National Taxpayer Advocate Annual Report

On the subject of taxpayer advocacy, the National Taxpayer Advocate delivered it’s annual report to Congress last week. Which actually turns out to be quite an eye-opener for a number of reasons. The report’s number one recommendation was the need for tax...

Federal tax payments – have you got your PIN?

Any taxpayer with Federal tax to pay can pay the IRS by electronic transfer of funds upon obtaining a PIN number. Although we are still three months off the due date for 2012 taxes, a PIN needs to be obtained in advance and in time for the due date of 15 April and so...

IRS – Simplified Home Office Deduction Claims

Today the Internal Revenue Service announced a new, simplified option for taxpayers claiming a home office deduction. This is effective for the 2013 tax year onwards. Up to US $1,500 home office can be deducted by qualifying taxpayers based on $5 per square foot up to...

IRS Announces 2013 Filing Season Opens 30 January

Today the Internal Revenue Service announced that it plans to begin processing individual income tax returns on 30 January. 2012 returns will only be accepted from 30 January to allow time for systems changes as a result of tax law changes under the American Taxpayer...