Income Taxes

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 Wisconsin Gov. Signs Bipartisan Ag Business Tax Law

April 18, 2014 

Wisconsin Gov. Signs Bipartisan Ag Business Tax Law

A new Wisconsin law expanding tax exemptions for updating agricultural businesses such as feed mills "essentially levels the playing field for local companies and farmers," said Senate co-sponsor Jennifer Shilling, D-La Crosse.

 Tax Refunds Up and More Americans Filing on Home Computers

April 16, 2014 

Tax Refunds Up and More Americans Filing on Home Computers

Even with the 10-day delay to this year's income tax filing season, the IRS has issued more in tax refunds compared to this point last year and more U.S. taxpayers used their home computers to file their returns, according to a report published today by the Treasury Inspector General for Tax Administration (TIGTA), which oversees…

Isaac M. O'Bannon

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April 15, 2014 

April 15 – Failing to File Taxes Can be Painful

By law, the IRS can assess penalties to taxpayers for failing to file a tax return and for failing to pay taxes. But the failure-to-file penalty is generally higher than the failure-to-pay penalty.

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April 15, 2014 

Is the IRS Doing Enough to Combat Identity Theft?

But with income tax refund identity theft rapidly becoming a scourge, is the less than 300 cases for 2014 keeping up or even putting a dent in the epidemic? After all, in 2013 alone, there were 33,000 claims of identity theft just in Florida, one of the hardest hit states because of the abundance of…

Isaac M. O'Bannon

 More Americans are Saving Income Tax Refunds

April 14, 2014 

More Americans are Saving Income Tax Refunds

April 15 is a day away and for the millions of American taxpayers who expect or have already filed and received a refund there's some surprising news. More than two thirds have decided to save their refund.

 Debunking Common Income Tax Myths

April 14, 2014 

Debunking Common Income Tax Myths

The Internal Revenue Service has released the 2014 version of “The Truth about Frivolous Tax Arguments.” The document describes and responds to some of the common frivolous tax arguments made by those who oppose compliance with federal tax laws. The cases cited demonstrate how frivolous arguments are treated by the IRS and the courts. The…