The Internal Revenue Service today announced the opening of a new online registration system for financial institutions that need to register with the IRS under the Foreign Account Tax Compliance Act (FATCA).
Monday night the IRS confirmed that they posted around 100,000 Social Security numbers by mistake on a government website. The Social Security numbers were added to an IRS database called 527s, which is for tax-exempt political groups.
Shreveport's IRS office on Knight St. was the site of a local Tea Party protest today. Members of the Red River Tea Party rallied to show their disdain for the federal tax organization's biased treatment of Tea Party and other right-wing groups.
All this week I am posting Tax Tips. This fourth tip addresses those who are self employeed. Tomorrow's tip will feature the "Fresh Start Initiative". .
If you're self-employed and paying for medical, dental or long-term care insurance, the IRS wants to remind you about a special tax deduction for some insurance premiums paid for you, your spouse, and your dependents...