The IRS Audit Blog

Archive for June, 2008

A Look at 2010 and Beyond

It would be an interesting, albeit purely academic exercise to imagine how the advertising industry would look right now if we hadn’t been hit with the biggest economic downturn since the 1930s.

Tax deduction cool tricks

KPMG’s Audit Committee Institute Offers Annual ‘Ten To-Do’s for Audit Committees in 2010′

Corporate audit committee members know they have a sizeable task in 2010 as they confront high shareholder expectations, new regulations and legislative reforms, and a tenuous economic recovery,” said Mary Pat McCarthy, executive director of the Audit Committee Institute and a Vice Chair of KPMG LLP, the U.S. audit, tax and advisory firm.

How to Avoid an IRS Tax Audit : How to Report Tips to the IRS

Question: Where do I send my e-file taxes?

I have until tomorrow to get these mailed out so please help me out. I went on irs.gov and did the e-file for free. I filled out the 1040 A but i sent that e-file and since i did it online it says send a 8453-OL paper signed to the irs. So i have that completed and now im stuck with the ohio state tax forms. There are 4 papers. I did e-file but I have to send these in somewhere. It says IT 1040 if that helps. This is my first time filing on my own and plus doing it myself online. I sign all the papers for the state and it says to put the payment enclosed and send to ohio department of taxaction, but online I marked for my 15 dollars I owe to state taxes to be deducted out of my refund but thers no info about that on here? Theres also a ohio- IT-40P income tax payment voucher that was printed out? Whats this for? It says include this voucher and check or money order to ohio treasurer of state. If you are not enclosing this voucher w/ ohio income tax return mail to ohio taxation?????

Answer: First of all the 8453-OL gets mailed to the IRS. It does not have to be mailed by April 17th, but you should mail it soon so you don’t forget about it.

If you e-filed your Ohio return, you don’t want to mail it in as well. The Ohio IR-40-P payment voucher should only generate when you e-file and have a balance due. Otherwise you just mail your payment with your return. It gets mailed to the state of Ohio with your balance due. This should be mailed by tax day to be considered paid on time.

I don’t know anything about withholding your state balance due from your federal refund. I have never heard of that. That is not something the IRS does, so it may be a bank product offered by the company you are filing through.

Choose the tax form that fits your needs

To file your 2009 individual tax return, you’ll have to decide which form to use unless you e-file. If you file electronically, the software automatically selects the simplest and best form for you. Whether you use e-file or prepare on paper, using the simplest form will help avoid costly errors or processing delays. And remember, if you file electronically, it speeds up the processing of your …

Tax Tips: Ask Your Tax Preparer to e-File – January 2010

METRO – IRS Office Open Saturday, Feb. 20;

The Minneapolis Internal Revenue Service office will open its doors on Saturday, Feb. 20, 2010, along with 200 other IRS Taxpayer Assistance Centers (TAC) nationwide. From 9 a.m. until 2 p.m., IRS staff at 250 Marquette Ave. will help taxpayers dealing with difficult economic times.

(HQ) URGENT ALERT: Feds Seizing Sovereign Indian Land, Outrageous Demands – Crow Creek, SD

DEVELOPMENT UPDATE: THURSDAY, JANUARY 28

Updates include: Neil Patrick Harris to host CBS’s “The Cube”; NBC, FOX order more pilots; and Martin Henderson to topline ABC’s “Off the Map.”

Denver Tax Help | What Is An IRS Tax Lien?