Category Archives: General

Top Tips Every Taxpayer Should Know about Identity Theft

Identity theft often starts outside of the tax administration system when someone’s personal information is unfortunately stolen or lost. Identity thieves may then use a taxpayer’s identity to fraudulently file a tax return and claim a refund. In other cases, … Continue reading

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Interest Rates Remain the Same for the First Quarter of 2012

The Internal Revenue Service announced that interest rates will remain the same for the calendar quarter beginning Jan. 1, 2012. The rates will be: three (3) percent for overpayments [two (2) percent in the case of a corporation]; three (3) … Continue reading

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IRS Urges Taxpayers to Avoid Becoming Victims of Tax Scams

The Internal Revenue Service encouraged taxpayers to guard against being misled by unscrupulous individuals trying to persuade them to file false claims for tax credits or rebates. The IRS has noted an increase in tax-return-related scams, frequently involving unsuspecting taxpayers … Continue reading

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Prepare for Hurricanes, Disasters by Safeguarding Tax Records

The 2011 hurricane season starts today, and the Internal Revenue Service encourages individuals and businesses to safeguard themselves against natural disasters by taking a few simple steps. Create a Backup Set of Records Electronically Taxpayers should keep a set of … Continue reading

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One Billion Served: IRS E-File Passes Major Milestone

IRS e-file has reached a major milestone as it passed the one billion mark for individual tax returns processed safely and securely since 1986. The Internal Revenue Service’s electronic filing program started as a pilot project in 1986 and became … Continue reading

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IRS Office of Professional Responsibility Prevails on Appeal Against CPA

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Use Your Federal Tax Refund to Buy Savings Bonds

You can buy Series I U.S. Savings Bonds with a portion or all of your federal tax refund for yourself or anyone. Series I bonds are low-risk bonds that grow in value for up to 30 years. While you own … Continue reading

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Ways to Obtain IRS Forms and Publications

The Internal Revenue Service has free tax forms and publications on a wide variety of topics.  Due to the continued growth in electronic filing, the availability of free options to taxpayers and efforts to reduce costs; the IRS will no … Continue reading

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IRS Seeks New Issues for the Industry Issue Resolution Program

The Internal Revenue Service is encouraging business taxpayers, associations and other interested parties to submit to the Industry Issue Resolution (IIR) program tax issues for resolution involving a controversy, a dispute or an unnecessary burden on business taxpayers. The objective … Continue reading

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What You Need to Know About the 2010 IRS Nationwide Tax Forums

The 2010 IRS Nationwide Tax Forums are three-day events that provide tax professionals with the most up-to-date information on federal and state tax issues presented by IRS experts and partner organizations. Here are nine things enrolled agents, certified public accountants, … Continue reading

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