2014 Tax Benefits Increased!
For tax year 2014, the Internal Revenue Service announced today annual inflation adjustments for more than 40 tax provisions, including the tax rate schedules, and other tax changes. Revenue Procedure 2013-35 provides details about [...]
2014 PTIN RENEWAL PERIOD UNDERWAY FOR TAX PROS
The Internal Revenue Service today reminded the nation’s almost 690,000 federal tax return preparers that they must renew their Preparer Tax Identification Numbers (PTINs) for 2014. All current PTINs will expire on Dec. 31, 2013. [...]
IRS WARNS OF TELEPHONE SCAM
The Internal Revenue Service today warned consumers about a sophisticated phone scam targeting taxpayers, including recent immigrants, throughout the country. Victims are told they owe money to the IRS and it must be paid promptly [...]
HOW WILL GOV SHUTDOWN EFFECT IRS OPERATIONS???????
Due to the current lapse in appropriations, IRS operations are limited. However, the underlying tax law remains in effect, and all taxpayers should continue to meet their tax obligations as normal. [...]
IRS PROVIDE NEW PER DIEM RATES
Notice 2013-65 announces the special per diem rates effective October 1, 2013, which taxpayers may use to substantiate the amount of expenses for lodging, meals, and incidental expenses when traveling away from home. The rates [...]