News

US Tax Preparers Face New Education Requirements

Source: tax-news.com - Feb 15, 2012

by Mike Godfrey, Tax-News.com, Washington 14 February 2012 The United States Internal Revenue Service (IRS) has reminded certain tax return preparers that they must complete 15 hours of continuing... Read more >

Category: IRS

Congressional negotiators reach tentative deal on payroll tax cut, jobless aid, Medicare money

Source: foxnews.com - Feb 15, 2012

Published February 14, 2012 Bipartisan negotiators hammered out a tentative deal Tuesday to extend the payroll tax cut for the rest of the year, as well as unemployment insurance and the so-called... Read more >

Category: General Business

Dying Tax Breaks: Use Them While They're Hot

Source: reuters.com - Feb 9, 2012

(Reuters) - Every year, dozens of little bits of the tax code fall by the wayside or, more typically, get ritually renewed by Congress. This half-in, half-out nature of the tax code frustrates... Read more >

Category: General Business

IRS Upbraided Over Restitution Payments

Source: usa-tax-news.com - Feb 9, 2012

by Mike Godfrey, Tax-News.com, washington Tuesday, February 07, 2012 The United States Internal Revenue Service (IRS) does not have effective internal controls to ensure defendants convicted of... Read more >

Category: IRS

Switzerland Yields To US Tax Demands

Source: tax-news.com - Feb 9, 2012

by Ulrika Lomas, Tax-News.com, Brussels 06 February 2012 Following mounting pressure from the US attorney’s office, Switzerland has finally handed over to US investigators comprehensive,... Read more >

Category: IRS

Parents Delay Retirement, Use Savings to Help Adult Children, Report Finds

Source: moneynews.com - Feb 9, 2012

Friday, 03 Feb 2012 11:34 AM By Forrest Jones Retirement has become more elusive for many these days, and even those who have amassed savings for their golden years are finding themselves cashing... Read more >

Category: General Business

IRS Refund Delay and Real-Time Tax System

Source: accountingtoday.com - Feb 8, 2012

February 1, 2012 By Michael Cohn, Editor-in-Chief, AccountingToday.com The Internal Revenue Service needed to put the brakes on its tax refunds this tax season when newly installed filters to... Read more >

Category: General Business

On Earned Income Tax Credit Awareness Day, IRS and Partners Launch Outreach Campaign to Low- and Moderate-Income Workers

Source: irs.gov - Feb 8, 2012

IR-2012-11, Jan. 27, 2012 WASHINGTON — The Internal Revenue Service and community partners nationwide today launched their annual outreach campaign aimed at helping millions of Americans who... Read more >

Category: IRS

IRS tax fraud crackdown targets identity thieves

Source: usatoday.com - Feb 8, 2012

By Kevin McCoy, USA TODAYUpdated 1/31/2012 2:51 PM Dozens of suspected identity thieves and others pursuing fraudulent tax refunds have been arrested in a nationwide crackdown aimed at reversing a... Read more >

Category: General Business

When to File Gift Tax Forms--Steps to take if you think gifts, payments or transfers to family members may run afoul of federal gift tax rules.

Source: smartmoney.com - Feb 6, 2012

Generally speaking you only need to file a gift tax form when you exceed the annual $13,000 tax-free gift limit. But it's also prudent to send in that Form 709 every time you make a transaction... Read more >

Category: IRS

MAYOR LANDRIEU LAUNCHES CONTRACTOR’S COLLEGE OF NEW ORLEANS

Source: nola.gov - Feb 5, 2012

01/30/12 NEW ORLEANS, LA—Today, Mayor Mitch Landrieu announced the launch of Contractor's College of New Orleans, an innovative training and capacity building program designed to help small,... Read more >

Category: General Business

Big medical bills may add up to tax breaks

Source: shreveporttimes.com - Feb 5, 2012

Taxpayers swamped by big medical bills in 2011 can get some relief when they file their income tax forms this spring thanks to an overlooked deduction that is hard to reach in a typical year. The... Read more >

Category: IRS

School expenses eligible for Louisiana state income tax deductions

Source: revenue.louisiana.gov - Feb 5, 2012

January 31, 2012 BATON ROUGE – Education expenses paid during the 2011 tax year may be eligible for Louisiana state income tax deductions. The Louisiana School Tuition and Expense Tax Deductions... Read more >

Category: Louisiana

Gov. Jindal Proposes New Business Tax Breaks Lawmakers To Consider Bills During Regular Session

Source: wdsu.com - Feb 4, 2012

BATON ROUGE, La. -- Gov. Bobby Jindal is proposing to expand business incentive programs in a bid to attract new industry and corporate headquarters to Louisiana. Among the proposals are a... Read more >

Category: Louisiana

When Can I Expect My Refund?

Source: irs.gov - Feb 3, 2012

The Internal Revenue Service reminds taxpayers to keep in mind that many variables can affect the speed of a tax refund. Using e-file with direct deposit remains the fastest option for taxpayers.... Read more >

Category: IRS