7 Crippling and Costly Mistakes With Form 1099


It’s Form 1099 season, and companies big and small are churning them out. If you’re in business–even as a sole proprietor–you need to pay attention to issuing them or face penalties. The burden on...

Tax Filing Procedure Complicated


The taxpayers are facing a conundrum of sorts as issues are being raised over the legitimacy and overall functioning of the IRS tax filing system. The most recent problem that has everyone dazed and...

Tax Forms Face a Dearth During E-Filing


The taxman cometh! The income tax returns are ready for processing. And with the due date approaching faster than a speeding bullet, everyone is filling out their tax forms in an attempt to get it...

Worldwide Travel, Write It Up, Write It Off


You have to admit it sounds awfully good. Travel the world, write your experiences, and write off all your expenses on your taxes. Trouble is, someone thought of it before you, and the IRS said no....
    






Will Overstock Force IRS To Make Up Its Mind About Bitcoin?


Overstock raised eyebrows earlier this month when the retailer announced it would accept Bitcoin as payment. While Bitcoin has slowly been making inroads into the U.S. economy, Overstock is by far...
    






Top 10 Most Litigated Tax Issues


What happens when a taxpayer disagrees with the Internal Revenue Service? Some people think that the matter ends there: the IRS always wins, right? Not necessarily. There are a few ways to appeal an...
    






Filing Your Taxes Early? IRS Will Not Process Returns Before Opening Day


Despite the announcement from the Internal Revenue Service about the late start to tax season, taxpayers are already confused. Why the confusion? Tax preparer advertising. Some tax preparers are...