Tax Law Changes

Philadelphia Tax Amnesty Ends June 25th – Act Now!

June 2, 2010

Philadelphia has a tax amnesty program in order to recoup back taxes owed by taxpayers. The program ends June 25th. Read More

IRS Could Take Refunds for Health Insurance Penalties

April 9, 2010

The IRS could delay or even seize Federal tax refunds for taxpayers failing to comply with new government regulations in the healthcare bill that requires individuals to have… Read More

How the New Healthcare Bill Expands IRS Authority

April 8, 2010

With the passage of the new Healthcare bill by Congress, the IRS will have much more power than before. Examples, include docked refunds for failing to buy insurance,… Read More

Income Tax Settlement More Likely This Year, According to IRS

March 10, 2010

The IRS had pledged to be more flexible with taxpayers this year by easing standards or rules on various tax settlements including an Offer In Compromise. The IRS… Read More

Tax Relief for Disaster Victims

February 10, 2010

After a disaster it is safe to say that bills and other expenses can begin to add up fast. In this case, you need to know where you… Read More

IRS Creates Global High Wealth Unit & Adds More Offices Worldwide

December 14, 2009

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,… Read More

Making Work Pay Credit Will Most Likely Cause IRS Back Taxes

November 19, 2009

At the beginning of this month, the Treasury Inspector General released a report describing the negative effect that reduced withholding associated with the Making Work Pay Credit (MWPC)… Read More

IRS Gives Tax Evaders Until October 15th to Fess Up

September 23, 2009

A couple days ago, the IRS extended their deadline for taxpayers with hidden offshore accounts to voluntarily come forward and report any account over $10k. This pushed back… Read More

Maryland Tax Amnesty Will Last for 2 Months

August 31, 2009

This week, the State of Maryland will start their program "Maryland's Tax Do Over" that will last from September 1st through October 30th, for Maryland taxpayers who did… Read More