Tax Watch: Need an extension? Just give the IRS a call
People who need more time to complete their income tax return will find it easy to extend their…
Tax Watch: Justice Dept. sues sellers of bogus schemes
The Department of Justice recently filed three lawsuits in federal courts in an effort to counter what it…
Tax Watch: Study supports bill to tax mutual funds like stocks
The boom in mutual fund ownership over the last 20 years has made funds a primary investment for…
Tax Watch: IRS urges planning now for 2002 saver credit
The Internal Revenue Service recently advised all qualifying employees to make plans to benefit from the new saver’s…
Tax Watch: Tax credit for electronic filing gaining support
The Electronic Tax Administration Advisory Committee and a number of tax professionals have suggested that political and security…
Tax Watch: 295,000 IRS rebate checks are undeliverable
The Internal Revenue Service is attempting to get rebate checks into 295,000 taxpayers’ hands – to the tune…
Tax Watch: Proposal for war bonds gets tepid reception
The first U.S. war bonds to be issued by Congress since World War II are reportedly nearing approval…
Tax Watch: Chance of being audited continues to wane
What are the chances of being audited? The Internal Revenue Service notes that 617,765 individual income tax returns…
Tax Watch: Taxpayer burned again after warehouse fire
The U.S. Tax Court has ruled that a couple could not deduct a casualty loss on their burned…
Tax Watch: IRS issues new rules on partnership audits
The Internal Revenue Service has issued final regulations on unified audit procedures for partnerships and partners. The revisions…