There is a general implicit agreement between Congress and the IRS regarding tax changes. Congress agrees to make all tax code changes before November, but broker the agreement this year.If you think you are the only one with tax deadlines, you are not. In a wickedly funny twist, the IRS also has them. Specifically, they [...]

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The IRS is offering a new split tax refund option this year for parties that choose direct deposit for their tax refunds. Why? The agency wants to promote savings.Let’s be honest. What is the first thing you do when you get a tax refund? Do you pay off bills? Do you put it in your [...]

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We are from the government and we are here to help you. Most people would run screaming at this point. In this case, it is good news. The IRS is offer free tax helpThe tax code is huge. Throw in the regulations interpreting the code and it is gargantuan. Each of us is assumed to [...]

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For those of you who don’t know me, my name is Ron Piner and I’m a practicing CPA in Maryland. From the time I was a young fellow in high school, I knew I wanted to be an accountant. Believe it or not, when I attended the University of Maryland, all I could think about [...]

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The IRS has an office within it that most people are completely unaware of – the national taxpayer advocate. What does the advocate due? The office helps you deal with the IRS when it gets to aggressive.Each year, the taxpayer advocate kicks out a report on the overall tax situation. The report is designed to [...]

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The 1099 tax designation refers to what are known as information returns. The IRS collects them to track revenues paid to individuals. Here is how you fill out the form.Preparing 1099-MISC FormsThe 1099-MISC form is known as the “independent contractor” form. Essentially, it is a form filed with the IRS that tells them how much [...]

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As you probably know, the IRS has a form for just about everything. Some forms are known as informational, and the 1099-MISC form is one of them.The IRS is the ultimate form of big brother when it comes to the government. A lot of money moves about the US economy and the IRS needs to [...]

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The dawning of a new year is also the dawning of the beginning of the tax season. One of the first things you need to deal with are 1099 forms.1099 forms are IRS documents. They are known as information tax returns. You do not have to pay any money with them. Instead, they simply tell [...]

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One of the greatest tax gifts is the principle residence rules for capital gains on the sale of your home. So great is the principle residence tax exclusion that even married couples filing jointly are benefited to the same, if not greater, extent as single taxpayers. Now, some people may argue that there have [...]

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A “home” office can be in a house, apartment, loft, condominium, trailer, mobile home, or boat. The term also includes any separate structure that is part of your residence, such as a garage or barn. You can deduct the expenses directly related to your home office, such as utilities, insurance, property taxes, etc. You must, [...]

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