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The Internal Revenue Service today reminded people with home-based businesses that this year for the first time they can choose a new simplified option for claiming the deduction for business use of a home.
In tax year 2011, the most recent year for which figures are available, some 3.3 million taxpayers claimed...
BY JEANNA SMIALEK



BLOOMBERG
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The House Committee on Oversight and Government Reform reports that the IRS had a political agenda in regulating tax-exempt organizations

Read more here - ...
from the Wall Street Journal
by Ben Leubsdorf and Jeffrey Sparshott
WASHINGTON—The U.S. labor market in February picked up from recent months, though growth remained measured and the unemployment rate stubbornly high.
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(Bloomberg) House Speaker John Boehner said an IRS official should be held in contempt if she continues to refuse to testify on the agency’s scrutiny of Tea Party groups.
Lois Lerner, who retired from the Internal Revenue Service in September amid the inquiry, exercised her Fifth Amendment right against self-incrimination at a...
The Internal Revenue Service said Thursday that only three weeks after the opening of tax season, it has already received about one-third of the individual income tax returns it expects to receive in 2014.
The IRS reported that tax season has gone smoothly so far, despite the two-week delay before kicking off tax season on January 31...

Bloomberg BNA is offering a free 7 day trial subscription to their Daily Tax Report. Even if you're already working with the accounting firm of Neikirk, Mahoney & Smith CPAs, you might find this a handy tool. 
Sign up here ->  FREE 7-day trial subscription to the Daily Tax Report and receive a complimentary copy of our highly-anticipated 2014...
Many people hire an independent tax professional or a reputable accounting firm when it’s time to file their tax return. If you pay someone to prepare your federal income tax return, the IRS urges you to choose that person wisely. Even if you don’t prepare your own return, you’re still legally responsible for what is on it.
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The Internal Revenue Service is warning taxpayers to be sure to notify your accountant or the Social Security Administration before they file their taxes if they have changed their own name or the name of one of their dependents has changed. Otherwise their tax refund could be delayed.
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