Tag Archives | Taxation

New Tax Reform Suggestions Posted to Tax Toolkit

New tax reform suggestions submitted by members of the public are available on the Tax Reform Suggestion Box page of the Taxpayer Advocate Service (TAS) Tax Toolkit. Visit this page to read other taxpayer perspectives and submit your own ideas about tax reform.  Go to Source Author: Like this:Like Loading…

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PTIN Requirements Not Affected by Court Ruling on Tax Preparer Regulation

  On Jan. 18, 2013, the U.S. District Court of the District of Columbia issued an injunction to keep the IRS from enforcing regulatory requirements for tax return preparers. In accordance with this order, tax return preparers covered by this program are not required to complete competency testing or secure continuing education. The ruling does […]

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Finding the Right Filing Status

When preparing a tax return, one of the first decisions we make is to pick a filing status. Filing status determines which tax rates apply to our income and determines our standard deduction. Filing status is based on two general factors: whether a person is married or not, and whether a person has closely-related dependents. […]

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IRS Announces Start Dates For Processing Some Tax Returns

The Internal Revenue Service has delayed the processing of several tax forms which needed to be revised due to the American Taxpayer Relief Act. Previously, the IRS had announced that some forms would be delayed, possibly as late as the middle of March. The IRS needed additional time to reprogram their computer systems to reflect […]

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IRS Provides Further Disaster Relief for Hurricane Sandy

Taxpayers in New Jersey and New York may be eligible for a further extension of time to file tax returns and to remit payment of federal taxes as a result of Hurricane Sandy. … Read Full Post Go to Source Author: Like this:Like Loading…

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IRS Announces Processing of Returns Claiming Education Credits by mid-February

The IRS recently announced that taxpayers using Form 8863, Education Credits, can begin filing their tax returns for processing in mid-February. Form 8863 is used to claim two higher education credits – the American Opportunity Tax Credit and the Lifetime Learning Credit. Learn more about tax credits available to you on the Taxpayer Advocate Service […]

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Reynolds: Tax the Revolving Door

USA Today op-ed: Tax the Revolving Door, by Glenn Harlan Reynolds (Tennessee): When President Obama ran for president in 2008, he promised to "close the revolving door" and clean up both ends of Pennsylvania Avenue, but that hasn’t happened. Which isn’t to say that it shouldn’t happen now. But I… Go to Source Author: Paul […]

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Anderson: Plastic Grocery Bag Bans and the $87,500 Seagull

Rob Anderson (Pepperdine), Law Profs Bag $87,500 Seagull: Law professors Jonathan Klick (U Penn Law) and Joshua D. Wright (George Mason Law) have posted a paper, Grocery Bag Bans and Foodborne Illness, that has been making the rounds in the news and blogs in the last few days. The paper… Go to Source Author: Paul […]

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