On Monday, Sept 28, Virginia Governor Timothy Kaine announced a tax amnesty program to be administered by the Virginia Department of Taxation. The Commonwealth aims to collect $48 million during the very short amnesty period. The program runs from October 7, 2009 to December 5, 2009. Most, but not all, taxpayers who are delinquent are [...]
Important Information if you have a hidden offshore account - Deadline is Extended. In a press release issued today from Washington, the Internal Revenue Service announced it is extending the voluntary disclosure deadline from Sept 23, 2009, to October 15, 2009. In March the IRS issued special provisions to allow taxpayers with unreported income from [...]
Are you behind in filing your income tax or payroll tax returns? Do you have one or more years of unfiled tax returns? If so, be careful who you choose to help you get caught up. The IRS wants to start regulating paid tax preparers used by more than half the nation's taxpayers in an [...]
We need to ensure that we balance our responsibility to enforce the law with the economic realities facing many American citizens today. We want to go the extra mile to help taxpayers, especially those whove done the right thing in the past and are facing unusual hardships. These comments were made by Internal Revenue Service [...]
According to a recent article in the Washington Post, Virginia is increasing its spending in its efforts to collect unpaid taxes. The state has hired 55 workers at a cost of $1.2 million while eliminating jobs in other areas and cutting core government services in its efforts to address a $2.9 billion shortfall. According to [...]
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