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...
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...
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...
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....
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...
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...
When Congress threatened “right-sized” budget cuts for the Internal Revenue Service last July, it was a clear swipe at the agency which had been under fire following a number of scandals. House...
“Occupation?” I asked. “Spy,” he replied, looking at me with his eyes sparkling, daring me to disagree. I nodded. And then I typed “Retired.” I probably sat with 20 seniors that day at the Internal...
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...
Tax season opens in 26 days. And here’s my big prediction: a lot of taxpayers will be taken by surprise. Despite all of those “no new taxes” type promises, tax bills are expected to edge higher for...