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Guidance: This Regulation Provides Notice of Public Hearing About Preparer...
REG-134235-08 provides notice of public hearing on a notice of proposed rulemaking providing guidance to tax return preparers on furnishing an identifying number on tax returns and claims for refund of...
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IRS Patrol: Tax-Free Employer-Provided Health Coverage Now Available for...
WASHINGTON — As a result of changes made by the recently enacted Affordable Care Act, health coverage provided for an employee’s children under 27 years of age is now generally tax-free to the...
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IRS Patrol: IRS Offers Details on New Small Business Health Care Tax Credit
WASHINGTON — The Internal Revenue Service today issued new guidance to make it easier for small businesses to determine whether they are eligible for the new health care tax credit under the Affordable...
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IRS Patrol: COBRA Subsidy Eligibility Period Extended to May 31
WASHINGTON — Workers who lose their jobs during April and May may qualify for a 65-percent subsidy on their COBRA health insurance premiums, according to the Internal Revenue Service. The American...
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Got New Employees- Check Out This Payroll Tax Break
By Stacie Clifford Kitts, CPA Hired any new employees? No, well if you are in need of some staff, now is a good time to check out the tax breaks you might get if you hook up some new workers. Beginning...
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IRS Patrol: IRS Seeks Applications for Information Reporting Advisory Council
WASHINGTON — The Internal Revenue Service is requesting membership nominations for the Information Reporting Program Advisory Committee (IRPAC), which provides recommendations to IRS leadership on a...
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IRS Patrol: Low Income Taxpayer Clinic Grant Recipients Announced
WASHINGTON — The Internal Revenue Service has awarded nearly $10 million in matching grants to Low Income Taxpayer Clinics (LITCs) for the 2010 grant cycle (Jan. 1 to Dec. 31, 2010). LITCs are...
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Guidance Regarding Change of Address
Revenue Procedure 2010-16 explains how the Internal Revenue Service is informed of a change of address. Revenue Procedure 2010-16 will be in Internal Revenue Bulletin 2010-19, dated May 10, 2010. Filed...
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IRS Presents: Wondering About Your Tax Return – Here’s Some Stuff to Know
Most taxpayers have already filed their federal tax returns, but many may still have questions. Here’s what the IRS wants you to know about refund status, recordkeeping, mistakes and what to do if you...
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Guidance: This Notice Provides an Extension of Time to Pay For Spouses of...
Notice 2010-30 provides an extension of time to pay tax until October 15, 2010 to civilian spouses of military service members working in American Samoa, Guam, the Northern Mariana Islands, Puerto...
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IRS Presents: Got a Tax Notice? Number 1 – Don’t Panic
The Internal Revenue Service sends millions of letters and notices to taxpayers every year. Here are eight things taxpayers should know about IRS notices – just in case one shows up in your mailbox....
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IRS Patrol: Haiti Relief Workers Qualify for Combat Zone Extension; Military...
WASHINGTON — Members of the military and certain civilians providing earthquake relief in Haiti have additional time to file their 2009 returns and pay any taxes due, the Internal Revenue Service...
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IRs Presents: What You Should Know About the Taxpayer Advocate
The Taxpayer Advocate Service is an independent organization within the Internal Revenue Service whose employees assist taxpayers who are experiencing economic harm, who are seeking help in resolving...
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IRS Issues Regulations on 10-Percent Tax on Tanning Services Effective July 1
WASHINGTON — The Internal Revenue Service today issued regulations outlining the administration of a 10-percent excise tax on indoor tanning services that goes into effect on July 1. The regulations...
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IRS Patrol: Home Buyer Credit – Closing Deadline Extended
Well, I’m a bit late in my reporting of this extension. Sorry about that. We’ve just returned from a really great vacation visiting the grand-baby. So here it is: The deadline for the completion of...
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IRS Patrol: IRS Requests Public Input on Expanded Information Reporting...
Stacie says: You have until September 29, 2010 to tell the IRS your thoughts on expanded reporting requirements for Form 1099 recipients. Check out the ways to submit your comments below: WASHINGTON...
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IRS Presents: Tanning Tax Is Here
Stacie says: July 1st kicked off the new tanning tax provision of the Affordable Care Act that we debated last year. You can catch up with the debate by reading these posts: An Interesting Rewrite for...
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IRS Patrol: Tax Assistance in Disaster Situations: July 17 is Gulf Oil...
WASHINGTON –– The Internal Revenue Service [recently] provided guidance to individuals and businesses affected by the oil spill in the Gulf of Mexico and announced a number of new efforts to help...
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IRS Presents: Five Facts about the Making Work Pay Tax Credit
1. This credit – still available for 2010 – equals 6.2 percent of a taxpayer’s earned income. The maximum credit for a married couple filing a joint return is $800 and $400 for other taxpayers. 2....
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IRS Presents: Six Tax Tips for New Business Owners
Are you opening a new business this summer? The IRS has many resources available for individuals that are opening a new business. Here are six tax tips the IRS wants new business owners to know. First,...
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IRS Patrol:IRS to Hold Special Open House Saturday, Sept. 25 for Veterans and...
Image via Wikipedia WASHINGTON — The Internal Revenue Service will host a special nationwide open house on Saturday, Sept. 25 to help taxpayers –– especially veterans and people with disabilities ––...
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Some Tax Payers Will Need to File Their 1040 Later Rather Than Sooner This...
Image by vj_pdx via Flickr By Stacie Clifford Kitts, CPA Heads up for all taxpayers eager to file your 2010 tax return. The IRS has announced that last weeks changes in the tax law ie the Tax...
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The IRS on Your IPhone – Really-Really? When Did They Find The Time?
Image via CrunchBase By Stacie Clifford Kitts, CPA I’ll say it. The IRS on your IPhone – Really – Really? Everybody’s got an app so I shouldn’t be surprised about the IRS’s latest announcement of...
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Proposition 30 California Tax Increase –Tax Penalty Waiver.
The Franchise Tax Board has announced that taxpayers affected by the retroactive personal income tax increase (Proposition 30), may pay the amount due with their 2012 tax return. Taxpayers subject to...
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IR-2013-88: Fast Track Settlement Program Now Available Nationwide;...
IR-2013-88, Nov. 6, 2013 WASHINGTON — The Internal Revenue Service today announced the nationwide rollout of a streamlined program designed to enable small businesses under audit to more quickly settle...
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