by Leif Jensen | Oct 29, 2011 | General |
IRS will now need a warrant to get taxpayer e-mails from an Internet provider, the agency’s lawyers say in a memo to the field. Agents must now go to court and get a judge’s approval. Before this ruling the IRS just needed an administrative summons to do the trick. ...
by Leif Jensen | Oct 29, 2011 | General |
Apparently the U.S. isn’t the only country interested in tax avoidance by high-incomers. The United Kingdom is planning a crackdown, advertising for 1,000 agents to closely check the tax compliance of the country’s 350,000 wealthiest taxpayers. IRS already has a squad...
by Leif Jensen | Oct 29, 2011 | General |
The Social Security wage base level for 2012 will increase to $110,100. This is a $3,300 increase over this year’s figure and the first increase since 2009. The wage base did not go up in 2010 and 2011 because the law bars any increase in the cap in years when...
by Leif Jensen | Oct 29, 2011 | General |
Apparently Treasury inspectors are estimating that tax filers erroneously (criminally) filed returns claiming educational credits and received $3.2 billion (yes billion with a “B”) in credits for 2009 and 2010. It appears that in many of these cases, IRS didn’t have a...
by Leif Jensen | Oct 28, 2011 | General |
For those who are able to good news in on the horizon. The maximum 401(k) contribution rises to $17,000 in 2012, up $500 over this year. Individuals born before 1963 can put in as much as $22,500. Theses contribution limits also apply to 403(b) and 457 plans as...
by Leif Jensen | Oct 27, 2011 | General |
Apparently the U.S. isn’t the only country interested in tax avoidance by high-incomers. The United Kingdom is planning a crackdown, advertising for 1,000 agents to closely check the tax compliance of the country’s 350,000 wealthiest taxpayers. IRS already has a squad...
