Category Archives: IRS

IRS Opens for All

Posted on March 4, 2013 by Russ

The IRS announced this morning that they are now accepting all forms for all returns. All of those delayed forms (including passive activities and a host of tax credit forms) are now being supported through both electronic filing and paper … Continue reading →

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IRS to Accept Returns with Depreciation Sunday; Valentine’s Love for Education Credits

Posted on February 8, 2013 by Russ

The IRS announced today that they will begin accepting returns with depreciation (Form 4562) on Sunday, February 10th. This means that most business returns and many sole proprietor’s returns that have been on hold will be able to be filed … Continue reading →

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What “Out of Pocket” Means

Posted on February 8, 2013 by Russ

About ten years ago, I enjoyed one night at the hospital. The bill was only $17,000 (before discounts). My share of the bill was $0, so my medical expenses from that hospitalization were zero. If you don’t spend the money, … Continue reading →

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Will the Third Time be the Charm for Appeals?

Posted on February 5, 2013 by Russ

The IRS Office of Appeals describes its mission as, [T]o resolve tax controversies, without litigation, on a basis which is fair and impartial to both the Government and the taxpayer in a manner that will enhance voluntary compliance and public … Continue reading →

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IRS Loses Again to Institute for Justice

Posted on February 2, 2013 by Russ

Two weeks ago, a court ruled that the IRS had no legal grounds to regulate unenrolled tax preparers. The IRS filed a motion seeking a stay of the court’s injunction against the IRS. Late yesterday, Judge James Boasberg (the same … Continue reading →

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1099, W-2 Mailing Deadline Is Tomorrow

Posted on January 30, 2013 by Russ

Thursday, January 31st, is the deadline for employers and others to put most 1099s and all W-2s into the mail or otherwise deliver them to recipients. This is a postmark deadline. This means that it might still be a week … Continue reading →

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Would You Deliberately Mail a Check to the Wrong Address?

Posted on January 28, 2013 by Russ

Seriously, would you? Assume you owed a customer $1,000. The debt goes back over a year, and now you’re ready to pay. The customer notifies you that she’s moved, and provides you with her new correct address. How many of … Continue reading →

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Form 8863 Added to Returns that the IRS Won’t Accept Just Yet

Posted on January 28, 2013 by Russ

From multiple sources comes word that the IRS will not accept returns with Form 8863 (Education Credits) at this time. Any returns with this form will also be delayed until (probably) March mid-February. While this form is not on the … Continue reading →

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Institute for Justice 2, IRS 0

Posted on January 18, 2013 by Russ

Back in December I noted the Institute for Justice’s lawsuit challenging the IRS’ regulations of unenrolled tax professionals (preparers who are not CPAs, Enrolled Agents, or attorneys). The IRS had publicly stated that the lawsuit was without merit. They better … Continue reading →

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Farmers & Fishermen Get Relief From Catch-22 Situation

Posted on January 18, 2013 by Russ

The IRS announced relief today for a Catch-22 situation for farmers and fishermen. Normally, farmers and fishermen who choose not to make quarterly estimated tax payments are not subject to a penalty if they file their returns and pay the … Continue reading →

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