An Exercise in Power

Although accounting professionals are comfortable working with the IRS since they do it on a daily basis, any sort of correspondence between the collection agency and the common taxpayer can be a stressful and sometimes painful process.  The recent revelation [...]

Posted in Audit & Tax Talk | Tagged , | Leave a comment

Thank you Academy Awards for Your Generous “Gift.”

Oscar buzz has been hitting the media for the past few weeks with the annual predictions of who would win which category and who would wear what.  I’m not sure if anyone predicted Helen Hunt would wear a gown from [...]

Posted in Audit & Tax Talk | Tagged , , | Leave a comment

RTRPs Left to Wonder

In a January 18, 2013 U.S District Court decision of Sabina Loving, et al., v. Internal Revenue Service, Judge James E. Boasberg overturned the IRS’s authority to regulate tax preparers. I should point out that this ruling has no effect [...]

Posted in Audit & Tax Talk | Tagged , | Leave a comment

Have you filed your 2008 Income Tax Return?

Taxpayers are given three years to file their income tax returns and claim any refunds they are due based on the overpayment of tax liabilities.  That means the date to file your 2008 tax returns is quickly approaching, and if [...]

Posted in Audit & Tax Talk | Tagged , | Leave a comment

Where’s My Refund? Or, will I ever get my refund?

According to the IRS, a glitch in the popular Where’s My Refund? on the IRS website has been fixed.  This is welcome relief to numerous individuals who had been receiving a message that the IRS had no information regarding their return, [...]

Posted in Audit & Tax Talk | Tagged , | Leave a comment

Gas prices cause IRS to increase 2011 mileage reimbursement rate

In response to the increase in gas prices, the IRS announced an increase in the optional standard mileage rates for the last six months of 2011. The following are the rate changes which are contained in Announcement 2011-40: Purpose of [...]

Posted in Audit & Tax Talk | Tagged | Leave a comment

Independent Contractor Status Under Surveillance by IRS

The IRS has recently announced plans to audit 6,000 businesses selected at random to determine whether they have workers improperly classified as independent contractors who should be treated as employees instead. When appropriately applied, i brand viagra canada ndependent contractor [...]

Posted in GBQ Exchange | Tagged | 1 Comment

Small Business Reprieve on Mandatory Health Care Reporting

/* <![CDATA[ */ var quicktagsL10n = { quickLinks: "(Quick Links)", wordLookup: "Enter a word to look up:", dictionaryLookup: "Dictionary lookup", lookup: "lookup", closeAllOpenTags: "Close all open tags", closeTags: "close buy cheap viagra online uk tags", enterURL: "Enter the URL", enterImageURL: [...]

Posted in GBQ Exchange | Tagged , | Leave a comment

What are your chances of being audited?

The IRS recently issued their annual data book providing statistical data on activity within the IRS. Here are some interesting statistics to share with you… [...]

Posted in Audit & Tax Talk | Tagged , | Leave a comment