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Tag Archives: taxpayers
When Proof of Payment Is Not Enough
Written by: Karen Reed, EA Two recent Tax Court decisions reinforce the need for taxpayer vigilance in obtaining proper documentation to support items claimed on federal income tax returns. In both cases, legitimate deductions were denied because the taxpayers did … Continue reading
Late Legislation Leads to IRS Delays in Tax Return Processing
Written by: Karen Reed, EA The good news is that the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 was finally passed in December. We have two more years of lower income tax rates and AMT relief, … Continue reading