January 30, 2013
The “Gifting Table” case: Tax expert testifies in Connecticut trial
Mary Jo Walker said she was "intrigued" by her long-time friend's invitation to join a women's group that offered shoulders to lean on and a way to make $40,000.
January 30, 2013
Maryland bookkeeper guilty of $150K embezzlement, tax fraud
A Maryland bookkeeper was sentenced to more than a year in prison for embezzling from a client and not reporting income on her personal tax returns. The federal charges also included interstate transportation of stolen money.
January 30, 2013
IRS: If claiming education tax credit, wait until mid-February
Filing starts today, Jan. 30, 2013, but many taxpayers will have to wait a few weeks longer.
January 30, 2013
IRS adds Tumblr to its social media – already on Twitter, Facebook, others
Guess who's the "Mayor of Taxland?" Well, it isn't the Internal Revenue Service, because they aren't on FourSquare, but they are on most of the other popular social platforms.
January 28, 2013
IRS seeks back taxes from O.J. Simpson… so does California
O.J. Simpson may be in prison, but the IRS still has him in it's sights. The tax agency has filed a lien against his earnings claiming he has a debt of $17,015.99 for taxes owed in 2011. Without comment on the 99 cent part of the debt- how was O.J. liable for that tax debt…
Income Tax January 25, 2013
IRS Appeals Court Ruling: Professionals and Consumers Want Testing of Tax Preparers
From Jan. 2013 - This was the last thing this tax season needed: Uncertainty for tax professionals, other tax preparers and tax-paying Americans. AICPA, NSA, NAEA and other organizations want IRS testing program.
January 24, 2013
Less than one week left to file W-2s and 1099s
Greatland Extends Filing Hours to 8 p.m. January 31, Guarantees Deadline Compliance
January 24, 2013
IRS to offer relief from estimated tax penalty for farmers and fishermen
The Internal Revenue Service announced today that it will issue guidance in the near future to provide relief from the estimated tax penalty for farmers and fishermen unable to file and pay their 2012 taxes by the March 1 deadline due to the delayed start for filing tax returns.
January 23, 2013
National Society of Accountants (NSA) ‘disappointed’ by court case regarding RTRP and PTIN program
The executive vice president of the National Society of Accountants (NSA) has issued a statement regarding the recent court ruling in which a judge found that the IRS should not have regulatory power over tax preparers.
January 22, 2013
Payroll provider gets 15 years prison for employment tax fraud
A Winston-Salem, North Carolina, man was sentenced in federal court today to 15 years, five months in prison for employment tax fraud.
January 22, 2013
Minnesota to unveil state tax overhaul on Tuesday
Minnesota Revenue Commissioner Myron Frans and his boss, Gov. Mark Dayton will unveil their plan for overhauling the state’s tax system on Tuesday, Jan. 22. It is expected to include tax increases to help eliminate the $1.1 billion shortfall and add funds to education and other programs the governor deems essential. While Frans wouldn’t reveal...…
January 16, 2013
IRS: For TY 2013, a new option for claiming home office deduction
The IRS has announced a simplified option that many owners of home-based businesses and some home-based workers may use to figure their deductions for the business use of their homes.