School’s out, but the IRS has another lesson for students who will be starting summer jobs. Summer jobs represent an opportunity for students to learn about the tax system. Not all of the money they earn will be included in their paychecks because their employer must withhold taxes. Here are six things the IRS wants [...]
Don't wait to do your tax planning until the end of the year. It can be done year-round. See your tax professional now. You'll have plenty of time to make any necessary adjustments or payments so you don't owe on April 15th!
Don't wait to do your tax planning until the end of the year. It can be done year-round. See your tax professional now. You'll have plenty of time to make any necessary adjustments or payments so you don't owe on April 15th!
he Internal Revenue Service reminds taxpayers to follow appropriate guidelines when determining whether an activity is a business or a hobby, an activity not engaged in for profit.In order to educate taxpayers regarding their filing obligations, this fact sheet, the eleventh in a series, explains the rules for determining if an activity qualifies as a [...]
During the summer many parents may be planning the time between school years for their children while they work or look for work. The IRS wants to remind taxpayers that are considering their summer agenda to keep in mind a tax credit that can help them offset some day camp expenses. The Child and Dependent [...]
The Internal Revenue Service today announced that its offshore voluntary disclosure programs have exceeded the $5 billion mark and released new details regarding the voluntary disclosure program announced in January, including tightening the eligibility requirements. "We continue to make strong progress in our international compliance efforts that help ensure honest taxpayers are not footing the [...]
The Internal Revenue Service today announced that its offshore voluntary disclosure programs have exceeded the $5 billion mark and released new details regarding the voluntary disclosure program announced in January, including tightening the eligibility requirements. "We continue to make strong progress in our international compliance efforts that help ensure honest taxpayers are not footing the [...]
The Internal Revenue Service today announced a plan to help U.S. citizens residing overseas, including dual citizens, catch up with tax filing obligations and provide assistance for people with foreign retirement plan issues."Today we are announcing a series of common-sense steps to help U.S. citizens abroad get current with their tax obligations and resolve pension [...]
The Internal Revenue Service today announced a plan to help U.S. citizens residing overseas, including dual citizens, catch up with tax filing obligations and provide assistance for people with foreign retirement plan issues."Today we are announcing a series of common-sense steps to help U.S. citizens abroad get current with their tax obligations and resolve pension [...]
The Internal Revenue Service marked the third anniversary of its groundbreaking return preparer initiative and urged those paid tax return preparers required to pass a new competency test to take the test as soon as possible. Three years ago the IRS took its first step toward ensuring standards for competency, continuing education and ethics would [...]