IFAwebnews » tax preparation

Most insurance agents say they refer, eschew clients’ tax issues

Bob Graham — Tue, 13 Dec 2011 01:09:26 +0000

The majority of insurance agents say they refer their clients seeking tax services to an accountant or certified public accountant, according to the latest IFAwebnews.com poll.

Most insurance agents say they refer, eschew clients’ tax issues via IFAwebnews.

Congress considers extending payroll tax cuts into 2012

IFAwebnews Staff — Wed, 30 Nov 2011 11:51:16 +0000

U.S. Senate Republican Leader Mitch McConnell (R-Ky.) said Nov. 29 he was crafting a plan with other Republicans to extend payroll tax cuts, which if allowed to expire this year could could cause the average family making $50,000 per year to have to pay an additional $1,000 in income taxes for 2011.

Congress considers extending payroll tax cuts into 2012 via IFAwebnews.

New rule makes investors responsible for cost-basis reporting

Jaime L. Brockway — Tue, 08 Mar 2011 12:08:23 +0000

New cost-basis legislation requires investors, even if they do not have the help of a broker, to calculate and report their cost basis for securities.

New rule makes investors responsible for cost-basis reporting via IFAwebnews.

Cincinnati tax service owner jailed for preparing hundreds of false tax returns

Jaime L. Brockway — Wed, 02 Mar 2011 14:01:07 +0000

A Cincinnati, Ohio, man was ordered to serve 30 months in prison for aiding and assisting in preparing false client tax returns and filing a false individual income tax return.

Cincinnati tax service owner jailed for preparing hundreds of false tax returns via IFAwebnews.

Self-employed tax filers can claim health premium payments for 2010

Bob Graham — Thu, 24 Feb 2011 14:23:35 +0000

Self-employed people will see a 15.3% reduction in their self-employment tax because of a change in federal tax law.

Self-employed tax filers can claim health premium payments for 2010 via IFAwebnews.

IRS helps self-employed seniors paying Medicare Part B premiums

IFAwebnews Staff — Thu, 17 Feb 2011 14:56:06 +0000

The Internal Revenue Service is permitting for the first time self-employed people to deduct their Medicare Part B health insurance premiums.

IRS helps self-employed seniors paying Medicare Part B premiums via IFAwebnews.

IRS delays processing of itemized tax-return filings until Feb. 14, with love

Jaime L. Brockway — Tue, 25 Jan 2011 12:32:54 +0000

The Internal Revenue Service delayed the start date for processing tax returns until Feb. 14 so it could adapt to federal tax law changes.

IRS delays processing of itemized tax-return filings until Feb. 14, with love via IFAwebnews.

Michigan tax preparer facing IRS case adds insurance fraud charges

IFAwebnews Staff — Mon, 21 Jun 2010 13:24:19 +0000

A Saginaw, Mich., tax preparer facing charges of filing tax returns with fictitious Schedule A deductions is now charged with trying to defraud Progressive Michigan Insurance Co. for in-home health services.

Michigan tax preparer facing IRS case adds insurance fraud charges via IFAwebnews.

IRS boosts enforcement, proposing new rules for tax return preparers

Bob Graham — Tue, 05 Jan 2010 14:59:39 +0000

Insurance and financial service professionals who prepare income tax returns for their clients could face increased regulation by the Internal Revenue Service.

IRS boosts enforcement, proposing new rules for tax return preparers via IFAwebnews.

Tax preparers filing 200 returns could be forced to hit send button

Bob Graham — Thu, 02 Jul 2009 11:05:03 +0000

A committee of the Internal Revenue Service wants all tax preparers who file at least 200 returns a year to file electronically.

The Electronic Tax Administration Advisory Committee included the recommendation ... Read →

Tax preparers filing 200 returns could be forced to hit send button via IFAwebnews.