Category

IRS News

IRS News
May 5, 2015

Certified Tax Return

When a copy of your tax return isn't sufficient proof of your income, obtain a certified copy from the Internal Revenue Service. The IRS offers two classifications of proof – a tax transcript and a certified return. A tax transcript, which the IRS provides free of charge, includes only an…
Read More
IRS News
January 25, 2015

New Tax Reform Ideas As Of January 2015

New and not-so-new ideas: Allow the Bush-era tax rate cuts for higher-income earners to expire, making the top individual income tax rate 36.9 percent. Institute the "Buffett Rule" to add a new tax rate for households making more than $1 million a year. Buffett is a true American who says he…
Read More
IRS News
January 9, 2014

IRS 2013 Report Card, Sequestration, etc.

IRS Releases FY2013 2006 Enforcement Stats The IRS has released Fiscal Year 2013 Enforcement and Service Results, showing among other things: Individual audit rate:  0.96% (lowest since 2005) Large corporation audit rate: 15.8% (lowest since 2009) Revenue from audits:  $9.8 billion (lowest since 2003) Number of IRS agents:  19,531 (lowest since…
Read More