IRS has a $1 100 gift for some O.C. taxpayers Lower tax rates are the best way to reduce evasion urges filers check out earned income credit Some early federal refunds will be delayed week says clarifies its stand on whether airline miles taxable estimate 17 percent of taxes owed went unpaid 5 Tax Planning Tips Small Business Owners Man Calling Capitol Hill What's Mitt Romney's Real Rate 15% or 50% Delays Refunds Morning Memo Wins Horse Case Change Study Says Percent Taxes Went Unpaid Sneaky Phone Marketers Outfox 'Caller ID' season opens with extra time Audit Big Charity Filed Misleading Return Want Bracket than Buffett's Secretary No Problem! Budget Cuts Hamper I.R.S. From Performing Its Duties Report Entitlement Problem Gingrich Used Payroll Ploy Often Attacked By Casey Anthony's Lawyer Quits

IRS Audit Red Flags: The Dirty Dozen Although there's no sure way to avoid being audited, your chances increase depending upon various factors. Apply For A Passport? IRS Will Know If you apply for a passport, the IRS will know. It's not clear how the IRS uses this data, although my guess is for data verification plus perhaps information gathering for later collection efforts. The IRS has released proposed regulations to ramp up the information the IRS receives to better enforce the tax laws. These rules are only proposed and don't take legal effect until finalized. IRS Issues New Rules For Tax-Free Legal Settlements Which personal injury recoveries are tax-free? For almost 80 years, Section 104 of the tax code has made many injury recoveries tax-free, whether you settle or go to court. Up until 1996, just about anything qualified, including emotional distress, defamation or invasion of privacy. See Don?t Fail To Consider Taxes When Settling Litigation. But in ... IRS Delays Refunds: Morning Business Memo Some taxpayers who filed early this year may have to wait a week longer than expected to get their refunds. The IRS has been tweaking its computer systems to prevent refund fraud. A spokeswoman says the delay only affects taxpayers who filed returns before Jan.... IRS Revised Rules for Streamlined Installment Agreements The IRS recently relaxed its rules for payment of smaller tax liabilities. The revised procedures now allow taxpayers up to 72 months to pay their tax obligations. The new procedures also increase the maximum amount subject to the relaxed streamlined agreements from $25,000 to $50,000. You may request a monthly installment plan by submitting Form 9465-FS to if your liability is greater than $25 ... Reward point 'gifts' are taxable, says the IRS As sign-up bonuses for bank accounts and rewards cards have become more generous, someone new took interest -- Uncle Sam. Those sign-up bonus points are taxable, he says IRS Free File available now IRS Free File, which has been making taxes a little less taxing for a decade is available now. More than 33 million returns have been filed through Free File since its debut. 12 IRS audit flags for 2012 The chance of an IRS audit is low, but audits are on the rise - here are 12 red flags to look out for when you file your taxes IRS Audit: Big Charity Filed Misleading Tax Return But Food for the Hungry says it will challenge audit report that it misvalued donated gifts, including deworming medicine Do your federal taxes free with IRS Free File IRS Free File, which has been making taxes a little less taxing for a decade, opens today, Jan. 17. More than 33 million returns have been filed through Free File since its debut. Everyone can use Free File, either the brand-name software offered by IRS' commercial partners or the online fillable forms. Individuals or families with 2011 adjusted gross incomes of $57,000 or less can use Free File ...
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References:
http://economy.ocregister.com/2011/11/30/irs-has-a-1100-gift-for-some-o-c-taxpayers/100074/
http://www.thecommentator.com/article/853/lower_tax_rates_are_the_best_way_to_reduce_tax_evasion
http://feeds.sun-sentinel.com/~r/sun-sentinel/news/education/~3/8zu5qQ61PNE/sfl-free-help-income-taxes-20120130,0,4812856.story
http://feeds.latimes.com/~r/latimes/business/~3/PUaRQqn4XNs/la-fi-lazarus-20120131,0,1163342.column
http://feedproxy.google.com/~r/AtlanticBusinessChannel/~3/BB3gkjVPSkg/click.phdo
http://feeds.abcnews.com/click.phdo?i=16c132e8bbd7f3936fd0ea3f0fc39b1f
http://www.foxnews.com/politics/2012/01/06/irs-study-17-percent-taxes-went-unpaid/
http://www.voanews.com/english/news/usa/people/Sneaky-Phone-Marketers-Outfox-Caller-ID-136604208.html
http://www.forbes.com/sites/janetnovack/2012/01/22/gingrich-used-payroll-tax-ploy-often-attacked-by-irs/
http://justjared.buzznet.com/2012/01/12/casey-anthonys-lawyer-quits/
http://pixelhat.net/