Business taxes, Individual taxes, Interest and Penalties, Tax Debts and Collections
The Internal Revenue Service has announced that interest rates will remain the same for the calendar quarter beginning Jan. 1, 2013. The rates will be: three (3) percent for overpayments [two (2) percent in the case of a corporation]; three (3) percent for...
Business taxes, Individual taxes
The IRS has announced standard mileage rates for 2013. Beginning on Jan. 1, 2013, the standard mileage rates for the use of a car will be: 56.5 cents per mile for business miles driven; 24 cents per mile driven for medical or moving purposes; 14 cents per mile driven...
Business taxes, Individual taxes, Tax Debts and Collections
The IRS has released details of its FY 2013 budget request. The current request is approximately $12.8 billion, representing about an 8% increase over 2012. One of the primary focuses of the FY 2013 budget is increased enforcement. The budget includes $403 million...
Business taxes, Individual taxes, Liens and Levies, Tax Debts and Collections
A: A lien is a legal claim on property. A tax lien is a public record that puts your creditors on notice that the IRS has a claim against all of your property, including property you acquire after the lien is filed. The lien attaches to all of your property both...
Business taxes, Individual taxes, International Tax
The IRS issued an announcement today to remind taxpayers that tax information is available online in a variety of languages. The IRS’ Multilingual Gateway offers information in Chinese, Korean, Vietnamese, Russian, and Spanish. The Gateway can be accessed via the...
Business taxes, Individual taxes
The IRS has announced that the filing deadline for the 2012 tax season will be extended to Tuesday, April 17, 2012. Because April 15, 2012 falls on a Sunday and April 16, 2012 is Emancipation Day (a legal holiday in D.C.), the filing deadline has been moved to the...
