Saturday, January 28, 2012

IRS has a $1 100 gift for some O.C. taxpayers estimate 17 percent of taxes owed went unpaid 5 Tax Planning Tips Small Business Owners Man Calling on Capitol Hill Revised Rules Streamlined Installment Agreements Study Says Percent Taxes Went Unpaid To Collect Italian Cruise Ship Settlements Sneaky Phone Marketers Outfox 'Caller ID' season opens with extra time filers Budget Cuts Hamper I.R.S. From Performing Its Duties Report Mitt Romney's Entitlement Problem Gingrich Used Payroll Ploy Often Attacked By Casey Anthony's Lawyer Quits Solutions Network Offering Services those owing under $10 000.00 to the Renews Disclosure Program Offshore Assets Why is investment income taxed less than wages Romney releases tax records Homeowners must sell by December avoid short sales

IRS Revised Rules for Streamlined Installment Agreements The IRS recently relaxed its rules for payment of smaller tax liabilities. The revised procedures now allow taxpayers up to 72 months to pay their tax obligations. The new procedures also increase the maximum amount subject to the relaxed streamlined agreements from $25,000 to $50,000. You may request a monthly installment plan by submitting Form 9465-FS to if your liability is greater than $25 ... IRS Audit Red Flags: The Dirty Dozen Although there's no sure way to avoid being audited, your chances increase depending upon various factors. IRS Eases Up on Abuse Victims It is a real tragedy that someone can escape an abusive marriage, only to find themselves being pursued by the IRS for the abuser's tax debts.  How does it happen ? Filing a joint return will usually result in a married couple having a lower federal tax than the total of two married filing separate returns (The total of the two returns as single might be even lower, but that is not an option if ... IRS Should End Commodity Mutual-Fund Runaround, Levin Says U.S. tax authorities should stop a private rulemaking process that has encouraged speculation in oil and agricultural markets by letting mutual funds exceed limits on commodity investments, Senator Carl Levin said. Good and Better IRS News For Abuse Victims It is a real tragedy that??someone can escape an abusive marriage, only to find themselves being pursued by the IRS for the abuser?s tax debts.?? How does it happen ? Filing a joint return will usually result in a married couple having a lower federal tax than the total of two??married filing separate returns (The ... The Case For Investing in the IRS Most American taxpayers would not consider the IRS to be underfunded, let alone the IRS's need for more resources to be the most serious problem they face. Given the growing "tax gap" (i.e., the amount of all unpaid tax liabilities), however, a persuasive case can be made that the government should invest more in the ... IRS Wins $62M GE Tax Shelter Case You would expect a tax shelter designed to save $62 million in taxes to be complicated.?? You would be right. The Second Circuit upheld a ruling against General Electric?s financing arm that charged the conglomerate with understating its income. See??TIFD III-E Inc. v. United States. The court said the IRS was right and IRS penalties ... IRS To Collect on Italian Cruise Ship Settlements One night during dinner, your cruise ship crashes into a reef. Amid the pandemonium you must climb into a lifeboat leaving all your possessions, passport, money???even your high-heeled shoes. Then the cruise line offers you $14,000 to settle. If you take it, is it taxable? The Costa unit of Cruises is offering uninjured passengers ???11,000 ... IRS Free File available now IRS Free File, which has been making taxes a little less taxing for a decade is available now. More than 33 million returns have been filed through Free File since its debut. How to Avoid an IRS Audit Tax season is upon us, with most Americans putting together the materials they need to file their returns, gathering receipts, and searching for other tax deductions to maximize the amount they get back ...
Key Words: irs

References:
http://economy.ocregister.com/2011/11/30/irs-has-a-1100-gift-for-some-o-c-taxpayers/100074/
http://www.startribune.com/business/136830373.html
http://www.foxnews.com/politics/2012/01/06/irs-study-17-percent-taxes-went-unpaid/
http://www.forbes.com/sites/robertwood/2012/01/28/irs-to-collect-on-italian-cruise-ship-settlements/?feed=rss_home
http://www.emailwire.com/release/80591-Tax-Solutions-Network-Offering-Services-for-those-owing-under-1000000-to-the-IRS.html
http://www.nytimes.com/2012/01/10/business/irs-renews-disclosure-program-for-offshore-assets.html
http://pixelhat.net/