Category Archives: IRS

It’s Official: Cellphones Mostly Nontaxable to Employees

In the wonderful world of fixed assets, there are some assets that are more fixed than others. No, I’m not talking about huge machines; rather, I’m talking about listed equipment. These are items that Congress has decided must always be … Continue reading

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Third Quarter Estimated Tax Payments Due Today

Third quarter estimated tax payments are due on September 15th. If you make estimated tax payments, make sure you have either mailed your payment in today (using certified mail, return receipt requested) or by paying electronically using EFTPS or your … Continue reading

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Calendar Year Corporation, Partnership, and Fiduciary Returns Due on the 15th

September 15th is the first of the extension deadlines: Today, calendar year corporation, partnership, and fiduciary tax returns are due. Make sure you mail them today (use certified mail, return receipt requested) or electronically file the returns.

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2010 Estate Tax Returns Now Due Later

As I continue to wait for the IRS to release Form 8939, the IRS continues to postpone deadlines: WASHINGTON — The Internal Revenue Service announced today that large estates of people who died in 2010 will have until early next … Continue reading

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While I Was Out…

…Nothing much happened, right? (I’m ignoring that AAA/AA+ thing, of course.) The IRS announced that Form 8939 for estates for 2010 will be due on November 15th. However, the form has yet to be released. Joe Kristan noted that the … Continue reading

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I Spilled my Coffee Thanks to Joe Kristan

This morning, Joe Kristan posted about an Iowa couple who had a unique method of preparing tax returns. I made the mistake of reading the actual court decision while drinking my morning coffee: According to [the defendants], if you believe … Continue reading

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Electronic Filing Now Available for FBAR

The Financial Crimes Enforcement Network (FINCEN) announced this week that you can now file an FBAR (Form TD F 90-22.1) electronically. Electronic filing of an FBAR is different than electronic filing for a tax return. You must complete an application, … Continue reading

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Liening the Wrong Way

Liens are useful legal devices. They are rightly used when someone owes another party money, so that property or other collateral is attached. Of course, if there’s a right way there’s also a wrong way. Today, we’re going to look … Continue reading

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I Hope You Enjoyed that $2.4 Million

I’ve said this before, and I’m certain I’ll say it again: If you want to get in trouble with the IRS, the fastest way to do so is to not remit your federal employment taxes. These are called trust fund … Continue reading

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IRS Philadelpia Service Center Has Moved

In a phone call today with the Taxpayer Advocate in Philadelphia, I learned that the IRS Service Center in Philadelphia moved, with the final personnel moving into the “new” office in January. The new address is: Internal Revenue Service 2970 … Continue reading

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