Feb

20

Filing Tips

It is 11 p.m. on April 15th, and you have finally finished preparing your income taxes. But before you grab your coat and head off the to post office, where you know you will have to wait in line e.....

Feb

15

Abusive Tax Return Preparers

The Internal Revenue Service is at war with abusive tax return preparers who frequently prepare bad returns for large numbers of taxpayers who end up paying additional taxes and interest. In additi.....

Jan

30

Property Tax Assessment Methods

State and local property tax statutes have a common goal, which is to ensure that owners bear an equal proportion of the tax burden in relation to other owners based on the relative value of their .....

Jan

23

Taxation of Payments Made to Volunteers

As a volunteer worker in the Peace Corps or similar agencies, you most likely will receive certain payments in the form of allowances or reimbursements. The Internal Revenue Service has provided th.....

Jan

16

Social Clubs

Under the Internal Revenue Code, certain organizations and programs are exempt from income taxation. One type of organization that frequently seeks tax-exempt status is the social club.

Jan

11

Partnership Anti-abuse Provisions

The Internal Revenue Service has the authority to disregard the partnership form of an entity if the operations of the business are found to be inconsistent with the intent of the partnership tax s.....

Dec

30

Reparation Payments

Congress has specifically excluded from gross income payments received after January 1, 2000 by individuals who suffered Nazi persecution during World War II or by their heirs or estates. These exc.....

Nov

30

Taxation of Foster Care Payments

As the provider of foster care, you may be entitled to exclude certain payments for the care of "qualified foster individuals" from your gross income. A qualified foster individual is a person who .....