by Becky Gillette Published: April 15,2012
Tags: dividends, IRS, tax penalties, taxes, wages
So it is tax day, this year on April 17 due to a Monday Emancipation Day holiday on April 16. But you haven’t filed a return, or asked for an extension. If you have asked for an extension, you might not have paid the estimated taxes due. Any of those things could bode badly for [...] [...]
by Ike Trotter Published: April 8,2012
Tags: Form 8949, Ike Trotter, IRS, Roth IRA, tax season
Every year, the IRS enacts certain changes to the tax code; some large — but most fairly small. There are those situations, however, where some changes to the tax code don’t receive as much notice as they should. This year is no exception. Here is a rundown of what may affect some taxpayers this year. [...] [...]
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 [...] [...]
by Lynn Lofton 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 [...] [...]
by Nash Nunnery 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 [...] [...]
by Associated Press 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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