The IRS has issued an important reminder to 730,000 federal tax return preparers around the country: Don't forget to renew your PTIN for 2013. It has also cautioned tax professionals who must meet new competency tests to schedule their exams.
"Benjamin Franklin said, 'In this world, nothing could be said to be certain, except death and taxes.' At least with taxes, they keep changing." Thus starts a new YouTube video entitled "Medicare Investment Income Tax."
The IRS has announced various cost-of-living adjustments for 2013. Although inflation has remained on the low side this year, it was still high enough to move the needle on more than two dozen tax code provisions.
Every year California publishes a list of tax delinquents, many of whom are big names in Hollywood. This year is no exception, though some say the celebrity names come more from the B-list or farther down the alphabet.
Rapper Richard Morales entered a tax preparation office and exploded in a fit of rage. Surveillance cameras show him pulling a gun on an accountant seated behind a desk where there was no visible means of escape.
Like clockwork, the SSA announces an increase in the annual Social Security "wage base" practically every October. This year is no exception. Among other changes, the SSA says the wage base will jump to $113,700 in 2013.
On October 10, 2012, the IRS announced that Douglas Shulman, who has led the agency since 2008, is stepping down next month. "It has been an honor to serve the American people during this dynamic time," said Shulman.
Beanie Sigel is serving time in prison for tax evasion. Why didn't he file returns and pay taxes? That's a question many people ask about celebrities and other artists, most of whom have much healthier incomes than the rest of us.
A woman in Georgia has been indicted for stealing the identities of the most vulnerable - the homeless and the disabled. The second case involves a tax refund scheme of national scope, wherein at least 180 clients from thirty different states were victimized.
On "Pulpit Freedom Sunday," more than 1,000 pastors participated in a collaborated effort to defy the IRS by endorsing political candidates. Their message was clear: You can't tell us what we can and can't talk about to our congregations.
Are consumers inclined to drop off their tax returns at a department store kiosk after shopping for linens, sporting goods, or electronic gadgets? Both Liberty Tax Services and Jackson Hewitt are betting they are.
The IRS is seeking applications for vacancies on the Advisory Committee on Tax Exempt and Government Entities (ACT). The committee provides a venue for public input on relevant areas of tax administration.
The IRS Criminal Investigation Division needs to ensure that its special agents are taking and passing required firearms training, according to a new report from the Treasury Inspector General for Tax Administration.