The IRS is now offering a Free File program for certain taxpayers. The Free File program is a partnership between the Internal Revenue Service and several tax preparation software companies (joined together as the Free File Aliance LLC). Since the debut of this program, more than 19.2 million income tax returns have been filed [...]
Category Archives: IRS Musing
Common Tax Goofs Cause Major Problems
I was recently reading an article online that listed some of the most common tax return "goof ups" that caused taxpayers problems. Among some of those were claiming the wrong filing status, abusing or omitting your earned income credit, putting the incorrect social security number on the tax return, not reporting all of your [...]
IRS Offers Update Regarding Filing Timelines for Alternative Minimum Tax Patch
On December 19, 2007, Congress passed the Tax Increase Prevention Act of 2007 "patching" the Alternative Minimum Tax, and the legislation was recently signed into law by the President. This "patch" will effect approximately 13.5 million taxpayers in the United States. Basically, the patch increased the Alternative Minimum Tax exemption for all filing statuses [...]
Is FedEx getting into some IRS Trouble?
Recently, we completed a series about the differences between independent contractors and employees and the repercussions on employers who mis-classify their workers as independent contractors rather than employees. Here’s the link to the Independent Contractor vs. Employee series wrap-up. Today, the Taxgirl, Kelly at www.taxgirl.com has a blog post regarding the FedEx lawsuit [...]
Should Medical Providers Who Owe Back Taxes Continue Receiving Medicaid Funds for Their Services?
The Government Accountability Office recently began to investigate the "tax gap" found where medical providers owe over $1 Billion in back taxes, however, they continue to receive Medicaid payments for services provided to the over 55 million Medicaid participants. The problem the IRS seems to run into in this situation is that Medicaid [...]
Can You Give Thanks for Taxes or the IRS?
As we get ready to celebrate the Thanksgiving holiday I am and will be doing what most Americans are and thinking of the things that I am thankful for in my life. Included in my list are Christ, my family and friends, fulfilling work, and there is much more that I am sure I [...]