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  • Former  Internal Revenue Service Director of Exempt Organizations Lois Lerner is sworn in before testifying to the House Oversight and Government Reform Committee
    Lois Lerner 'missing' email tapes found, criminal probe ensues at the IRS
    The IRS Inspector General’s office admitted to the House Oversight Committee that backup tapes of Lois Lerner’s emails that IRS Commissioner John Koskinen had said were irretrievably lost have been found, according to a Thursday story...
  • Charity begets deductions for animal rescue volunteers
    Charity begets deductions for animal rescue volunteers
    Many people question stay-at-home mothers that volunteer their services for various charitable organizations. Besides the good feeling of doing right by others, there is now another great benefit that those ‘volunteers’ can claim.Not...
  • Receipts for Tax time
    Lessons Learned: Why I fired my Accountant
    This article is to help my clients who say "Help. It's tax time!!" Eric Matthews wrote in 5 Steps To Getting Your Taxes Together, http://taxtimehelp.freshbooks.com/h/i/44117308-5-steps-to-getting-your-taxes-together-usa/164024, to do...
  • Internal Revenue Service Commissioner John Koskinen (C) testifies before the House Oversight and Government Reform's Economic Growth, Job Creation, and Regulatory Affairs Subcommittee
    IRS promises to stop seizing bank accounts of innocent taxpayers
    The IRS is rightly regarded as the most feared federal agency in existence. It has been given broad powers to do what is necessary, even employing what many would call police-state tactics, to compel American citizens to comply with the tax laws....
  • IRS phone scam is running rampant nationwide: Beware
    IRS phone scam nationwide: Beware of fake IRS agent calling or recorded message
    The IRS scammers are at it once again and they are getting more sophisticated as time goes by. Law Enforcement agencies from around the country are warning folks not to become victims of an IRS scam.According to Fox News Connecticut on Feb. 10,...
  • How Amazon Sellers Find Tax Form 1099-K
    How Amazon Sellers Find Tax Form 1099-K
    To generate tax document 1099-K for Amazon, follow these steps:1. Log in to Seller Central2. Click on Reports, Tax Document Library3. Click “Generate a Tax Report”4. Report type = Summary5. Enter Custom Date Range 01/01/2014 – 12...
  • Tax refund checks delayed
    Tax refund checks delayed in select states — did you e-file yet?
    Waiting for your tax refund check? You may have to wait a bit longer for your state return this year, but your federal return should be in your bank account within three weeks after the Internal Revenue Service accepts your return.If you e-file...
  • Civil forfeiture as America moves forward
    Civil forfeiture as America moves forward
    In the last two months, Carole Hinders and the Hirsch brothers have scored major victories against the I.R.S. In both cases, the government settled the case and agreed to return the money it took from these innocent small business owners. You can...
  • tax refund
    IRS: Millions of eligible taxpayers neglect to take this significant tax credit
    IRS Commissioner John Koskinen estimates that one in five workers and families eligible to take the Earned Income Tax Credit (EITC) fail to do so. The credit, which can be as much as $6,000, is designed to lift workers’ income above the...
  • File Federal Taxes Online for Free
    How to File Federal Taxes Online for Free
    Tax time is upon us. Entrepreneurs including eBay and Amazon sellers can file the Federal Tax Return online using IRS freefile. The software is available via the Internal Revenue Service IRS website: www.irs.govOne must know how to prepare taxes...
  • Online sellers can deduct shipping costs
    How Online Sellers Find Total Shipping Costs via Paypal for Tax Filing
    eBay sellers should not overlook the cost of shipping when filing taxes. Shipping charges paid via Paypal are deductible on Schedule C: Profit or Loss from Business. To determine the amount of shipping charges paid via Paypal, do the following:1....
  • IRS promises refunds in 2-3 weeks
    Where's my refund? How to check the status of your IRS tax refund
    "Where's my refund" is being asked by millions of people who are anxiously awaiting their tax return. The IRS started accepting returns on January 20 and once again, they suggest e-filing as the fastest way to get a refund.Once you e...
  • Completing Schedule C is Easy with Paypal
    Taxes Made Easy with Paypal Annual Financial Summary Report
    US business / premier Paypal account holders can access the Annual Financial Summary Report for key information when filing tax returns. To access the report,1. Log in to Paypal2. Click the Activity link across the top3. From the drop down box on...
  • How to Find Paypal 1099-K Tax Form
    How Online Sellers Find Tax Form 1099-K from Paypal
    Only eBay sellers who exceed the IRS thresholds will receive an IRS Form 1099-K from Paypal. Sellers exceed the IRS thresholds when they received $20,000 in gross payment volume for the sale of goods or services AND have over 200 separate payments...
  • Free File 2014
    Most Americans eligible for IRS 2014 Free File program this tax season
    Taxpayers with annual incomes less than $60,000 may prepare and file their 2014 income tax returns using free software. According to the IRS, 100,000 taxpayers, two-thirds of the number expected to file tax returns this season, will have access to...