Information on tax problems and tax debt help
23
Aug
The Internal Revenue Service recently announced that a new online application system for compensated tax return preparers is expected to go live in September. The proposed regulations will require anyone who receives compensation for preparing federal tax returns to have a Preparer Tax Identification Number (PTIN) for all federal returns or significant amount of returns [...]
16
Aug
Melissa Gallo of Larson Financial, Inc. has been accepted as a member of the American Society of Tax Problem Solvers (ASTPS). ASTPS is a national, not-for-profit organization of professionals who specialize in representing taxpayers before the IRS. Members of ASTPS are up to date on the latest methods and strategies in dealing with the IRS [...]
11
Aug
The IRS is ending its policy of releasing information regarding back taxes and debts taxpayers owe. This information, called “debt indicators,” has been included on acknowledgments the IRS sends tax preparers when it receives returns filed electronically. The information serves as a warning that some or all of a person’s refund can be held to [...]
2
Aug
Shop Maryland Week is set to run from August 8-14. Beginning in 2010, the State of Maryland will offer one week of sales tax exempt shopping for qualifying apparel and footwear priced at $100 or less. The tax exemption applies to any qualifying item whose purchase price is less than $100, even if the total [...]
The information provided on this Site is for general guidance and to offer the user general information on particular subjects of interest. It is not intended to constitute legal, accounting, tax or other professional advice or services. To the extent that this Site concerns tax matters, it is not intended to be used and cannot be used by a taxpayer for the purpose of avoiding penalties that may be imposed by law.