03/18/2010 - 11:11 - 1533 reads -
A new bill – with a price tag of $17.6 billion and a prediction of creating 250,000 jobs – is on its way to President Obama for his signature. It’s the Hiring Incentives to Restore Employment, or HIRE Act.
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03/17/2010 - 19:21 - 640 reads
The Internal Revenue Service has issued its 2010 “dirty dozen” list of tax scams, including schemes involving return preparer fraud, hidi...
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03/16/2010 - 23:58 - 2176 reads -
Even if you never watch Hollywood’s seemingly endless lineup of awards shows, you’re probably aware that the celebrities who appear on those programs are thanked with gift bags loaded with expensive items.
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03/16/2010 - 22:34 - 503 reads
On March 2, 2010, President Obama signed the Temporary Extension Act of 2010 (the “TEA”) extending the COBRA premium subsidy eligibility period for an additional month, through March 31, 2010.
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03/16/2010 - 22:21 - 488 reads
The IRS wants business taxpayers, associations, and other interested parties to submit to the Industry Issue Resolution (IIR) Program tax issues for resolution involving a controversy, a dispute or an unnecessary burden on business taxpayers.
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03/16/2010 - 12:25 - 907 reads -
Small businesses get a break in the form of an extended moratorium on penalties related to tax shelters. Since last summer the IRS has been extending the moratorium a few months at a time.
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03/16/2010 - 10:05 - 478 reads -
Sherry Lynn Vertoch was arrested for posing as an agent of the Internal Revenue Service in order to gain free housing at a California hotel. If convicted, Vertoch could spend up to three years in prison.
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03/11/2010 - 17:27 - 858 reads
The Internal Revenue Service this week issued guidance designating the February earthquake in Chile as a qualified disaster for federal tax purposes.
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03/10/2010 - 12:16 - 972 reads
Massachusetts Tax Attorney Kevin Kilduff has been barred from practicing before the Internal Revenue Service for 48 months for failing to file a federal tax return, and for filing another five returns late.
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03/10/2010 - 12:03 - 855 reads
The tax and accounting business of Thomson Reuters recently updated its Mexico Tax, Law, and Business Briefing book, which is designed to help companies comply with Mexico's new tax and finance legislation changes, explore opportunities for minimizing the change impacts, and proactively manage audit risk.
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03/09/2010 - 01:21 - 1020 reads
Though QuickBooks is very easy to use, our clients often create numerous setup and data entry errors
that we have to troubleshoot. This troubleshooting often coincides with tax time.
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03/04/2010 - 12:22 - 1136 reads
The Illinois CPA Society offers six 2009 tax filing tips for the under-30 crowd
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03/04/2010 - 11:58 - 1403 reads
In Washington, D.C., Nick Cho is a local celebrity – at least among the coffee-loving crowd. He was the owner of a popular Capitol Hill hangout called Murky Coffee. Unfortunately for Cho, he’s been gaining fame for a less stimulating reason.
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03/04/2010 - 11:58 - 1360 reads
Company.com, an information and lead generation services portal for small and medium-sized businesses, has provided us with a list of ten tips for helping businesses avoid IRS tax audits.
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03/01/2010 - 16:45 - 1645 reads -
Florida’s North Bay Village mayor allegedly hasn’t made a mortgage payment in nearly two years, lives in a house on which he had built an illegal second story, and owes the Internal Revenue Service more than $200,000 in back taxes.
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03/01/2010 - 16:03 - 2216 reads -
A few weeks ago Terry Hoskins had a 3,088-square-foot brick house that he and his wife had occupied since 1991. It was valued at more than $350,000 and he owed the bank about $160,000. Now the house is a pile of rubble.
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03/01/2010 - 12:43 - 2187 reads -
At least 50 detainees at the Stock Island Detention Center near Key West, Florida, figured out how to scam the Internal Revenue Service out of $100,000 in bogus tax refunds.
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03/01/2010 - 11:00 - 1282 reads
Rapper Snoop Dogg, nee Calvin Broadus, is in trouble with the Internal Revenue Service again. On January 19, the IRS filed a lien with the Los Angeles County Recorder of Deeds against Snoop Dogg and his wife, Shante.
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02/24/2010 - 17:01 - 10142 reads
Individuals who hire professional tax return preparers are getting their money's worth, according to the National Society of Accountants (NSA).
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02/23/2010 - 18:23 - 1181 reads
Heather Maloy, IRS commissioner, large and mid-size business division, joined Ernst & Young LLP professionals this week for a discussion of the IRS proposal to require disclosure of uncertain tax positions on a schedule that will be attached to corporate income tax returns.
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