IRS urges tax filers to check out earned income credit has a $1 100 gift for some O.C. taxpayers Tax season opens with extra time estimate 17 percent of taxes owed went unpaid 5 Planning Tips Small Business Owners Man Calling on Capitol Hill Audit Big Charity Filed Misleading Return Apply For A Passport Will Know Study Says Percent Taxes Went Unpaid Sneaky Phone Marketers Outfox 'Caller ID' Budget Cuts Hamper I.R.S. From Performing Its Duties Report Mitt Romney's Entitlement Problem Gingrich Used Payroll Ploy Often Attacked By Casey Anthony's Lawyer Quits Renews Disclosure Program Offshore Assets 12 audit flags 2012 clarified rules families and LLCs Why is investment taxed less than wages Romney releases records

IRS Audit Red Flags: The Dirty Dozen Although there's no sure way to avoid being audited, your chances increase depending upon various factors. Apply For A Passport? IRS Will Know If you apply for a passport, the IRS will know. It's not clear how the IRS uses this data, although my guess is for data verification plus perhaps information gathering for later collection efforts. The IRS has released proposed regulations to ramp up the information the IRS receives to better enforce the tax laws. These rules are only proposed and don't take legal effect until finalized. IRS Revised Rules for Streamlined Installment Agreements The IRS recently relaxed its rules for payment of smaller tax liabilities. The revised procedures now allow taxpayers up to 72 months to pay their tax obligations. The new procedures also increase the maximum amount subject to the relaxed streamlined agreements from $25,000 to $50,000. You may request a monthly installment plan by submitting Form 9465-FS to if your liability is greater than $25 ... IRS Audit: Big Charity Filed Misleading Tax Return But Food for the Hungry says it will challenge audit report that it misvalued donated gifts, including deworming medicine 12 IRS audit flags for 2012 The chance of an IRS audit is low, but audits are on the rise - here are 12 red flags to look out for when you file your taxes IRS change causing slow down for tax refunds CHARLOTTE, N.C. – The Instant Tax Service says you should wait for a call telling you that your check is in and at that point, you can go pick it up. Hundreds of people went on Friday and expected their checks but were told there's no money. The problems are the result of an IRS slow down due to new security procedures aimed at reducing tax and identity fraud. NewsChannel 36 reporter Bill ... IRS Free File available now IRS Free File, which has been making taxes a little less taxing for a decade is available now. More than 33 million returns have been filed through Free File since its debut. IRS: Don't miss out on Earned Income Tax Credit IRS: Don't miss out on Earned Income Tax Credit the salt lake tribune Published Jan 30, 2012 09:38AM MDT The Internal Revenue Service on Monday launched its annual outreach campaign aimed at helping the millions of Americans who earned $49,078 or less take advantage of the Earned Income Tax Credit. The agency also is spreading the word about free preparation assistance. Although an estimated ... IRS clarifies its stand on whether airline miles are taxable Consumers will owe taxes on miles they receive for opening a bank account, but miles they get for making purchases on credit cards or for taking a trip are tax-free, the federal agency says. Frequent-flier miles are taxable? Really ? IRS Lowers Bar for Innocent Spouse Relief The filing of a joint income tax return has the legal effect of an irrevocable election by each spouse to be jointly and severally liable for tax reported, or properly reportable, on the return. In other words, each spouse can be held liable for the full amount of the tax, though the IRS can collect the tax only once.
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References:
http://www.jsonline.com/news/milwaukee/irs-urges-tax-filers-to-check-out-earned-income-credit-do3vhpc-138297199.html
http://economy.ocregister.com/2011/11/30/irs-has-a-1100-gift-for-some-o-c-taxpayers/100074/
http://www.forbes.com/sites/williampbarrett/2012/01/30/irs-audit-big-charity-filed-misleading-tax-return/?feed=rss_home
http://www.forbes.com/sites/robertwood/2012/01/30/apply-for-a-passport-irs-will-know/?feed=rss_home
http://www.nytimes.com/2012/01/10/business/irs-renews-disclosure-program-for-offshore-assets.html
http://feeds.cbsnews.com/~r/CBSNewsBusiness/~3/GOGSqOSqJtE/
http://pixelhat.net/