Breaking from all past tradition, this election year the American people have chosen to elect the presidential candidate, in this case the incumbent President Obama. Now that we know President Obama will remain in the white house, questions are beginning to arise about how our...
As tax season looms, it is important that you know how you are going to pay your taxes on time. You want to make sure that you can avoid the late fees or trouble with the law that come with not getting your taxes filed and submitted on time, but it is also important that you...
The IRS is attempting to develop a real time system for tax reporting – the goal of the IRS is to put itself on the front-end of the returns preparation and submission chain, not the back end. Commissioner Doug Shulman refers to his vision as an “up-front tax system.” The...
What has been the IRS's reaction to the recession? IRS issued a Policy Statement on January 6, 2009 addressing collection issues. IRS Commissioner Shulman stated: "Times are tough for many people, and the IRS wants to do everything possible it can to help people who have lost...