Archives for April 2011

And the IRS Wants More Money?

And the IRS Wants More Money?

So you want to give the government more of your money, do you? The Treasury Inspector General for Tax Administration today released Targeted Compliance Efforts May Reduce the Number of Inaccurate Information Returns Submitted by Government Entities (2011-30-019): The hundreds of…

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Tax Tip: Keep Proof that You Filed Your Tax Return

Tax Tip: Keep Proof that You Filed Your Tax Return

Some old, but great, advice from Joe Kristan about how to document the filing of an IRS tax return or extension: If you paper file at the post office, use Certified Mail, Return Receipt Requested….

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State Income Taxes, a Thing of the Past?

State Income Taxes, a Thing of the Past?

Peter Ferrara of Forbes writes in The Anachronism of State Income Taxes that, Nine states survive perfectly well with no state income tax at all. These include large states such as Texas and Florida, medium-size…

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Declaring Your Correct Filing Status is Not Lying

Declaring Your Correct Filing Status is Not Lying

From Paul Caron: An organization called Refuse to Lie is recommending that gay couples whose marriages are recognized under state law but not for federal tax purposes because of the Defense of Marriage Act file their federal tax…

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IRS Liens and How to Get Rid of Them

IRS Liens and How to Get Rid of Them

The IRS will place a lien on your property to secure payment of your tax debt. A Notice of Federal Tax Lien may be legally issued by the IRS only after the following 3 requirements are met: The IRS…

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