WASHINGTON — The Internal Revenue Service today announced that the spring 2012 issue of the Statistics of Income Bulletin is available to the general public. This issue features information on high-income individual income tax returns filed for tax year 2009. Taxpayers filed more than 3.9 million returns with adjusted gross incomes of $200,000 or more. [...]
Archive for category Gift Tax
If you gave money or property to someone as a gift, you may owe federal gift tax. Many gifts are not subject to the gift tax, but the IRS offers the following eight tips about gifts and the gift tax: 1. Most gifts are not subject to the gift tax. For example, there is usually no [...]
Mark Your Calendar…
Mar 9
MARCH 15 – Deadline for calendar-year corporations to elect S corporation status for 2012. 15 – Deadline for filing 2011 tax returns for calendar-year corporations. APRIL 2 – Deadline for payers who file electronically to file 2011 information returns (such as 1099s) with the IRS. 2 – Deadline for employers who file electronically to send [...]
WASHINGTON –– The Internal Revenue Service today issued its annual “Dirty Dozen” ranking of tax scams, reminding taxpayers to use caution during tax season to protect themselves against a wide range of schemes ranging from identity theft to return preparer fraud. The Dirty Dozen listing, compiled by the IRS each year, lists a variety of [...]
WASHINGTON –– Hiding income in offshore accounts, identity theft, return preparer fraud, and filing false or misleading tax forms top the annual list of “dirty dozen” tax scams in 2011, the Internal Revenue Service announced today. “The Dirty Dozen represents the worst of the worst tax scams,” IRS Commissioner Doug Shulman said. “Don’t fall prey [...]
If you give someone money or property during your life, you may be subject to the federal gift tax. Most gifts are not subject to the gift tax, but the IRS has put together the following eight tips to help you determine if your gift is taxable. 1. Most gifts are not subject to the [...]
