An exciting CPA rant!!! You must read!!!

Here is a rant: I’m trying to do something via the IRS website – as usual, it is kicking me out of the site – telling me there is a problem, not telling me what the problem is. I don’t know if there is a problem on the website, or if I’ve entered something incorrectly. […]

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IRS Open On Monday; Agency Cuts Costs, Cancels July 22 Furlough

Note: Some taxpayer assistance centers will be closed on Monday. Please check the status of yourlocal office before visiting.  IR-2013-66, July 18, 2013 WASHINGTON — The Internal Revenue Service is cancelling the furlough day scheduled for Monday, July 22 due to its successful ongoing efforts to cut costs. As a result, IRS offices will be open as […]

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NFL Won’t Promote Obamacare After All

(source: http://eba.benefitnews.com/health-insurance-exchange/news/NFL-wont-Promote-Obamacare-After-All-2734468-1.html)     Obamacare has just been sacked. In a blow to the Obama administration’s latest push to promote its new healthcare law, the National Football League has backed away from a request to take part in an aggressive advertising campaign. This despite public assurances last week by Health and Human Services Secretary Kathleen Sebelius […]

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Don’t Panic: Tips for Dealing With IRS Notices

The most glaring problem with this article is the omission of the following sentence: . . “Give me a call at (423) 479-3007, so that I can help you.  Thanks,  Ian Harper” . . WASHINGTON, D.C. (APRIL 23, 2013) BY JEFF STIMPSON (via http://www.accountingtoday.com/taxprotoday/news/Do-not-Panic-Tips-for-Dealing-With-IRS-Notices66446-1.html?ET=webcpa:e7010:399018a:&st=email)   Many of your clients will probably welcome recent advice from the […]

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IRS Warns about Boston and Texas Charity Scams

WASHINGTON, D.C. (APRIL 22, 2013) BY MICHAEL COHN (via: http://www.accountingtoday.com/news/IRS-Warns-Boston-Texas-Charity-Scams-66423-1.html)     The fraudulent schemes involve solicitations by phone, social media, email or in-person, the IRS noted. “Scam artists use a variety of tactics. Some operate bogus charities that contact people by telephone to solicit money or financial information. Others use emails to steer people to […]

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You’ll work 5 extra days for Uncle Sam this year

April 3, 2013, 1:37 PM By Jonnelle Marte (via: http://blogs.marketwatch.com/taxwatch/2013/04/03/youll-work-5-extra-days-for-uncle-sam-this-year/?mod=WSJBlog)   Tax Freedom Day, the day by which Americans will have worked enough hours to be able to pay their taxes, lands on April 18 this year, according to the Tax Foundation’s annual analysis. That means we will work about three and a half months to […]

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How will you spend your refund?

Tax Refunds Will Be Used on Day-to-Day Expenses NEW YORK (APRIL 3, 2013) BY MICHAEL COHN (via: http://www.accountingtoday.com/news/Tax-Refunds-Used-Day-to-Day-Expenses-66243-1.html) More than a third of U.S. adults expect to spend their tax refunds this year on meeting everyday expenses, according to a new survey by the American Institute of CPAs, as the expiration of the payroll tax cut […]

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Filed your tax return, yet?

Have you filed your tax return yet, or made preparations to get it filed by April 15 (that’s 15 days from now, by the way).If not, remember that you can extend your filing requirement to October 15, 2013 by filing form 4868, or by giving my office a call at (423) 479-3007, and we can […]

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Taxpayers filing delayed forms get late-payment penalty relief

(Via: http://www.journalofaccountancy.com/News/20137618.htm) . BY SALLY P. SCHREIBER, J.D. MARCH 20, 2013 On Wednesday, the IRS announced that it will waive the penalty normally assessed for late payment of income tax, for taxpayers who have requested an extension of time to file their return and who are filing one of the 31 forms that were delayed until […]

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Lost your house to foreclosure?

You’ve lost your house to foreclosure, and then, to add insult to injury, you’ve received a form 1099-C, indicating that you have to pay taxes on the amount of debt that has been forgiven!   Hang on, all may not be lost.  Read below, and then once you’ve done so, give me a call at […]

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