Tag Archives: irs

Your 2012 and 2013 Federal Tax Returns Are At Risk!

Today, National Taxpayer Advocate Nina E. Olson reported to Congress the issues that the Taxpayer Advocate Service (TAS) will focus on during the upcoming fiscal year. Olson, expressed particular concern, among other issues, about the taxpayer impact of expired and expiring … Continue reading

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IRS Enforcement of ObamaCare

As you may know, the IRS is supposed to be the agency to oversee enforcement of the new health care law, in the event that it does not get thrown out.  Perhaps the reasoning there was, they’ve been so good … Continue reading

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The Low Down on P&I

Most words and phrases don’t get an abbreviation or an acronym unless they’re used with a certain degree of frequency.  Unfortunately, in the tax debt business, “Penalties and Interest” has earned the nickname “P&I” because, yes, they are just that … Continue reading

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IRS Introduces Mobile App “IRS2Go 2.0″

If you own a smartphone, chances are you probably use it throughout the day to post, tweet, like, and follow. Maybe your addicted to Words with Friends or Angry Birds. You’re probably NOT ordering tax transcripts or checking on the … Continue reading

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IRS Seeks to Cut Spending with Employee Buyouts

The National Taxpayer Advocate released its annual report to Congress earlier this week. Their top complaint is that the IRS is severely underfunded, which is causing a number of problems, including an erosion of customer service and a dwindling of … Continue reading

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Newest Tax Gap Figures are Astounding

On Friday the IRS released its “tax gap” figures for tax year 2006. The previous measurement was five years earlier in 2001. The tax gap is the difference between what taxpayers should be paying and what is actually paid.  And … Continue reading

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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

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Chris Tucker Sheds Assets to Pay Back IRS

Chris Tucker, the actor best known for his work in the Rush Hour series of films, has been selling his properties in Florida to pay back what he owes to the IRS. Mr. Tucker owes $11.5 million in back taxes … Continue reading

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IRS May have to Make Do with Less in 2012

In difficult financial times, individuals are forced to take a good hard look at every single expense to make sure it is necessary.  And in the federal government, it’s no different.  Lawmakers are looking across the board at every service, … Continue reading

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