Tax news of interest to investors came mainly from the courts this week, though the IRS gave paid tax return preparers something to groan about. (more…)
Archive for the ‘IRS Guidance’ Category
Friday Wrapup
Friday, July 23rd, 2010Paid Return Preparers to Pay $50+ Per Year
Thursday, July 22nd, 2010The IRS has released proposed regulations imposing a $50 per year user fee on paid return preparers. The fee is to be paid in connection with an application for a preparer tax identification number (PTIN) and annual renewal of the PTIN. A third-party vendor will administer the program and may charge an additional fee.
IRS on Making Work Pay Credit
Tuesday, July 20th, 2010Always trying to be helpful, the IRS has published a reminder that the Making Work Pay Credit is still available in 2010, and offered some tips about the credit. (more…)
Gulf Coast Tax Help Saturday
Thursday, July 15th, 2010On Saturday July 17 the IRS will offer assistance to individuals who have questions about the tax treatment of BP claims payments or are experiencing filing or payment problems because of the oil spill, at locations specified on this page of the IRS website.
Friday Wrapup
Friday, July 9th, 2010Tax developments were a little slow for this shortened holiday week, but we managed to find several interesting topics to cover, including a court ruling on exempt status for an organization formed for the purpose of . . . well, you’ll just have to read on. (more…)
Summertime Fun with Taxes
Friday, July 9th, 2010Hey, kids! Are you making money this summer? Great! Your parents are so proud! The IRS thinks it’s pretty cool too, and has some totally awesome tax information for you. (more…)
Don’t Overlook Credit for Summer Childcare
Wednesday, July 7th, 2010The IRS sent out a reminder that summer childcare, and even day camp for children under 13, can qualify for the childcare credit. (more…)
Friday Wrapup
Friday, July 2nd, 2010A rare break in congressional gridlock produced some actual tax legislation this week, albeit of limited scope. In addition, it appears we may be heading toward an expansion in the use of Roth retirement accounts. (more…)
Tanning: Not Quite a Top Ten List
Wednesday, June 30th, 2010Seeking to inform tanning salons of their obligations relating to the 10% excise tax that takes effect July 1, the IRS has circulated a list of nine tips concerning the law. (more…)
Extended Deadlines in West Virginia Disaster Area
Tuesday, June 29th, 2010Residents and businesses in counties of West Virginia declared a federal disaster area will have extra time to meet tax deadlines due to severe storms, flooding, mudslides and landslides, according to an announcement from the IRS.
