Information on tax problems and tax debt help
28
Jul
The IRS has announced that there is a one-time relief program available to small non-profits and charities that are at risk of losing their tax-exempt status. If a tax-exempt organization has not satisfied annual filing requirements for the last three consecutive years, they will automatically lose tax-exempt status. The relief program offers two types of [...]
28
Jul
Larson Financial, Inc., a tax debt resolution firm headquartered in Broomfield, CO, joined approximately 3,500 others in this past weekend’s quest to raise organ and tissue donation awareness. The Donor Alliance’s 11th Annual Donor Dash took place on July 18th in Denver’s Washington Park. Larson Financial had an enthusiastic team of employees taking part in [...]
13
Jul
The Internal Revenue Service has recently released the Revised Form 941 for 2010: Employers Quarterly Federal Tax Return to file in regards to the Hiring Incentives to Restore Employment Act (HIRE Act), signed into law on March 18, 2010 by President Obama. The HIRE Act gives two new tax breaks to employers who hire workers [...]
9
Jul
Among other things being targeted in a report to Congress, Nina E. Olsen, National Taxpayer Advocate, has expressed concern about declining taxpayer services and overly strict IRS collection practices that do not gross significant revenue gains. In recent years more taxpayers have been contacting the IRS for assistance and education while overall funding for taxpayer [...]
9
Jul
On July 2, 2010 President Obama signed the Homebuyer Assistance and Improvement Act of 2010, which extends the closing deadline from June 30th to September 30th for eligible homebuyer tax credit. To qualify for the First Time Homebuyer credit eligible homebuyers must have bought or entered into a binding contract on a principle residence by [...]
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