The Obama, Congress, Koskinen Tax Triangle
In decades past, and the last year especially, it has become clear that congressional office holders have more trouble working with each other than against each other. While that would be totally acceptable if our mail goal as a nation, as a people was complete stagnation, this is a real problem when applied to our […]
DC District Court Upholds Obamacare Tax Credit Provisions
Another day, another lawsuit. This time the plaintiffs argued that the IRS’s interpretation of the ACA was contrary to the statute, which, they asserted, authorizes tax credits only for individuals who purchase insurance on state-run exchanges, but not on federal exchanges. The court ruled “that the plain text of the statute, the statutory structure, and […]
IRS Using More Automation For Taxpayers
The IRS is working on switching over to more automated tax payer services intended to reduce the cost of manpower required to handle tasks that can be easily handled with online applications. Amendments are now trackable on the IRS’s website. Your refund can be tracked, as well. You can get your transcripts on the website. […]
IRS May Fine 122,133 Paid Tax Preparers $345 Million in Penalties
Last tax season marked an increasing level of noncompliance by tax preparers with the Internal Revenue Service’s due diligence reporting requirements for the Earned Income Tax Credit, according to a new report reviewing the IRS’s performance during the delayed tax season. The report, from the Treasury Inspector General for Tax Administration, found that as of […]
2014 Tax Season Opens on January 31st
According to IR-2013-100, the IRS plans to open the 2014 filing season on January 31. The IRS cautioned that it will not process any tax returns before January 31, so there is no advantage to filing on paper before the opening date. Until tax season officially begins, the stockpiling rule doesn’t apply. The April 15 […]