Former IRS Agent Sentenced to Jail
Thursday November 30, 2006
A former Internal Revenue Service employee was convicted of conspiring with businesses to conceal cash transactions. From the San Francisco Chronicle:
"A former Internal Revenue Service revenue agent in San Jose ... Read More
Finding a Tax Professional
Wednesday November 29, 2006
Taxpayers of all types can benefit from hiring a tax accountant. An experienced tax pro should reduce the amount of time you need to spent on your taxes, will ensure ... Read More
IRS Certifies Four Additional Cars for Hybrid Tax Credit
Friday November 24, 2006
The Internal Revenue Service certified four additional vehicles for the hybrid tax credit. The Honda Civic GX is certified for a $4,000 tax credit since the car relies solely on ... Read More
IRS Offers Settlement for Foreign Embassy Staff
Monday November 20, 2006
The Internal Revenue Service has announced a limited-time-only settlement for US-based employees and former employees of foreign embassies, consulates, and other international organizations. "The IRS estimates that as many as ... Read More
$92 Million in Missing Tax Refunds
Thursday November 16, 2006
If you haven't received your 2005 tax refund, listen up. The IRS wants to give you your money.
The Internal Revenue Service has refund checks for 95,746 taxpayers, with the average ... Read More
Honda Hybrids Still Qualify for Full Credit
Thursday November 16, 2006
The Internal Revenue Service has announced that Honda hybrid cars are still eligible for the full hybrid tax credit amount. Earlier, the IRS announced that General Motors cars and trucks ... Read More
IRS Raises User Fees for Installment Agreements
Monday November 13, 2006
It's going to get more expensive to set up a monthly payment plan with the IRS. Starting January 1, 2007, taxpayers will pay more to set up an installment agreement ... Read More
Companies Must Keep Track of Per Diem Expenses
Saturday November 11, 2006
The Internal Revenue Service issued guidance for companies that reimburse employees for meals, travel and incidentals on a per diem basis. Companies that fail to gather substantiate per-diem expenses paid ... Read More
New Tax Blog Network
Saturday November 11, 2006
TaxBlogger.org is a new network of journalists and tax practitioners to collaborate on important tax topics. TaxBlogger is being organized by humor writer Taxalicious. Their motto: "TaxBlogger.org is a loose ... Read More
General Motors Hybrids Still Qualify for Full Credit
Friday November 10, 2006
The Internal Revenue Service has announced that GM hybrid cars and trucks are still eligible for the full hybrid tax credit amount. The announcement came on the same day that ... Read More
IRS Releases 2007 Tax Figures
Thursday November 9, 2006
The Internal Revenue Service has announced various figures for the 2007 tax year. All these figures are indexed for inflation, and are updated annually by the IRS. Among the updated ... Read More
Democrat's Tax Policies
Wednesday November 8, 2006
Democratic party leaders have hinted at a new direction for tax policies now that they have regained control of the House of Representatives. Reuters has summed up the political environment ... Read More
Election Day Tax Issues
Tuesday November 7, 2006
In honor of Election Day, here's a roundup of what tax experts have to say about tax issues on various ballots.
Tax professor Paul Caron has linked to reports from the ... Read More
Carnival of Tax #6 is Up and Running
Monday November 6, 2006
Prolific tax journalist Kay Bell has posted the sixth edition of her Carnival of Tax. This month's carnival focuses on tax issues in various state and local elections. One of ... Read More
Foreign Earned Income Exclusion Increases for 2006
Friday November 3, 2006
The Internal Revenue Service has made several announcements for US citizens living and working abroad. First, the foreign earned income exclusion for 2006 has been set at $82,400. The IRS ... Read More
Wesley Snipes Settles with the IRS
Friday November 3, 2006
Actor Wesley Snipes has reportedly agreed to pay his taxes to the IRS and will avoid jail time for failing to file his tax returns and attempting to claim false ... Read More
Standard Mileage Rates for 2007
Wednesday November 1, 2006
The Internal Revenue Service has announced the standard mileage rates for tax year 2007. Taxpayers who use their car for business purposes can deduct 48.5 cents per mile. For medical ... Read More

