2010 Individual Income Tax Rates
These tax rate schedules are provided to help you estimate your 2010 federal income tax. To compute your actual income tax, see the instructions for the 2010 Form 1040, 1040A or 1040EZ when they become...
View ArticleNot Filing is a Criminal Offense: Get Back in Good Standing
IRS More Aggressive in Finding Non-Filers The IRS has recently stepped up its non-filer program and is more aggressively seeking to bring delinquent taxpayers into compliance. Non-Filing is a Crime...
View ArticleBack Taxes
If you owe the IRS back taxes and/or haven’t filed your tax returns in several years, you are probably having a hard time sleeping at night. Either that or you’ve moved to Canada. Most people who are...
View ArticleIRS to Audit More Taxpayers in 2011
The Obama administration has said that it is dedicated to closing the tax gap i.e. the difference between what taxpayers should pay in taxes and what they actually do pay in taxes. The IRS estimates...
View ArticleIndividual Tax Planning and Return Preparation
Every American or legal resident who makes a living has to file a Federal income tax return. There are always things that can be done during the year and particularly at year end that will either help...
View ArticleIRS Offers Taxpayers PIN #’s to Prevent Theft of Refunds
You use them at ATM’s; you use them at your bank; you use them at the grocery store. Now, you will use them to access your tax refund with the IRS. In an effort to crack down on taxpayer identity theft...
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Just won the Florida Lottery? Uncle Sam congratulates you
Congratulations, just don’t reserve that round-the-world- cruise quite yet. According to state of Florida lottery laws, winnings of just $600 or more must be collected at a Florida Lottery District...
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Uncle Sal preparing your taxes this year? 5 signs to make you reconsider
As Americans start gathering their 2012 tax documents for the annual pilgrimage to their tax preparers office, here are 5 signs your tax preparer may be trouble waiting to happen. As Brian O’Connell,...
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Win big in the office Super Bowl pool? Don’t forget to tell the IRS
We have all done it. Participated in the office pool for the Super Bowl. I once won $250 a few years back by betting $20 on my team to win. Should I have reported those winnings to the IRS? Good...
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