Category Archives: Tax News

Updates in income taxes and tax problem resolution and IRS news

Good News – Business Cell Phone Tax Deduction

We love good news that makes tax record-keeping easier! If  your employees use cell phones for business, the rules for deducting the expense have gotten much easier. Previously, a cell phone was considered by the IRS to be “listed property,” … Continue reading

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Supreme Court Hands One to the IRS (and many more…)

Per this analysis from Taxes -the Tax Magazine, the Supreme Court has decided in favor of the IRS in a suit brought by the Mayo Foundation. The details of the suit are not important unless you are a resident physician who … Continue reading

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Blog Carnivals 2011-03-30

Thanks so much to Money Beagle for listing my post about Audit Risks at the Carnival of Personal Finance and Don’t Mess With Taxes Tax Blog Carnival for listing my small business taxes book review. It’s great to see what others … Continue reading

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Audit Risk Highest on $10Million+ Income

Recently released data from the IRS shows that 19% of  income tax returns showing an Adjusted Gross Income (AGI) of $10,000,000 or more were examined in 2010 even though they were just .01% of all returns submitted that year. That’s … Continue reading

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Hello world! from Wendy Litten, EA

Welcome to my new blog, exploring issues in tax problem-solving. The odds of running afoul of the IRS or a state tax authority seem to be growing every year. I hope to share information that anyone can use in these … Continue reading

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