Monthly Archives: December 2011

IRS Waste

Maybe Big Brother should conduct an audit on IRS year-end activities because I think they would identify some areas of concern. I already blogged about contacting the IRS in December, and how it should be avoided if possible. But what … Continue reading

Posted in IRS News & Info | Leave a comment

IRS Claims Erroneous Refund Issued to Hal Steinbrenner

No doubt the Steinbrenners can still stir up controversy. This time it’s tax problems. The Justice Department has sued Harold “Hal” Steinbrenner, co-owner of the New York Yankees and son of the late George Steinbrenner, over a $670,000 refund that … Continue reading

Posted in Baseball, Busted | Tagged , , | Leave a comment

Does the IRS Celebrate Christmas?

IRS employees are given a paid day or two off around Christmastime, so we know that the IRS observes Christmas in that manner.  The US Office of Personnel Management (www.opm.gov) is the official source for federal holidays, and this year, … Continue reading

Posted in IRS News & Info | Tagged , , | Leave a comment

Avoid Calling the IRS in December

December is by far the worst time to try to communicate with the IRS about your tax debt. The Second-Stringers I have not noticed that the telephone wait times are much different in December. Perhaps there are more IRS representatives … Continue reading

Posted in Tax Tips | Tagged , , , | Leave a comment

Deal Finally Struck on Payroll Tax Cut Extension

It appears that Congress will be able to go home for Christmas after all. They finally struck a deal in Washington and narrowly avoided an automatic increase in the payroll tax rate. House Republicans, under severe pressure from the White … Continue reading

Posted in Tax Legislation | Tagged , | Leave a comment

Hot off the Press: New IRS Publication 17

IRS Publication 17 contains a whole host of information on filing your 2011 individual federal income taxes. It is the number one source for basic tax filing information, especially handy for those who plan on filing their taxes themselves (without … Continue reading

Posted in IRS News & Info, Tax Tips | Tagged , , | Leave a comment

Time is Running Out on the Payroll Tax Extension

Further payroll tax relief may have to wait.  Most Americans who have been following the story probably thought a two-month extension of the payroll tax cut was the best that could be arranged for now and it was a done … Continue reading

Posted in Tax Legislation | Tagged , | Leave a comment

Another Co-conspirator in the Madoff Scheme

Today Enrica Cotellessa-Pitz, Bernie Madoff’s former controller, pleaded guilty to conspiracy, falsifying books and records, and making false filings with the Securities and Exchange Commission. She could spend up to 50 years in prison. Cotellessa-Pitz said she started working at … Continue reading

Posted in Tax Crimes | Tagged , , , , | Leave a comment

Long-term Payroll Tax Cut Decisions Postponed

The Senate approved a mere two-month extension of the payroll tax cut today, which still has to get through the House. Senate approved a $33 billion package to extend unemployment benefits, extend a payroll tax holiday for millions of American … Continue reading

Posted in Tax Legislation | Tagged | Leave a comment