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Taxesq - IRS Audit and Business Tax Estate Attorney Cherry Hill NJ

17 Feb

Posted at 14:45h in Uncategorized by
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Senators Push to Tax VoIP after 2 years Sens. Thomas Carper and Lamar Alexander revived the debate over taxing Internet access with the introduction of a bill that would reinstate for two-years the now-expired ban on state and local taxation of Internet access services. The senators...

17 Feb

Posted at 14:40h in Uncategorized by
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Taxation of Lottery Winnings A lump sum payment for the right to receive future installments on a winning lottery ticket is taxable as ordinary income, not capital gain, the Ninth Circuit holds. see: http://www.TaxEsq.com...

11 Feb

Posted at 19:17h in Uncategorized by
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Not Filing Tax Returns Costs Billions in Lost Refunds Nearly 2 million students, retirees and other taxpayers stand to lose $2.5 billion in refunds if they don't act quickly to claim the money. The Internal Revenue Service said Monday that anyone who should have gotten a...

08 Feb

Posted at 03:21h in Uncategorized by
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IRS to Audit More Small Businesses A restructuring announced by the Internal Revenue Service recently could mean that more small businesses see audits of their income tax returns. The IRS said it would be adding 2,200 new positions to its enforcement, or audit, operations in...

01 Feb

Posted at 02:28h in Uncategorized by
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IRS Audits its Own! The IRS recently targeted 800 of its employees for audit in an effort to ensure that IRS employees are meeting tax filing and payment requirements. Last year, IRS staff first discovered a pattern of business loss deductions on their coworkers' returns. The...

28 Jan

Posted at 01:51h in Uncategorized by
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Florida Republicans Hike Taxes Although Rebublicans have cut taxes in Florida for the past 5 years, Gov.Jeb Bush and Republican lawmakers are now quietly presiding over Florida's biggest tax increase in more than a decade. The $133 million automatic tax increase is required by state law...

28 Jan

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Bush Attacking Medical Malpractice Victims In a typical pandering to the medical profession's attempt to protect physicians who carelessly harm patients, President Bush is campaigning to stop malpractice victims from recovering for their full losses. Mr. Bush is attempting to limit damages to $250k. If a...

24 Jan

Posted at 03:13h in Uncategorized by
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IRS Computer Error Rejects Tax Returns Thousands of electronically filed tax returns were initially rejected in the past few days because of a computer glitch. The problem began January 16, 2004 when the Internal Revenue Service officially opened the channels for electronic filing used by many...

23 Jan

Posted at 03:12h in Uncategorized by
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Revised Form 8332 permits never-married parents to waive child exemption IRS has revised Form 8332 (Release of Claim to Exemption for Child of Divorced or Separated Parents) and IRS Pub No. 504 p. 8 (Divorced or Separated Individuals) to permit a never-married noncustodial parent to claim...

23 Jan

Posted at 03:03h in Uncategorized by
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Pres. Bush's State of The Union Address Advocates Making Tax Cuts Permanent President Bush state that tax cuts had invigorated the economy, and he wants Congress to make permanent the temporary tax reductions passed in 2001 and 2003. Those tax cuts include an expansion of...

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