The IRS received a budget increase from President Obama and congress to help with tax compliance earlier this year. The IRS is using those funds wisely.
Doug Shulman, the IRS Commissioner made a speech at a Conference recently announcing a few changes or increased efforts regarding offshore accounts including a new “Global High Wealth Industry” group [...]
Filed under: Amending Tax Return, Tax News | Comment (0)
The Oregon State legislature approved SB 880, on 6/29/09 that provides tax amnesty for state taxpayers and businesses with back taxes stemming from 2007 or later. Taxpayers who need to file or amend a tax return may complete and send in an application before the November 19th deadline (it started October 1st, 2009) in order to abate or remove penalties. Moreover, those who come forward will also benefit because the total interest amount due will be cut in half. The Oregon State Department of Revenue (ODR) states as well unfiled taxes return or tax returns that need to be amended must be filed before 1/19/2010.
Filed under: Amending Tax Return, Tax News, Unfiled Taxes | Comment (0)
Understand how you can prevent back taxes by reporting any winnings to the IRS from gambling, betting, raffles, lotteries and more.
Filed under: Amending Tax Return, Filing Taxes | Comments (2)