Common situations that cause trouble for income tax professionals involve capital gain calculations. The difficulty rests with obtaining complete information from the taxpayers. Selling any investment
Probably the most common reason taxpayers receive IRS notices is omission of income from their tax returns. The IRS learns about omitted income by receiving 1099 reports from the entities that made pa
Even as millions of Americans struggle to cope with and ultimately repay debt accumulated over the course of the most recent recession, the majority of creditors have stepped up their efforts around g
There is no experience more painful, emotionally and financially, than divorce. But recognizing the tax implications can help people mitigate some of anguish. While the tendency is to think that â
The key behind turning something that is considered a fad into a permanent phenomenon is to incent people. There is no better demonstration of this than the federal government’s efforts to encoura
It is received wisdom that the objective behind an IRS is to build that nest egg for the future. Nonetheless, it is not uncommon, especially in the wake of recession, for many taxpayers to tap into
Tax season can be an absolute nightmare for people out of work and hard pressed to turn up any extra cash. But the reality remains that unemployed individuals are still required to report to Uncle S
Helping people invest in their futures by putting their federal tax return to work for them is one way for CPA, enrolled agents and other tax professionals to retrain clients and build a strong, compe
Barters and trades of goods and services represent an increasingly significant percentage of our economy, especially among small businesses, many of which have turns to one of the oldest forms of comm
According to the IRS, 80 % of Americans seek the help of a tax preparer or tax software when filing their taxes.  But that is no reason for tax professionals like certified public accounts and enro
