Resources

12562 Resources for

internal revenue service

Subscribe to this listing via:
RSS
Email

BNET Resources

1099 Reporting Software From Balance Consulting Now Ready for IRS Test Filing: For businesses around the country, the year-end tax reporting season is looming. Form 1099 data must be accurately reported in payee statements, and this year it must be electronically reported to the IRS. Manchester 1099 Software ( http://www.manchester1099.com/index.php ) from Balance Consulting offers a dependable, secure solution, and the...; Tags: consulting, FINANCE, Internal Revenue Service, payment, software, Taxes; Research articles 2008-10-28
Mortgage rescue plans ignore tax consequences: The world is full of unintended consequences, and it's time the presidential candidates started thinking about them. The subject, my friends, is debt relief - and the unintended consequences might be a huge tax bill for the unburdened debtors. In separate statements at two...; Tags: accounting, asset, bank, FINANCE, Internal Revenue Service, mortgage, Taxes; Research articles 2008-10-24
Commentary: Good governance, best practices for nonprofits: Although initially challenged for delving into the realm of governance, the IRS has defended its position to obtain management and governance information in the new Form 990, based on its responsibility to properly administer the tax laws. The IRS believes a well governed organization is more likely...; Tags: Benefits, board, FINANCE, Internal Revenue Service; Research articles 2008-10-17
Commentary: Mortgage rescue plans ignore tax consequences: The world is full of unintended consequences, and it's time the presidential candidates started thinking about them. The subject, my friends, is debt relief -- and the unintended consequences might be a huge tax bill for the unburdened debtors. In separate statements at two debates,...; Tags: accounting, asset, bank, FINANCE, Internal Revenue Service, mortgage, Taxes; Research articles 2008-10-13
Commentary: The rules for private foundation dissolution: Many people who set up private foundations hope they will continue for generations. Yet a variety of factors conspire against that, ranging from the death of the original founder to a desire for greater privacy in charitable affairs. A popular solution is to dissolve the foundation and distribute...; Tags: asset, FINANCE, Internal Revenue Service, Taxes; Research articles 2008-10-10

New IRS form presents challenges for nonprofits and lawyers: Though it's not always easy to believe, changes in tax laws are generally made to help taxpayers. The Internal Revenue Service's new Form 990 might be an example of medicine that's ultimately helpful, even though it might not taste very good going down. A recent amendment to...; Tags: FINANCE, financial, Internal Revenue Service, nonprofit, Taxes; Research articles 2008-10-10
ASC X12 September 2008 Trimester Meeting Highlights: Participation and interest in the development and adoption of electronic data exchange standards continue to grow, as seen at the Accredited Standards Committee ASC X12 Trimester meeting, September 21-26, 2008 in Pittsburgh, PA. The X12 Steering Committee is grateful to its members, for developing several new proposals, and the Platinum...; Tags: e-business, E-business/E-commerce, EDI, Internal Revenue Service, INTERNET, Quality, SOFTWARE, standards; Research articles 2008-10-08
Financial Planner's Advice: Don't Tap Your Retirement Account!: SARASOTA, Fla. -- Don't make a costly mistake with your retirement money in today's turbulent financial markets, says Sarasota financial planner Phil Couture. "Do everything you can to avoid making withdrawals from your retirement accounts to meet immediate cash needs, and take steps to safeguard your long-term investments," said...; Tags: 401(k), bank, Benefits, FINANCE, income, Internal Revenue Service, Investment, Taxes; Research articles 2008-10-07
Tax liens: A tax lien is a legal claim filed in court by a government against a person or business owing taxes. Liens are civil, not criminal claims, and normally seek to attach money and/or property to pay the taxes. A list of liens is kept at the county courthouse showing whom...; Tags: FINANCE, Internal Revenue Service, Taxes; Research articles 2008-10-01
SCTN Obtains Official Written IRS Approval of an Offer In Compromise Settlement: Smart Chip Technologies (PINKSHEETS: SCTN) is pleased to announce that the company has obtained official written approval of an Offer In Compromise settlement from the IRS Appeals Division concerning the Company's past payroll tax liability. The settlement of this tax issue was reached after several years of negotiating with...; Tags: FINANCE, Internal Revenue Service, payment, payroll; Research articles 2008-09-30
As IRS Increases Enforcement, H&R Block Steps Up to Assist Taxpayers With Audit Support Services: In 2007, 1 in 97 tax returns were examined by the IRS, up from 1 in every 202 in 2000. That number is likely to rise again this year as the IRS steps up its efforts to close the $290 billion tax gap by increasing audit activity. In fact, starting...; Tags: audit, FINANCE, H&R Block Inc., Internal Revenue Service, Taxes; Research articles 2008-09-30
Commentary: Internal Revenue rulings roundup: Early issuance of updated draft Form 990 instructions In connection with the significant IRS project of redesigning Form 990 -- the annual information return required to be filed by tax-exempt organizations -- a revised draft of the detailed instructions was issued in August. ...; Tags: FINANCE, Internal Revenue Service, Taxes; Research articles 2008-09-26
Federal bankruptcy judge allows Okla.-based Boom Drilling to use: A federal bankruptcy judge issued an order Wednesday allowing Woodward-based Boom Drilling to use cash collateral to continue operations and pay expenses on an interim basis through Oct. 9, pending a final hearing on the company's motion. Boom and three affiliated companies filed for Chapter 11 protection on...; Tags: bankruptcy, creditor, Internal Revenue Service, Litigation; Research articles 2008-09-25
HSA updates answer some questions, but unlikely to spur account creation: Regulators have been busy the last few months providing clarity around moving IRA funds into health savings accounts, making smaller account contributions for highly paid workers and complying with testing periods. In the end, it's questionable whether these tweaks can stem the spreading belief that - given how complicated it...; Tags: Benefits, HEALTHCARE, Internal Revenue Service, worker; Research articles 2008-09-15
Tax liens: A tax lien is a legal claim filed in court by a government against a person or business owing taxes. Liens are civil, not criminal claims, and normally seek to attach money and/or property to pay the taxes. A list of liens is kept at the county courthouse showing whom...; Tags: FINANCE, Internal Revenue Service, Taxes; Research articles 2008-09-01
Check's in the mail? report finds employers owe billions in federal payroll taxes: In a report from the Government Accountability Office, congressional investigators say 1.6 million businesses did not send taxes to the IRS regarding employees' wages, Social Security and Medicare payments. [ILLUSTRATION OMITTED] Employers owe the IRS about $58 billion, over a 10-year period, in federal payroll taxes from employees'...; Tags: FINANCE, Government, Internal Revenue Service, payroll, salary; Research articles 2008-09-01
The Art of Appraisals: For some assets, there is only one way to find a true value, notes Adriane Berg, an attorney in Lebanon, N.J. "That's the price a willing buyer pays a willing seller at the moment of sale," she says. "Any time before or after, value is a matter of opinion." ...; Tags: appraisal, asset, attorney, estate, FINANCE, Internal Revenue Service, Investment, Taxes, valuation; Research articles 2008-09-01
Tax break on an IRA-to-HSA rollover may have little impact on enrollment: In an effort to spur funding of health savings accounts, the Internal Revenue Service recently issued guidance on boosting HSA balances with money from individual retirement accounts. Individuals covered by a high-deducible health plan that also own a traditional or Roth IRA can make a one-time IRA-to-HSA funding...; Tags: Benefits, FINANCE, HEALTHCARE, income, Internal Revenue Service, SOFTWARE, Taxes, worker; Research articles 2008-09-01
Tax Planning Rules for Ministers: Ministers are individuals who have devoted their lives to teaching, edification, and service to their church and other people. While some ministers may be excellent teachers, pastors, and mentors, many are unfamiliar with the special tax laws applicable to ministers. First, ministers may exclude from federal taxable income amounts designated...; Tags: allowance, FINANCE, income, Internal Revenue Service, minister, Taxes; Research articles 2008-09-01
Mortgage Forgiveness Debt Relief Act of 2007, The: By now almost all of you have heard about this tax act, hurriedly passed in the waning hours of 2007 - and a few of you may even really understand it. Unfortunately, a number of of you may have been caught in the sub-prime adjustable rate mortgage debacle and bumped...; Tags: FINANCE, income, Internal Revenue Service, mortgage, Mortgages, Taxes, tenant; Research articles 2008-09-01