Tax
Democratic Proposals for Revenue Raising
The proposal from the White House includes: Income surcharge for high income earners – basically a 5% surtax on Adjusted Gross Income…
IRS Releases Draft 2010 Estate Tax Return Instructions
The IRS has released draft instructions for the 2010 Form 706, the U.S. Estate Tax Return. Executors of estates of decedents who…
IRS Eliminates Innocent Spouse Two Year Limitation
From IR-2011-80, issued on July 25, 2011: The IRS launched a thorough review of the equitable relief provisions of the innocent spouse…
Act Now to Save GST Tax – Expires 12/31/10
On December 17, 2010 the President signed the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (the 2010 Tax Relief Act),…
AICPA Announces Taxpayer Education Website
The new website, which has been developed over the past year, is launching just days after President Obama called for fundamental reform…
IRS Announces 2011 Cost-of-Living Adjustments
In Revenue Procedure 2010-40, the IRS provides 2011 figures for many items in the tax code. Of particular note to my readers: The Annual…
AICPA issues Press Release Against Tax Strategy Patents
AICPA, U.S. PIRG Coalition Urges Congress to Ban Tax Strategy Patents Before Adjourning Inappropriate Patents Attempt Monopoly on U.S. Tax Code WASHINGTON…
Some NC IRS Offices to be Open Saturday June 5
From IR-2010-071: The IRS offices listed below will be open June 5 from 9 a.m. to 2 p.m. IRS staff will be…
When can I get rid of old tax records?
From our eNewsletter: Perhaps it’s a good thing that the April 15th tax deadline and the urge to spring clean coincide. It…
10 Ways to Attract an IRS Audit
With accompanying pictures, this article on Forbes.com gives us 10 things NOT to do with regard to our tax returns….
