Even if you cannot pay your taxes on the due date, always file your return timely. An extension of time to file does not extend the time to pay. Partial payments at any time will generally reduce failure to file penalties, failure to pay penalties, failure to make...
More than 80 percent of American households use a tax preparer or tax software to help them prepare and file their taxes. Beginning in 2011 all paid tax preparers are required to register with the Internal Revenue Service. Beginning in 2012, all tax preparers who are...
Nancy Gill, et al. v. Office of Personnel Management, et al., (DC MA 07/08/2010) A Federal district court in the State of Massachusetts, which allows same-sex couples to marry, has held that Section 3 of the Defense of Marriage Act violates equal protection principles...
Tax Information IRS Publication 3, Armed Forces’ Tax Guide: summarizes many important military-related tax topics. Publication 3 can be downloaded from IRS.gov or may be ordered by calling 1-800-TAX-FORM (800-829-3676). Links: Tax Information for Members of the U.S....
IRS has issued its annual data book, which provides statistical data on its fiscal year (FY) 2010 activities. As this article explains, the data book provides valuable information about how many tax returns IRS examines (audits), and what categories of returns IRS is...
The top 1% of individual taxpayers, those reporting taxable income in excess of $350,000 or so annually, pay almost 40% of all income taxes at a marginal tax rate of 35%. These taxpayers generally have few deductions other than charitable gifts. The top 5% of...
By David Adams MIAMI, Feb 17 2013 (Reuters) – Bruce Parton was only a few weeks from retirement after 30 years as a mail carrier in sunny Florida. He never lived to fulfill his retirement plan of moving back to a quiet life in the Catskill mountains of New York,...
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On December 21, 2012 the UNITED STATES DISTRICT COURT FOR THE EASTERN DISTRICT OF LOUISIANA gave final the Economic and Property Damages Settlement Agreement as amended on May 2, 2012. This agreement established objective standards for determining causation and...
