Category Archives: General

Beware of IRS’ 2010 “Dirty Dozen” Tax Scams

The Internal Revenue Service issued its 2010 “dirty dozen” list of tax scams, including schemes involving return preparer fraud, hiding income offshore and phishing. “Taxpayers should be wary of anyone peddling scams that seem too good to be true,” IRS … Continue reading

Posted in General, Taxation | Leave a comment

Five Tips to Avoid Tax Time Stress

Filing your tax return doesn’t have to be stressful.  The IRS has put together five stress-relieving tips to help you. 1. Don’t Procrastinate Resist the temptation to put off your taxes until the very last minute. Rushing to meet the … Continue reading

Posted in General, Individual, Taxation | Leave a comment

Seven Things You Should Know About Checking the Status of Your Refund

Are you expecting a tax refund from the Internal Revenue Service this year?  If so, here are seven things you should know about checking the status of your refund once you have filed your federal tax return. 1. Online Access … Continue reading

Posted in General, Taxation | Leave a comment

IRS Announces Qualified Disaster Treatment for Haiti

The Internal Revenue Service issued guidance that designates the earthquake in Haiti in January 2010 as a qualified disaster for federal tax purposes. The guidance allows recipients of qualified disaster relief payments to exclude those payments from income on their … Continue reading

Posted in General, Individual, Taxation | Leave a comment

IRS Seeks Comments from Government Agencies at Upcoming Public; Forum on Proposals to Advance Tax Preparer Performance Standards

The Internal Revenue Service announced the second in a series of public forums will be held on Wednesday, Sept. 2, in Washington, D.C., and feature a panel of federal and state officials, moderated by IRS Commissioner Doug Shulman. The panel … Continue reading

Posted in General, Taxation | Leave a comment

SBA and the ARRA

Understanding the SBA Programs in the Recovery Act • For small businesses, the Recovery Act temporarily eliminates SBA guaranteed 7(a) and 504 loan fees and offers tax benefits. For lenders, it temporarily eliminates loan fees on Section 504 loans. The … Continue reading

Posted in Business, General | Leave a comment

IRS Alerts Public to New Identity Theft Scams

The Internal Revenue Service reminds consumers to avoid identity theft scams that use the IRS name, logo or Web site in an attempt to convince taxpayers that the scam is a genuine communication from the IRS. Scammers may use other … Continue reading

Posted in General, Taxation | Leave a comment