Taxes
IRS Audit: What to Watch Out For; The Self-Employed Are in the Bullseye
According to latest reports, the Internal Revenue Service, or IRS, is increasing the total number of income tax returns selected for audit. But it isn? Read more →IRS Audits and the Percentages
For most Americans, the mere suggestion of an IRS audit is enough to require the changing of the pants. So, what percent chance do you have of an IRS audit? Read more →IRS Certifies 2006 Toyota Hybrid for Clean Fuel Deduction
The Internal Revenue Service has certified the 2006 Toyota Highlander Hybrid as being eligible for the clean-burning fuel deduction. This certification means that taxpayers who purchase one of these hybrid vehicles new during calendar year 2005 may claim a tax deduction of up to $2000 on Form 1040. Read more →IRS Continues With Collection Plan
Within two weeks, the IRS will turn over data on 12,500 delinquent taxpayers to three collection agencies. The agencies will handles debts of $25,000 or less, with larger debts pursued by the IRS. Read more →IRS Crushes Credit Counseling Groups Claiming Non-Profit Status
Many credit counseling groups claim they are in it just to help you and not make a profit as indicated by their charitable organization status. The IRS is not happy. Read more →IRS Dictates Employee Withholding Amounts
The IRS has set up a program where it can dictate to an employer what an employee can withhold from their paycheck for Federal Income Tax purposes without any input from the employee and without a court order. Read more →IRS E-Filing; Is It Helping Our Government Collect Taxes?
If you'll recall back in 2001 the new IRS electronic filing was getting to be very popular and it was touted in being able to help the government collect more money. Read more →IRS Extends Tax Deadlines for Katrina Victims
Following Katrina, the IRS acted quickly to relieve victims of any tax burdens. One step was to extend any tax filing dates to late October and now those dates have been extended again. Read more →IRS Fast Track Settlement Program For Businesses
The tax code is insanely complex. If you are a business having a dispute with the IRS, the fast track settlement program may present you with an option for resolving it quickly. Read more →IRS Gets Tough on Collection of Large Tax Debts
The Federal budget deficit is big and getting bigger. As you may be aware, our political leadership in both parties is not fond of cutting spending despite what they may say to voters from time to time. Read more →← Previous Next →
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Aphorism
Buy right and hold tight.
John Bogle