Wednesday, January 30, 2008

Audit Girl may have found her soul mate... stay tuned...

Friday, January 25, 2008

Ahhh, isn't it sweet... the IRS cares about the environment too!

The specific amount depends on the hybrid you bought. If you got a Ford Escape SUV, you could get up to $3,000. A Honda Civic garners $2,100. And a Mercury Mariner SUV earns you up to $3,000. Check the IRS chart to find your vehicle.

Thursday, January 24, 2008

Is the American public getting a 2007 "bonus" from the IRS... stay tuned...

Sources on Capitol Hill and at the Treasury Department said congressional and White House negotiators agreed upon checks of $600 per individual and $1,200 per couple who paid income tax and who filed jointly.

Friday, January 18, 2008

A ray of hope...??

Bush said such a growth package must also include tax incentives for business investment and quick tax relief for individuals. And he said that to be effective, an economic stimulus package would need to roughly represent 1 percent of the gross domestic product — the value of all U.S. goods and services and the best measure of the country's economic standing.

Thursday, January 17, 2008

Ahh, it is tax season... and you can feel the panic in the air... actually the real time to be paniced is the summer when audit notices go out... but despite all the stress, this is not a life or death situation - despite that death and taxes saying... Here is a helpful article on how to be less fearful, this is some good stuff:

(my personal favorite)

5. Afraid I'll get audited
If fear No. 4 comes true, then this is definitely one to be scared of. Audit fears, however, tend to be much greater than actual audit realities. True, there are some red flags, such as excessive medical or charitable deductions, that might catch an IRS examiner's eye. But overall, the risk of audit is small -- about 1 percent of individual returns were audited in 2006.

So don't let fear of IRS questions keep you from filing. And definitely don't let it stop you from claiming legitimate tax breaks.

"If you're really doing stupid things on your tax return, expect to get audited. Deservedly so," says Enrolled Agent Eva Rosenberg, who is based in Southern California and the Internet's Tax Mama. "But if you're afraid to use a legitimate tax break because you're afraid you're going to be audited, stop it! Stand up for your rights. There's no reason to be afraid."

The remedy: Make sure you can show an IRS examiner why you filed as you did. This means keeping good records, especially if you're self-employed. People who work for themselves and file Schedule C with their returns tend to get scrutinized a bit more, so your business record keeping needs to be more precise.

Monday, January 14, 2008

Ahh, it is so fun when Hollywood tries to take on the IRS!! Like oil and water... this should be an interesting train wreck to observe...and lets face it, things are little dreary here in LA, a nice little tax drama might lighten the mood a little!

Snipes had tried unsuccessfully to get his trial moved from this central Florida town, arguing it was racist and he couldn't get a fair hearing. The pool of 37 potential jurors were predominantly white, and Senior Judge William Terrell Hodges moved through them slowly.

Most had heard of the case, but not extensively.

Before court, Snipes appeared at a vigil with the leaders of several predominantly black churches. The pastors followed Snipes to the courthouse and continued to watch when jury selection began.

Tuesday, January 8, 2008


Not even Audit Girl can save them now...

Sunday, January 6, 2008

Hmmmm, with Huckabee's star rising, could an end be in sight for the IRS...??

"The FairTax will replace the Internal Revenue Code with a consumption tax ... All of us will get a monthly rebate that will reimburse us for taxes on purchases up to the poverty line ... That means people below the poverty line won't be taxed at all," says his Web site.

"All our headaches and heartburn from tax stress will vanish. Instead we will have the FairTax, a simple tax based on wealth. When the FairTax becomes law, it will be like waving a magic wand releasing us from pain and unfairness," it says

Wednesday, January 2, 2008

I know when I received my initial letter from the IRS I was pretty freaked out but how exactly do you process a letter from the IRS wanting $2 million dollars? Despite all the illeagal gambling, I kinda feel for this guy...

Less than three months after his prison arrival, Reeves received a letter from the Internal Revenue Service that said he owed the government about $2 million.
happy new year, rev. al sharpton...