Income tax

A&A

D.C. launches amnesty program waiving penalties, fees on back taxes

Delinquent taxpayers will get a rare opportunity to pay outstanding taxes and interest to the District of Columbia, have their penalties and fees waived, and avoid criminal prosecution. The DC Tax Amnesty program will run from August 2 through September 30, 2010.
Tax

Block and Liberty: A marriage in the tax prep industry?

John Hewitt, founder of Liberty Tax Services, is reaching out to H&R Block to see if there might be a commercial marriage in their future.
Tax

Justice Department shows no compassion for church's alleged tax shenanigans

The U.S. Department of Justice has asked a federal court to permanently bar Kevin Hartshorn from promoting an allegedly false church-based tax fraud scheme.
Tax

Game, set, match to the IRS

Just before the start of this year’s French Open Tournament, news spread that Murphy Jensen, a doubles champion from the 1993 French Open, was neck deep in hot water with the Internal Revenue Service and two state tax agencies.
Tax

Fraud continues to plague homebuyer program

Iron bars might keep prisoners from physically picking our pockets. But that’s not enough to keep them – and others – from stealing millions in taxpayer money through fraudulent first-time homebuyer tax credits.
Tax

Four rap stars make the IRS hit list

The list of famous, well-paid people who owe back taxes is long and getting longer. Lately, it seems the names dominating the list are those of rappers.
Tax

Senate responds to glut of prospective homebuyers seeking tax credits

In response to the backlog of first-time homebuyers hoping to take advantage of federal tax credits, the Senate this week agreed to extend the measure for three months.
Workplace Fitness

IRS issues regulations regarding tax on tanning services

The Internal Revenue Service recently has issued regulations outlining the administration of a 10 percent excise tax on indoor tanning services that goes into effect on July 1.
Tax

State of Florida launching tax amnesty program July 1

Florida residents who owe back taxes can settle their debts without fear of penalties and criminal prosecution under an amnesty program that runs from July 1 to September 1.
Tax

IRS lien brings back an old scandal for Clinton friends

They are not movie stars, but the names of Harry Thomason and his wife, Linda Bloodworth-Thomason, are well known in Hollywood, in Washington, D.C., and now on the rolls of delinquent taxpayers.
Tax

Nicolas Cage: Poster boy for delinquent taxes

Just when you thought he’d learned his lesson, Nicolas Cage is wrestling with more tax issues. Since late last year he had become the poster boy for celebrities who don’t pay their fair share, making headlines time after time.
Tax

Unemployed can use tax laws to secure a job

Both unemployed (including some recent graduates) and certain currently employed Individuals looking for work can dramatically increase their attractiveness to prospective employers by highlighting certain tax breaks that employers can secure by hiring them.
Tax

Outright.com announces winner for wackiest tax extension excuse competition

Outright.com, the online bookkeeping service for the small, self-employed entrepreneur, recently announced the winner in its contest for who could come up with the strangest or most interesting excuse for needing a tax extension.
Tax

Statement from IRS commissioner regarding small charity filing deadline

Now that the May 17 filing deadline has passed, it appears many small tax-exempt organizations have not filed the required information return in time.
Tax

HIRE Act: Payroll tax exemption claim form for hiring new workers available

The Internal Revenue Service this week has issued the newly revised payroll tax form that most eligible employers can use to claim the special payroll tax exemption that applies to many new workers hired during 2010.
Tax

Fear factor: Intimidating print, TV ads used in amnesty program

Tax amnesty can be an effective way for a taxing authority to quickly fill its coffers, clear a lot of names off the delinquency list, and help balance the budget. States do it from time to time, though critics warn that it can undermine regular collections if taxpayers begin to sense a pattern.
Tax

NAEA gives testimony regarding preparer identification number regulations

The National Association of Enrolled Agents (NAEA) recently has presented testimony at the Internal Revenue Service Public Hearing on Proposed Regulations.
A&A

Many small nonprofits may lose tax-exempt status

Many small nonprofit organizations with annual receipts of less than $25,000 will lose their tax exempt status if they do not file a full return or a Form 990 N, an electronic notice e-postcard, with the Internal Revenue Service by May 15.
Tax

Tax attorney, businessman receive prison sentences for tax fraud

The U.S. Department of Justice has announced that two men were sentenced to prison last week for their involvement in a complex tax fraud scheme devised to avoid paying federal income taxes.
Tax

Tax preparer shut down for falsely claiming first-time homebuyer credits

A federal court has permanently barred David Santiago and his business, Santiago Investment & Consulting Inc., from preparing federal tax returns for others, the Justice Department announced.

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