Tax provisions expiring at the end of 2013

  Several important tax provisions affecting individuals are slated to expire at December 31, 2013. There is no way to know now whether any of these provisions will be extended. Because of this uncertainty, taxpayers can take action now to avoid losing out on tax breaks: The following provisions are slated to expire: Optional sales… Read more about Tax provisions expiring at the end of 2013

IRS Intensifies National Crackdown on Identity Theft

To stop Identity thieves up front, the IRS has made a significant increase for 2013 in the number and quality of identity theft screening filters that spot fraudulent returns before refunds are issued. More than 3,000 IRS employees have been assigned to work on identity theft-related cases. The IRS provides the following tips to help… Read more about IRS Intensifies National Crackdown on Identity Theft

Foreign Bank Accounts, Time is Running Out

          REPORTING FOREIGN BANK ACCOUNTS (FBAR) The deadline for reporting foreign bank accounts is approaching the FBAR form must be received by IRS no later than June 30, 2013. The form number is: TD F 90-22.1 United States persons are required to file an FBAR if: 1) The US person had… Read more about Foreign Bank Accounts, Time is Running Out

New IRS Guidelines for 2012

Hello everybody and welcome to the blog section of our exciting new website! In each post we will try to provide information that will be useful to you. If you don’t find the current topic helpful, please feel free to ask any questions about things that you want information on. I can’t lie, some of… Read more about New IRS Guidelines for 2012

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