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Hi, Friend. Here are your Articles for January 30, 2008.
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 The IRS continues to increase activity in a number of key enforcement areas. The IRS is showing consistent improvements in areas critical to maintaining a fair, efficient tax system while bringing billions of additional dollars into the Treasury. At the same time, the agency continues to improve service to taxpayers. The IRS enforcement efforts increased again in fiscal year 2007. Overall, the total individual returns audited increased by 7 percent. Audits of businesses in general rose almost 14 percent from the prior year's total, with S Corporations and partnerships both rising over 25 percent. Read on for more details. |
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Our firm provides the information in this e-newsletter for general guidance only, and does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making any decision or taking any action, you should consult a professional adviser who has been provided with all pertinent facts relevant to your particular situation.
The drafter of the tax articles in this e-newsletter did not intend nor write the advice to be used to avoid any penalty imposed by a taxing authority, nor may any user/recipient of this document use this document's written tax advice for that purpose. This document's tax advice was written specifically to support the promotion or marketing of the transaction/matter addressed by the written tax advice. Therefore, any user/recipient of this document should seek an independent tax professional's advice regarding the user/recipient's particular circumstances.
The information is provided "as is," with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.
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The Internal Revenue Service (IRS) has finally spoken. In their document, "
Do you want to retire before reaching your full Social Security retirement age and work part-time? If so, you need to read this article so you can start planning to preserve your Social Security benefits. We'll explain the rules involving how much you can earn and still qualify for full Social Security benefits, along with when you will reach "full retirement age" in the eyes of the federal government.
Keep your corporation in good standing by understanding what your state's corporate regulator requires. The Corporation Commission is involved in numerous organizational tasks, including filing annual reports, paying fees and changing directors. Read the "Full Article" to learn the basics.
