by Leif Jensen | Feb 18, 2012 | General |
If you one of the people who purchased a home in 2008 and received the first-time home buyer credit, beware the IRS is no longer mailing letters to remind you about the recapture of the credit. For home buyers in 2008, the credit was in reality an interest-free loan...
by Leif Jensen | Feb 18, 2012 | General |
Apparently a client who relied upon an attorney to file an estate tax return won’t avoid a penalty, according to a district court. An executor hired a lawyer to do the estate’s return, but the attorney had a mental illness and the 706 was filed over three years late. ...
by Leif Jensen | Feb 18, 2012 | General |
Partnerships can furnish K-1s to their partners electronically, according to the IRS. But there are some prerequisites that need to be met. The partners must approve the e-delivery first and the partnership are required to inform its owners that a paper form will be...
by Leif Jensen | Feb 18, 2012 | General |
The IRS has created a new form to assist taxpayers in filing a complaint against tax preparers. It’s an interesting form. It is unfortunate that we need to have such a form.
by Leif Jensen | Feb 18, 2012 | General |
Here are the projected levels for the Social Security wage base for 2013 $114,000, up $3,900 from this year’s ceiling. This is President Obama’s official budget forecast, based on data from the Social Security Admin. The long range estimates are: $119,100 for 2014...
by Leif Jensen | Feb 13, 2012 | General |
This joke has been floating around on the internet for quite a while. They sent my Tax Return back! AGAIN!!! In response to the question: “List all dependents?” I replied – “12 million illegal immigrants; “3 million crack heads; “42 million unemployable people...
