Posts Tagged ‘IRS’

New IRS rule offers tax relief to drywall victims

by Published: October 7,2010

Tags: drywall, IRS, Katrina, tax rule

Source: Press release Tax Agency Announces Instructions to Help Offset Costs of Repairing Corrosive Drywall WASHINGTON, D.C. – U.S. Senators Thad Cochran and Roger Wicker (R-Miss.) today suggested that Mississippians consult a new federal procedure that provides favorable tax relief for property losses associated with corrosive drywall. The Internal Revenue Service (IRS) has issued guidance […] [...]

Employment tax audits take center stage with Internal Revenue Service

by Published: August 8,2010

Tags: finances, IRS, tax audits

Started with individual returns, then business and partnership returns The Internal Revenue Service is extending its National Research Program to cover employment taxes and their contribution to the tax gap. Businesses could face random audits under the program as soon as this fall. This program began with a concentration on individual returns and then moved […] [...]

Whistleblowing on tax cheaters

by Published: March 14,2010

Tags: IRS, tax cheaters, TAX TIME

IRS wants to hear from you if you know someone playing fast and loose with the numbers   Everybody does it.  Or do they? Most people wouldn’t admit it if they fudged on their tax return but would you blow the whistle on someone else? If the answer is affirmative, the Internal Revenue Service wants […] [...]

Delta city owes IRS big tax check

by Published: March 2,2010

Tags: IRS, municipal government, taxes

METCALFE — Metcalfe Mayor Corey Holmes says the city has not remitted taxes to the government and now the Internal Revenue Service wants $200,000. Metcalfe and city attorney Bennie L. Richard say the money comes from federal income taxes the town failed to pay over a 10-year period. The taxes are from the withholdings of […] [...]

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