Contrary to recent rumors, the IRS isn’t trying to tax employee mobile phones as a benefit. Instead, they’re getting rid of the existing tax — which nobody had bothered to pay.
Continue reading “IRS Commissioner and Treasury Secretary Talk Up a Tax Cut”

The IRS has announced an overhaul of their tax preparer regulations. This comes at a time when a tough economy makes scams more attractive. At the same time, the possibility of a safe income from preparing taxes has encouraged less qualified people to join the industry. The IRS’s attention to this issue makes sense, but there are more questions about their actual plan.

Continue reading “New Regulations Ahead: Will Your Taxes be Affected?”