Information on tax problems and tax debt help
18
Aug
Today the Internal Revenue Service announced that interest rates for the fourth quarter of 2011 will decrease for the calendar quarter beginning Oct 1, 2011. The new rates will be: three (3) percent for overpayments [two (2) percent in the case of a corporation]; three (3) percent for underpayments; five (5) percent for large corporate [...]
17
Aug
As back-to-school time hits again, the Internal Revenue Service is reminding students and parents that are paying college expenses to keep receipts and be aware of benefits that are available to help offset college costs. Typically, these benefits apply to taxpayers or their spouses or a taxpayer’s dependent for whom an exemption is claimed on their [...]
17
Aug
The Internal Revenue Service is encouraging business taxpayers, associations and other interested parties to submit tax issues for resolution involving a controversy, a dispute or a potentially unnecessary burden on business taxpayers to the Industry Issue Resolution program (IIR). The objective of the IIR program, started in 2000, is to resolve business tax issues common to [...]
16
Aug
The Internal Revenue Service is reminding U.S. taxpayers that the 2011 Offshore Voluntary Disclosure Initiative (OVDI) will expire on Aug. 31, 2011. The 2011 OVDI was announced on Feb. 8, 2011, and follows the 2009 Offshore Disclosure Program (OVDP). The 2011 initiative offers clear benefits to encourage taxpayers to come forward rather than risk detection [...]
10
Aug
It’s back to school time of year again and many states give shoppers a break by offering periods of tax-free shopping on certain items including clothing, backpacks, school supplies and more. Here is a list of some of the states that are offering tax-free shopping over the next few weeks and the qualifying items: Texas [...]
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