IRS Building
Filing taxes electronically is gaining popularity as each year Americans drop their old paper forms in favor of software or Web sites that process taxes online. Tax professionals also are flocking to efile–helping taxpayers file quickly, efficiently, and more accurately. (more…)
The IRS says its recent program to allow taxpayers to freely step forward to report previously undeclared offshore bank accounts has been very successful. (more…)
Do you always want to listen to the IRS? The answer to this question depends on what they are telling you. But one thing is for sure: if they release a news statement you probably want to take it into consideration. After all, you may not like what the IRS stands for but you have to comply with all their rules and regulations.
The IRS has a section on their website known as “Hot Topics.” It is here that you will find the latest news from the IRS including details on tax credits, rebates, filing tips, and much more.
Any items of current interest are included on this page. Even though you don’t have to visit it everyday, you might as well take notice in case something comes up and you want to gather more information.
photo by zieak (cc-by)
Those who have been hiding assets in foreign accounts should be aware of the amnesty program extension that was recently passed by the IRS. The original deadline for reporting this income to the IRS was October 15 – this has been expanded due to a large number of applications for the program. (more…)
by Cornell University Archive
An affordable college education is very important. The Obama Administration realizes this, and is doing everything they can to help out prospective students regardless of age. Learn about government help for college students. (more…)
photo by Aheram (cc-by)
Many people are under the impression that the IRS does not care about offshore accounts. Of course, the recent UBS settlement may have changed your mind on this just a tad. But even then, there are some who believe that international tax issues are often times overlooked. While this was never really the case, it really isn’t going to be true in the future. The IRS is currently creating an international tax unit to be responsible for all international tax issues including the biggest problem: using offshore accounts to avoid paying taxes. (more…)
by photos8
On August 14, 2009 the IRS announced that interest rates will stay the same for the quarter beginning on October 1. Those who don’t owe money to the IRS may not think twice about this. But on the other hand, there are millions of people who need to know the interest that they will be paying on their debt. (more…)
You probably never thought that the Internal Revenue Service would get involved with YouTube and iTunes. But guess what? You would be wrong. The IRS has begun to create both video and audio products meant to help taxpayers better understand the American Recovery and Reinvestment Act as well as other areas of the tax code. (more…)
photo by SBray
For many years, online scammers have been using email to steal the identity of unsuspecting consumers. If you are not careful you could be next in line. More and more IRS email scams are showing up in inboxes. Have you seen one of these? If so, how did you deal with it? (more…)
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