Tag Archives: IRS

Bill my accountant

Under IRC 6672, the IRS can collect unpaid payroll taxes from anyone responsible for collecting or paying the employment taxes. This includes accountants as well. To read about a case that scares accountants, see Erwin, U.S. District Court, M.D. North … Continue reading

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Tax Season

The IRS opened the 2014 filing season on January 31st. This date will allow people to file their 2013 individual tax returns. Give us a call if you want us to file your taxes for you. Visit our website at … Continue reading

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Wait! Are you an employee?

The IRS and the Obama administration are making an effort to crack down on worker misclassification. Most employers would prefer to classify their workers as independent contractors in order to save on payroll taxes, benefits, insurance, and employment laws. However, … Continue reading

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New mileage rates? Hooray!

The IRS has issued the 2014 optional standard mileage rates used to calculate the deductable cost of operating an automobile. Beginning on January 1, 2014, the standard mileage rates for the use of an automobile will be: 56 cents per … Continue reading

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Is your spouse innocent?

When filing taxes, a husband and wife can file a joint return or separate returns. If they file a joint return, then each spouse is responsible for everything in the return and all taxes owed. However, a spouse can file … Continue reading

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October 15th Deadline Remains in Effect for Taxpayers Who Requested a Six-month Extension to File Tax Return

The Internal Revenue Service today reminded taxpayers that the Oct. 15 deadline remains in effect for people who requested a six-month extension to file their tax return. The current lapse in federal appropriations does not affect the federal tax law, … Continue reading

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Tax-filing and Payment Extensions Expire Oct. 15; Check Eligibility for Overlooked Tax Benefits; Choose e-file; Payment Options Available

The Internal Revenue Service today urged taxpayers whose tax-filing extension runs out on Oct. 15 to double check their returns for often-overlooked tax benefits and then file their returns electronically using IRS e-file or the Free File system. Many of … Continue reading

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Low-Income Housing Limits to Be Waived For Colorado Disaster Victims

The Internal Revenue Service announced today that it is waiving certain limitations for projects financed with low-income housing tax credits or exempt facility bonds so that owners and operators of these facilities anywhere in the nation can provide housing to … Continue reading

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Interest Rates Remain the Same for the Fourth Quarter of 2013

The Internal Revenue Service today announced that interest rates will remain the same for the calendar quarter beginning Oct. 1, 2013. 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 Provides Tax Relief to Victims of Colorado Storms

The Internal Revenue Service is providing tax relief to individual and business taxpayers impacted by severe storms, flooding, landslides and mudslides in Colorado. The IRS announced today that certain taxpayers in the counties of Adams, Boulder, Larimer and Weld will … Continue reading

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