by Leif Jensen | Jul 18, 2011 | General |
According to the WSJ; the size of the country’s fastest-growing aspect of the population has increased 43% since 2000, and more than doubled since 1990, to 50.5 million last year, when Hispanics accounted for nearly one in six U.S. residents and for 23% of people...
by Leif Jensen | Jul 14, 2011 | General |
The Internal Revenue Service continues to fail in stopping many bogus claims for residential energy credits, according to Treasury inspectors. They found that the Service didn’t balk at credits taken on returns by people who didn’t own a residence, were under the age...
by Leif Jensen | Jul 10, 2011 | General |
A donor who didn’t meet the substantiation rules for a charitable contribution of a land easement pursuant to a settlement agreement he reached with a county to limit any future development of his property. The Tax Court denied his write-off because he did not get a...
by Leif Jensen | Jul 10, 2011 | General |
The IRS will not allow preparers take their fees from taxpayer refunds after all. This would put preparers at odds with their clients. We spend time with our clients trying to determine if they are withholding too much to begin with. If we expected to get our fees...
by Leif Jensen | Jul 10, 2011 | General |
Had you settled for a job just to have one? And have been able to finally find another job midyear? you may have overwithheld Social Security tax. If your pay from two or more different employers exceeds the Social Security withholding limit of $106,800, you can...
by Leif Jensen | Jul 10, 2011 | General |
Tax preparers with no credentials who pass IRS’ competency test will be able to prepare all types of tax returns, according to the the IRS. Even though the upcoming testing will only cover only the 1040 series of returns and their schedules, folks who pass the exam...
