Important tax developments in the first quarter of 2010 IRS Tax Relief While the new law tax changes in the health reform legislation and the hiring legislation were the most significant developments in the first quarter of 2010, many other tax developments may affect you, your family, and your livelihood.…
Health Reform Law to Spawn More Tax Men? IRS Says It Needs More ‘Resources’ to Implement Tax Provisions of New Law SOURCE: ABC By DEVIN DWYER Ask critics of the Democrats’ health care overhaul about the law’s impact, and among the “horrors” they may describe is an army of Internal…
Tax changes affecting individuals in the 2010 health reform legislation Mike Habib, EA I’m writing to give you a brief overview of the key tax changes affecting individuals in the recently enacted health reform legislation. Please call our offices for details of how the new changes may affect your specific…
IRS unveils 2010 list of tax scams — the Dirty Dozen Tax Relief IRS has unveiled its latest list of notorious tax scams, which it calls the “Dirty Dozen”. The IRS highlighted tax schemes involving phishing, hiding income offshore and false claims of refunds. IRS warns that these tax schemes…
Today is the first day of the rest of your life. If things haven’t been going well lately, get a fresh start with a fresh attitude. The best is yet to come! Michael Josephson, of Character Counts. Tax debt settlement help – get reliable tax relief If you find yourself…
Tax Attorney – Get the power of attorney for tax representation A tax relief attorney may represent taxpayers with a tax deficiency, which is the excess of the correct tax liability over the tax shown on the taxpayer’s return plus amounts previously assessed (or collected without assessment) as a tax…
Basic Trust Taxation Rules It is estimated that $4.8 trillion in wealth will be inherited or transferred from one generation to the next by 2015, with much of it transferred through a variety of trusts. Filings of trust returns (Form 1041) are now the third most frequently filed income tax…
Senate Unveil Tax Reform Bill Senate Finance Committee members Ron Wyden, D-Ore., and Judd Gregg, R-N.H., on February 23 unveiled a broad tax reform proposal that they say would create a simpler and fairer system by lowering tax rates and eliminating narrow tax breaks that benefit special interests. The plan…
IRD – Income In Respect of a Decedent All income the decedent would have received had death not occurred that was not properly includible on the final tax return is income in respect of a decedent. If the decedent is a specified terrorist victim (see Specified Terrorist Victim, earlier), income…
Plane was crashed into Austin building by man angry at IRS, authorities say A software engineer is presumed dead after flying his small plane into an office building. At least 13 people on the ground are injured and one is unaccounted for. Source: LA Times By Richard Fausset and Richard…