2 minutes read
With the failure of congress to pass a budget, 800,000 thousand workers face furloughs and a million more are working without pay. The IRS is one of the agencies that will be closed with walk-in IRS centers shuttered and IRS Call centers closed:
5 minutes read
We’ve all been out to a restaurant and received a bill where gratuity–usually around 18%–was included in the bill. This routinely occurs when larger groups dine together. However, this practice may be going extinct as a change in the tax rules starting January 1st, 2014 will view automatic gratuities as a “service charge”, which opens them up to be taxed as wages.
3 minutes read
In a landmark ruling announced by the Obama administration, married same-sex couples shall be treated as any other legally married couple–at least in the eyes the Internal Revenue Service for tax purposes. This announcement follows and is consistent with the recent Supreme Court ruling which struck down the constitutionality of The Defense of Marriage Act (DOMA) which only recognized “marriage” between that of a man and a woman.
7 minutes read
By Benjamin K. Brenner, President
3 minutes read
Acting IRS Commissioner Steven Miller stated recently, that taxpayers will soon start feeling the effects of the Sequester now that the tax season has ended. Deep cuts to IRS Staffing will impact taxpayers calling the IRS, as well as the agency’s ability to combat fraud and collect tax revenues.
2 minutes read
Acting IRS commissioner Steven Miller recently sat before a congressional panel and hinted that the best way to combat the explosion of tax fraud may be to either delay the tax filing season, or wait to release all refunds until after the filing season concludes on April 15th.
2 minutes read
The IRS’ new “Modernized E-File Production (MeP) & Assurance Testing Systems” have been experiencing retrieval errors this past week. The IRS issued the following statement on their website:
4 minutes read
As the April 15th Deadline rapidly approaches, there are still hundreds of thousands of taxpayers expected to file the final week of the tax season. The late start to the tax season and the fact that we are getting reports from clients that they still have not received all their tax documentation in order to file is making this last minute crunch even more magnified. Here are some last minuted tax-tips (even if you’ve filed already)