10/15/2009 - 05:24 - 1113 reads
There is no shortage of government programs, and few can claim to be genuinely successful. The IRS Whistleblower program may be an exception.
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10/15/2009 - 01:56 - 4022 reads
Accountants need to reach out to their clients as soon as possible to alert them to the opportunities presented by the highest exemption in estate tax history.
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10/09/2009 - 11:24 - 3664 reads
The IRS has updated the rules for determining the amount of an employee's ordinary and necessary business expenses for lodging, meals, and incidental expenses while traveling away from home.
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10/09/2009 - 11:17 - 2698 reads -
The Internal Revenue Service has announced plans to launch employment tax audits this fall in conjunction with its National Research Program (NRP).
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10/08/2009 - 11:24 - 1127 reads
It's almost October 15th... Do you know where your tax accountant is?
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10/07/2009 - 19:26 - 1885 reads
A Mission, Texas tax preparer has been permanently barred from preparing tax returns for claiming improper credits on customers' federal income tax returns.
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10/07/2009 - 12:58 - 1827 reads
Two California sisters have been sentenced to six years in federal prison for their part in a $31 million scheme to defraud the Internal Revenue Service.
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10/01/2009 - 00:09 - 1473 reads
The Internal Revenue Service has issued guidance for retirement plan administrators, plan participants and retirees regarding recent legislation affecting required minimum distributions.
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09/29/2009 - 12:50 - 2265 reads
When you owe $54 million in taxes, paying on the installment plan might be a welcome idea. And if you're short of cash, tax authorities aren't above taking payment in the form of diamond studs.
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09/29/2009 - 12:44 - 4999 reads -
Michael Vick is back on the field, now playing quarterback for the Philadelphia Eagles. That means his new employer is entitled to a $10,000 tax credit.
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09/29/2009 - 12:41 - 1611 reads -
Authorities say, RoboCop star Miguel Ferrer owes $289,800 in delinquent state and federal taxes. Ferrer is the son of late singer Rosemary Clooney, and the cousin of George Clooney. He is currently trying to sell his home, worth $3.8 million.
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09/29/2009 - 12:40 - 901 reads
Just days ago, boxer Floyd Mayweather earned $10 million, plus pay-per-view percentages, when he fought Juan Manuel Marquez. But most of that giant purse will go to fulfill his back tax obligations.
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09/29/2009 - 12:17 - 3785 reads
He was well known as a philanthropist, blessing numerous charities with tens of millions of dollars. What he had not done, however, was pay his federal taxes.
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09/29/2009 - 10:42 - 1555 reads
With just a few weeks to go in his prison sentence for tax evasion, Richard Hatch, the first winner of the reality television show Survivor, has managed to grab the spotlight, yet again.
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09/29/2009 - 03:48 - 2654 reads
Requiring business taxpayers to report payments over $600 to corporations would result in millions of additional 1099 Forms that are of “little value to the IRS.
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09/25/2009 - 20:14 - 3831 reads
Taxpayers will reap little benefit from the indexing of many features of the tax code, according CCH's estimated income ranges for each 2010 tax bracket.
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09/25/2009 - 12:09 - 2522 reads
After years of fighting the charges, Joe Francis appeared in a Los Angeles court this week and pleaded guilty to two misdemeanors.
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09/22/2009 - 19:09 - 3469 reads
"A serious blemish on an otherwise outstanding life.” That’s what the judge said recently when she sentenced Mets pitcher Jerry Koosman to prison for tax evasion.
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09/21/2009 - 21:21 - 1974 reads
It happens every year. Some clients put off the pain of tax return filing as long as they possibly can, and that means your firm might be experiencing an October crunch.
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09/21/2009 - 13:27 - 1749 reads
The IRS has announced a one-time extension of the deadline for special voluntary disclosures by taxpayers with unreported income from hidden offshore accounts.
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