Rubin on Tax: NEED MORE THAN ONE TAXPAYER


May 19th, 2012 - Posted by Charles Rubin
Taxpayers are requiring to have a taxpayer identification number to file returns and provide to payors, so that their tax data can be adequately tracked and reported. While most U.S. individuals will use their social security number, entities (such ...
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Start Getting Ready for Your 2012 Tax Return Now – Business


May 19th, 2012 - Posted by WDM Group PR Network
The end of financial year can be an exhausting time if you aren't prepared - so get ready now!
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Daily Kos: Mitt Romney demands tax returns from potential running


May 19th, 2012 - Posted by rss@dailykos.com (Jed Lewison)
Of course, while Mitt Romney wants to see the tax returns of his vice presidential candidates, he doesn't want you to see his. I'm sure he hopes you're not personally offended by that: It's just that he plays by a different set of rules than anyone ...
Daily Kos What do you think about this?
 

Time to become a tax resident in Spain | Olive Press Newspaper Spain


May 19th, 2012 - Posted by Eloise Horsfield (Reporter)
Finally pensioners with low monthly pensions will probably not have to pay any income tax as a result of their tax return. However, it is still recommended to submit one (even if the result is zero and no tax has to be paid), to enable them to take ...
Olive Press Newspaper Spain What do you think about this?
 

WHY SHOULD WE HAVE TO PAY THIS? OBAMA AND ROMNEY


May 19th, 2012 - Posted by Greta Van Susteren
The convention financing comes from a taxpayer fund that comes from the so-called $3 check-off — the little box on your tax return where taxpayers can dedicate $3 of their income tax to go toward public financing of political campaigns.
Gretawire What do you think about this?
 

E-nough!: NYC Letter: Joe Biden Is An Idiot XIX — Faking It


May 19th, 2012 - Posted by Damian
January 24, 2012 (WaEx) - Mitt Romney's 2010 tax return was released today, revealing made $2.98 million in charitable donations, out of his adjusted gross income of $21.6 million. That comes to about 14 percent of his adjusted gross ...
E-nough! What do you think about this?
 

CBJ: Marotta: How does marital status affect your federal taxes?


May 19th, 2012 - Posted by The Daily Progress
If Jennifer earned nothing, her standard deduction would be wasted on a tax return with no earnings. By getting married, she can use her deduction to reduce Joshua's tax burden. Even in this case, there may be ways to get the benefit and remain single.
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Start Getting Ready for Your 2012 Tax Return Now


May 19th, 2012 - Posted by EIN News (press release)
SYDNEY, AUSTRALIA, May 19, 2012 /24-7PressRelease/ -- Filing tax returns is not a task most people enjoy, but it is an essential part of being a citizen and is required each year by the government. While there might be a number of things you'd rather ...
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IRS helps in applications


May 19th, 2012 - Posted by Times Record News
"The Internal Revenue Service is helping minimize the time spent on the completion of the Free Application for Federal Student Aid (FAFSA) form by automating access to federal tax returns with the IRS Data Retrieval Tool," said Clay Sanford, ...
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Summer jobs introduce kids to Uncle Sam, taxes


May 19th, 2012 - Posted by Kansas City Star
That means that a youth who is listed as a dependent of another taxpayer can earn up to that much money and not have to file a federal tax return. Be sure to check state rules, however, because thresholds could be lower.
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Where is the tax return? – Yahoo! Answers


May 19th, 2012 - Posted by (author unknown)
My mother in-law just became legalized to work in …
answers.yahoo.com/question/index?qid... What do you think about this?
 

Tax Help Afforded By Amended Tax Return Form 1040X


May 19th, 2012 - Posted by (author unknown)
Amended return may provide tax help or create back taxes requiring tax resolution such as an offer in compromise.
www.resolvemytaxes.com/.../Tax-Help-Afforded-By-Amende... What do you think about this?
 

Gleim RTRP: Registered Tax Return Preparer: IRS RTRP


May 19th, 2012 - Posted by (author unknown)
The Gleim RTRP Review System with RTRP Gleim Online and Practice Exam. We guarantee you ...
www.gleim.com/accounting/rtrp/?...
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Always tax reform, never tax simplification


May 19th, 2012 - Posted by Joliet Herald News
I employ four people, including my wife, and have been doing my personal/business tax returns for 28 years. This year was the last straw. I actually began to revel in radical, subversive fantasies directed at the IRS and members of Congress.
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Identities stolen from deceased children


May 19th, 2012 - Posted by ActionNewsJax.com
Many parents who have lost a child find that when they go to file their tax returns and declare their deceased child as a dependant, someone else already has. "You can imagine a grieving parent and then suddenly goes to file their tax return and then ...
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Eduardo Saverin controversy: Slam the door on tax refugees


May 19th, 2012 - Posted by Los Angeles Times
If they cut themselves off from from the United States, I think we should reciprocate -- and severely limit their right to return to the country they have repudiated. But as commenters "benewman" and "Scotsgirl151" point out, some US citizens never do ...
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Alan Pflueger pleads guilty to filing false income tax return


May 19th, 2012 - Posted by Honolulu Star-Advertiser
By Star-Advertiser staff Car dealer Charles Alan Pflueger pleaded guilty in federal court this afternoon to filing a false income tax return for 2005 by not claiming as income personal and family expenses paid by his company. He faces up to three years ...
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Compromise tax plan still eludes Kansas lawmakers


May 19th, 2012 - Posted by Kansas City Star
That offer is expected to be taken up today when lawmakers return for a rare Saturday session. While Brownback has touted the tax cuts as the way to re-energize the Kansas economy, others fear the effect they might have on schools and services for ...
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GOP plan to cut taxes for 54 percent of Oklahomans


May 19th, 2012 - Posted by Boston.com
The measure is expected to be considered Monday by a Senate committee before it returns to the full House for a vote. The Tax Commission's analysis of the proposal shows the greatest percentage of taxpayers who would actually see a tax decrease ...
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GOP senator wants political parties to refund taxpayer money given to pay for


May 18th, 2012 - Posted by Washington Post
Taxpayers can voluntarily designate some of their taxes to cover publicly financed presidential campaign expenses. By checking a box on their income tax returns, individuals can provide $3 from their tax bill while married couples can contribute $6.
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Three Multistate Tax Alerts from McDonald Hopkins law firm –


May 18th, 2012 - Posted by MarketWatch (press release)
... an out-of-state seller who did not collect sales tax and had more than $100000 in total Colorado gross sales for the prior calendar year would have been required to: Colorado requires a consumer to file a sales or use tax return reporting all ...
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Ways and Means Eyes Tax-Exempt Hospitals


May 18th, 2012 - Posted by LifeHealthPro
(AP Photo/Petros Giannakouris) The Internal Revenue Service (IRS) seems to be heaping even more new tax return paperwork on nonprofit hospitals than Patient Protection and Affordable Care Act (PPACA) nonprofit hospital tax provisions require, ...
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LifeHealthPro
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US taxman extending reach abroad


May 18th, 2012 - Posted by TheChronicleHerald.ca
Anyone who is self-employed or is a partner of someone self-employed has until June 15 to file their tax return. Otherwise, if they owe, there is a penalty. In a confusing sense of order, of course, the taxes that you calculate you owe were due April ...
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With Facebook IPO in Spotlight, Brazilian Co-Founder Told Not to Return to US


May 18th, 2012 - Posted by Fox News
... the target of proposed legislation that bans him from returning to the US from Singapore, where he currently resides. The move is expected to save him hundreds of millions of dollars in taxes stemming from the company's initial public offering.
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ND oil tax 'Legacy Fund' has meager earnings


May 18th, 2012 - Posted by BusinessWeek
Schulz said Thursday the Legacy Fund was on track to earn a 2.5 percent annual return. It is invested in short-term US bonds, including Treasury debt and bonds guaranteed by government agencies, he said. "This is in line with what we expected," Schulz ...
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Tax man makes it hard to be an American


May 18th, 2012 - Posted by MarketWatch
“I now spend about $1000 per year to have an accountant prepare my US tax return,” reads one of the testimonials Serrato's group has gathered. “I generally owe little or no US taxes...I do not want to renounce my US citizenship.
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Man Arrested for Using Dead Preparer's Identity to File Tax Returns


May 18th, 2012 - Posted by Accounting Today
By Michael Cohn An Essex County, NJ, tax return preparer who allegedly filed hundreds of phony federal income tax returns using the identity of a dead return preparer whose business he bought was arrested by federal agents early Thursday morning.
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Using Your Tax Refund to Fund Your Retirement


May 18th, 2012 - Posted by Go Banking Rates
Some might even consider stacking away their tax return in an emergency fund, or paying down their credit card debt. Instead, you could put your money to work for you and use your refund towards your retirement savings, which will be worth much more in ...
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Wisconsin State Income Tax Overview


May 18th, 2012 - Posted by Tax Law Home (blog)
The Wisconsin Department of Revenue is responsible for overseeing the collection of state income tax for individuals. As with other states with a state income tax, this tax requires the filing of an income tax return separate from the federal income ...
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Follow your return through the IRS pipeline (part 2)


May 18th, 2012 - Posted by San Francisco Chronicle (blog)
The poor examiner must then figure out where the number should go (if the return is even processable). Finally, some are just lazy. Tax returns, with their myriad instructions, require lots of adding and subtracting. Preferring to do as little as ...
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San Francisco Chronicle (blog)
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Pub landlord has £2.6m taken from bank account after missing decimal point on


May 18th, 2012 - Posted by This is Money
By This Is Money Reporters A pub landlord was left with a tax bill for £2.6million - after he entered a decimal point in the wrong place. Steve Wilson only realised when he had entered his VAT return online for the King's Head pub in Wells, Somerset, ...
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This is Money
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Tips for Deducting Entertainment Expenses


May 18th, 2012 - Posted by Fox Business
By Bonnie Lee There are so many rules governing tax deductions, but the area riddled the most with rules is entertainment. And the IRS loves to audit this line item on a business tax return. An IRS auditor, while suppressing a chuckle, will ask you a ...
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Why You Should File Past-Due Tax Returns | Taxbrain TaxTips


May 18th, 2012 - Posted by (author unknown)
Not filing a tax return can cost you money, including failure to file penalty, losing your refund and EITC. If you're unable to fully pay any tax due on late returns, ...
blog.taxbrain.com/why-you-should-file-past-due-tax-returns/ What do you think about this?
 

San Antonio tax return biz had 96 percent success rate — at cheating


May 18th, 2012 - Posted by (author unknown)
The feds are seeking to shut down a Texas couple's tax return preparation business that is accused of underestimated clients' federal taxes by more than $2 ...
blogs.star-telegram.com/.../san-antonio-tax-return-biz-had-96-... What do you think about this?
 

Tax Return Preparer Headed to Jail for Close to Eight Years


May 18th, 2012 - Posted by (author unknown)
social-security-theft-crime-identity-theft.png Margaret Kirksey, a resident of Montgomery, Alabama, was sentenced May 8 in the Middle District of Alabama to ...
www.accountingweb.com/.../tax-return-preparer-headed-jail-cl... What do you think about this?
 

Covington must return tax proceeds city got by mistake


May 18th, 2012 - Posted by News Banner
We are working on the procedure to pay the taxes back to the parish,” Alexius said. The amount is about $300000, and Alexius said they hope to work out an agreement with the parish to pay back $100000 per year over the next three years. The tax forms ...
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So far, e-filing accounts for 75 percent of personal income tax returns


May 18th, 2012 - Posted by witf.org
A record-breaking 4.5 million Pennsylvanians electronically filed last year's personal income taxes. It's an all-time-high for the commonwealth, and a seven percent jump in the number of people who choose to get their tax refunds – or pay their ...
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ABC 3 Top Stories


May 18th, 2012 - Posted by WEAR
It's hard to believe, but millions of illegal undocumented immigrant workers are getting a bigger tax refund than you. Channel Three's Will Kennedy breaks down the issue in our waste watch report. It's a huge tax loophole providing billions of dollars ...
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WEAR
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Tax Returns as a Verification Tool: What the 8823 Guide Advises


May 18th, 2012 - Posted by Spectrum Admin
The 8823 guide makes numerous references to instances when a tax return can be useful in the verification process. Spectrum recommends owners obtain a copy of each applicant's most recent tax return or proof that the applicant is not ...
Spectrum Enterprises What do you think about this?
 

Fraser vs Pembina, part 1: Introduction and Background | Deep


May 18th, 2012 - Posted by Deep Climate
In general, the Fraser annual report provided little information of value, with highly general statements of accounts, forcing reliance on the sketchier information in the tax return or direct inquiries to supporting companies. Pembina's tax return is ...
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Livingston Man Arrested for Tax Fraud, Identity Theft – Livingston, NJ


May 18th, 2012 - Posted by Scott Egelberg
Todd P. Halpern is charged with stealing the identity of a deceased tax preparer and redirecting returns into his own personal bank account.
Livingston Patch What do you think about this?
 

What To Do If You Haven't Filed Your Income Tax Return | TurboTax


May 18th, 2012 - Posted by Nikole at TurboTax
What To Do If You Haven't Filed - file! Don't get caught paying any of these CRA penalties or interest fees by filing your Canada Income Tax Return on time.
TurboTax Canada Blog What do you think about this?
 

Estimated tax payments small business


May 18th, 2012 - Posted by Nellie Akalp
Alternatively, if you expect the current year's earnings to be relatively similar to last year, you can use last year's tax return to calculate your estimated payments. Or if you experience fluctuating income, you can choose to calculate your ...
Small Business News, Tips, Advice... What do you think about this?
 

Illinois ~ Corporate Income Tax: Subsidiary Cash Sharing Was


May 18th, 2012 - Posted by CCH
A parent corporation could not amend an Illinois corporate income tax return that listed all of its domestic subsidiaries as part of a unitary business group in order to report its packaging subsidiary as a separate entity, while keeping its filtration ...
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Minnesota Income Tax Marriage Credit | Overview


May 18th, 2012 - Posted by Twin Cities Law Firm
Information about these forms of income is readily available to both taxpayers and the Department of Revenue through W-2 forms filed by employers and through reporting of self-employment income for Social Security tax purposes.
Minnesota Attorney What do you think about this?
 

NJ Man Charged with Using Dead Tax Preparer's ID


May 18th, 2012 - Posted by Townsquare News Network
Prosecutors say Halpern prepared and electronically filed 657 fraudulent federal income tax returns from 2009 through 2010. He allegedly used the identification number of a dead tax return preparer from A & V Financial of Guttenberg, ...
New Jersey 101.5 What do you think about this?
 

Wading through the treacle of bureaucracy without a paddle


May 18th, 2012 - Posted by Rob Fisher (Surrey)
If you're self-employed on a temporary or part-time basis you must register for business taxes with HM Revenue & Customs (HMRC) as soon as you start work. You'll have to complete a Self Assessment tax return and are responsible for ...
Samizdata.net What do you think about this?
 

Just Because the IRS Fails to Respond to Your Nonsensical Letters


May 18th, 2012 - Posted by WithumSmith Brown, CPAs
Holloway was so certain of this fact, he not only failed to file a tax return for the 2002-2006 tax years, he took a proactive approach to tax evasion by writing letters to the IRS explaining that his wage income was not taxable under his read of the ...
Double Taxation: A Take On All... What do you think about this?
 

Lane Kiffin earned $2.4 million, Kevin O'Neill $1.7 mil in 2010


May 18th, 2012 - Posted by Los Angeles Times
By Gary Klein USC football Coach Lane Kiffin earned about $2.4 million, basketball Coach Kevin O'Neill about $1.7 million and assistant football coach Monte Kiffin about $1.5 million in total compensation in 2010, according to USC's federal tax return.
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New Jersey business news: PSEG CEO rings NYSE bell, Boscov's in Woodbridge


May 18th, 2012 - Posted by The Star-Ledger - NJ.com
Federal authorities have charged a New Jersey man with using the identification of a deceased tax preparer to fill out fraudulent tax returns. New Jersey's US Attorney announced today that 46-year-old Todd P. Halpern of Livingston faces tax fraud and ...
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The Star-Ledger - NJ.com
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