Latest From the Blog
Tax Tip of the Week | No. 342 | 2016 Filing Deadlines
The deadline for 2015 returns is April 18, 2016.
Tax Tip of the Week | No. 293 | How Long Are You at Risk for an IRS Audit?
In most cases, the IRS has three years to audit after you file your tax return. If the IRS shows up after that, they may be too late. There are special rules, however, that can extend your audit purgatory.
Tax Tip of the Week | No. 252 | Executors Beware
If you should be named the Executor of an estate, you need to be aware that you could be held personally liable for any unpaid taxes of the deceased.
Tax Tip of the Week | No. 244 | Be Careful With IRA Rollovers
In Bobrow v. Commissioner (TC Memo 2014-21), the Tax Court ruled that the one-rollover-per-year rule applies to all of a taxpayer's IRAs rather than to each IRA separately. This ruling conflicts with IRS Publication 590 which gives the following example:
Tax Tip of the Week | No. 243 | Time Is Running Out....
The Internal Revenue Service is giving the Mega Millions jackpot some serious competition, with tax refunds totaling $760 million ready to be handed over to an estimated 918,600 taxpayers who did not file a federal income tax return for 2010.
Tax Tip of the Week | No. 232 | 2014 Due Dates
The IRS recently updated Publication 509 (http://www.irs.gov/pub/irs-pdf/p509.pdf) which lists all the filing due dates for 2014.