4 minutes read
TurboTax, the leading do-it-yourself tax software by Intuit, has caused an uproar with their customers claiming shady tactics of “price gouging” & “bait & switch”. Intuit has removed popular tax forms from their Basic & Deluxe programs, forcing clients to upgrade their software by at least $30 in order to have access to the same forms that were in last year’s programs:
3 minutes read
IRS Commissioner John Koskinen recently suggested that the 2015 tax filing season could be misery for taxpayers and IRS employees alike. Between extensive wait times to speak to a representative, implemented laws that have not yet been reflected in the tax code and congressional gridlock, this may be the worst tax season on record.
2 minutes read
Due to Hurricane Sandy, the New York Department of Taxation has extended filing/payment deadlines.
4 minutes read
The IRS recently announced that it plans to increase audits of small businesses in the hopes of closing a $450 Billion gap. This announcement is interesting because it come on the heals of a recent report that most audits of small businesses turn up nothing. The eight significant audit areas the IRS will be concentrating are: