Reuters - Still haven't finished that tax return on this Monday deadline for filing? Then you have time to take advantage of some tips from the friendly folks at the Internal Revenue Service to avoid errors.
No one enjoys doing taxes, which probably explains why so many of us leave it to the last. Possible. Moment.
With Tax Day fast approaching (next week!), millions of Americans are no doubt scrambling to track down receipts, bank statements and other important documents in a bid to meet the April 15 filing deadline.
But the more you rush, tax pros say, the more you’re likely to make mistakes that can cost you in the form of penalties, a delay in getting your refund and even a higher risk of an audit.
WASHINGTON (Reuters) - Details of a U.S. Drug Enforcement Administration program that feeds tips to federal agents and then instructs them to alter the investigative trail were published in a manual used by agents of the Internal Revenue Service for two years.
They may not figure in the Panama Papers, nor have wads of cash stuffed under their beds and investments in benami properties. But there are other reasons why small taxpayers can get into trouble with the tax authorities. "My mother is a senior citizen and has paid all her taxes. But she still got a notice for not filing her return for 2014-15," says Mumbai-based marketing manager Arun Kapoor. Delhi-based finance professional Varun Sahay has received a notice for not deducting TDS when he bought a flat last year.
Day 4: Ottumwa! The big first week of The ISU Center for Agricultural Law and Taxation Farm and Urban Tax Schools concludes for the Day 1 teaching team of me, Kristy Maitre and Roger McEowen at Indian Hills Community College in Ottumwa, Iowa today. The Day 2 team of Paul Neiffer, Dave Repp and Patty Fulton will finish up in Red Oak this morning.
It’s been some driving this week:
ATHENS — Greece will send its economic reform plans to eurozone finance ministers on Tuesday morning, a government official said, missing a Monday deadline for submitting the list which is a condition for extending the country’s bailout program.
Earlier in the day government spokesman Gabriel Sakellaridis had said the list, which covers measures such as tackling tax evasion, would go to the Eurogroup by the end of Monday.
Financial advisers and tax professionals are a concrete bunch. We never like having to guess, and we don’t much care for having to take a roundabout path to accomplish a goal, either. When the Internal Revenue Service leaves a situation vague, however, sometimes guesswork is unavoidable. While an announcement that the IRS has clarified a […]View the full post at: IRS Offers A Direct Path To Greater Savings