cancelling the previously scheduled furlough day for July 22. The reason for the cancelled furlough day is because the continued effort to cut...
View ArticleBeware of Fake IRS Websites
With tax and identification fraud on the rise, the IRS issues warnings to be cautious of fictitious IRS websites. Apparently there are quite a number of website wannabes that are solely in place to...
View ArticleReal Housewives of Tax Evasion
Seems as though celebrities can’t keep themselves away from the spotlight even if it means being indicted on 39 counts of fraud and tax evasion. This morning in New Jersey, ‘Real Housewives of New...
View ArticleIRS Postpones Another Furlough Day
The originally scheduled furlough day for August 30 has now been postponed, according to IRS officials. The postponement is a direct result of the successful budget cuts that the IRS has implemented....
View ArticleIrs Announces New Deputy Commissioner for Services and Enforcement
Danny Werfel, IRS Acting Commissioner, announces that former IRS exec John M. Dalrymple is now the new Deputy Commissioner for Services and Enforcement. “This is a critical leadership position for the...
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