Today is the last day to file your taxes which have previously been given an extension. Last year you were given a little longer, but not this year. E-file them, or get them postmarked today!  You may pay additional fines and penalties for not doing so.

It was no surprise that IRS Commissioner Shulman announced today that he is ending his term. We knew he planned on it. He ends his term just after the presidential election. Shulman has been the Commissioner since March 24, 2008 and his term ends on the 9th day of November of this year.  He leaves […]

About five years ago, Walmart decided it really only needed two major tax preparation firms to satisfy the needs of its patrons, H&R Block and Jackson Hewitt. Before this decision, Liberty had operated 30-40 seasonal kiosks in Walmarts around the country. In a crazy game of tax-franchise “wife-swapping,” Jackson Hewitt recently assumed all of the […]

There are more than 11 million taxpayers who have requested an automatic six-month extension this year and have yet to file. October 15 is the deadline, but there are exceptions. There are always exceptions. Are you serving in Iraq or Afghanistan or a combat zone? If so, you can stop reading, but the majority of […]

The IRS has two main goals when it comes to ideal operations: fraud prevention and fast disbursements of refunds. These two distinctly different goals can be difficult to attain as the application of one could hinder the other.  Essentially, the DOJ plans to take information from local prosecutions to identify patterns in the cases and […]