Many taxpayers don't condone cheating
The IRS Oversight Board has released its 2008 Taxpayer Attitude Survey. The survey has been conducted annually by the Board since 2002 to gain an unde...
Did golf pro Jim Thorpe slice the IRS?
Three years of unpaid taxes, from 2002, 2003, and 2004... that's the bunker Jim Thorpe finds himself stuck in. Charges were filed in an Orlando, Flori...
What will a $575 billion spending spree buy?
The details will continue to roll out as analysts actually get a chance to read the 1,071 page bill was which voted on before anyone had a chance to r...
Who gets what in the Stimulus Bill?
A lot of people get a little bit. Some, like certain home buyers or car buyers get more than a little. Some projects that do seem related to stimulati...
Where's my 1099? Deadline for 1099s changed to February 17
Many investors will receive their year-end tax statements later than in past years, but these forms are likely to be more accurate, according to the I...
For Daschle, it was a short drive from tax problems to political oblivion
The story is becoming sadly familiar. On January 2, 2009 Tom Daschle rushed to file amended tax returns for 2005, 2006, and 2007, and pay $128,203 in ...
AMT patch is attached to Senate version of new stimulus bill
The Senate Finance Committee on January 27 approved its portion of an $825 billion economic stimulus bill, the American Recovery and Reinvestment Bill...
Free Microsoft Excel-based 1040 form available
By David H. Ringstrom, CPAJust in time for tax season, Glenn Reeves of Burlington, Kansas has created a free Microsoft Excel-based version of the 2008...
"Rangel Rule" would give taxpayers a free pass on penalties
When ordinary American taxpayers don't pay their taxes on time, they face penalties owing to the IRS. Three prominent Democrats, Charles Rangel, Timot...
What's in the bailout bill? A laundry list called tax relief
The bailout bill, officially titled the American Recovery and Reinvestment Act is a moving target which includes a long list of tax implications incl...
Letter to your client: Tax changes for your 2008 return
This is the time of year when accountants are making contat with their tax clients and when tax clients have lots of questions for their accountants. ...
Look for changes on 2008 Form 1040
The IRS is mixing it up a little and keeping it fresh this year by adding some new lines and moving some items to different places. Here are the chang...
Changes in tax law affect education benefits for 2008
USA Funds, a national education loan guarantor, advises families that paid college expenses during 2008 that they may qualify for deductions or credit...
Geithner sworn in as new Treasury Secretary
In a decisive vote of 60 to 34, members of the U.S. Senate chose to ignore disclosures that Timothy Geithner might have been guilty of cheating on his...
Did Obama's Treasury nominee, Tim Geithner, weave a tangled tax web?
Last November when then president-elect Barack Obama tapped Timothy Geithner to take the reins as Treasury Secretary, Geithner's confirmation seemed l...
IRS announces last minute address changes for filing tax returns
The Internal Revenue Service has announced that taxpayers in Delaware, Illinois, New York, and Rhode Island who file paper income tax returns will sen...
Ways and Means completes new tax plan
Democrats on the House Ways and Means Committee have released a tax plan that they hope will provide additional economic stimulus to taxpayers who hav...
IRS reaches out to financially distressed taxpayers
The Internal Revenue Service has kicked off the 2009 tax filing season by announcing a number of new steps to help financially distressed taxpayers ma...
10 ways CPAs (and their assistants) recognize tax season
By Yvonne OlsonTax season already? Sometimes the obvious hits us between the eyes, but all too often it just sneaks up on us.
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Treasury issues new executive compensation rules under TARP
The U.S. Department of the Treasury has issued interim final rules for reporting and recordkeeping requirements under the executive compensation stand...
