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Technology glitches with new software at the Internal Revenue Service caused it to initially reject nearly a quarter of the 127,105 tax returns it processed during its first three weeks of operation in February.
August 16 -
Although it¨s just one of many new taxes in the health care reform law, and its effective date is more than a year away, the new Form 1099 reporting requirements are suddenly on everyone's radar screen.
August 16 -
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IMGCAP(1)] One of my clients recently told me about their fancy downtown meeting with their bank. The purpose of the meeting was to extend their line of credit in order to purchase new equipment. This client runs a multi-million dollar operationoutsourcing mechanic work to large commercial airlines. My client and his partners are mechanics as wellyour typical blue-collar millionaire!
August 16
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Henny Youngman, the aptly-named "King of the OneLiners," used to joke that his accountant recently had reviewed hisfinances and assured him that he had invested enough money to live comfortablyfor the rest of his life.
August 15 -
A federal judge in Miami has ruled that the Miccosuke tribes financial records are not protected by sovereign immunity from an IRS investigation into the use of credit cards by the tribes former chairman.
August 13 -
A federal court in Kansas City, Mo, has permanently barred Missouri lawyer A. Blair Stover Jr. from promoting a variety of improper tax schemes.
August 13