Executive's Tax & Management Report articles

Recent articles from Executive's Tax & Management Report

Late AMT patch causes filing delay for some.(alternative minimum tax )
February 1, 2008... President Bush signed a one-year extension of the alternative minimum tax (AMT) patch on December 26, giving millions of taxpayers something to celebrate in the new year: relief from the AMT. Without the extension, an estimated 25 million taxpayers would have faced an average of $2,000...

Fast track settlement program gaining speed.(Brief article)
February 1, 2008... Small businesses and self-employed taxpayers in eight areas of the country will now be able to participate in the IRS's Fast Track Settlement program. Under the program, taxpayers under examination by the IRS's Small Business/ Self-Employed Division can participate in the Fast Track...

Tax filing tips to keep in mind.(Brief article)
February 1, 2008... Procrastinators, beware. Waiting until mid-April to file your federal income tax return not only increases the potential for mistakes made in haste but also delays your receipt of a refund, if you' re eligible for one. The IRS has released a list of seven tips to help you get a...

Late-year changes, cancelled debt income pose concerns.(DEALING WITH THE IRS)
February 1, 2008... Late-year tax code changes may mean that taxpayers are missing out on tax deductions to which they are entitled, National Taxpayer Advocate Nina E. Olson wrote in her 2007 Annual Report to Congress. Each year, the National Taxpayer Advocate is required by statute to submit a report to...

Most serious problems faced by taxpayers.(DEALING WITH THE IRS)(Brief article)
February 1, 2008... Following is the complete list of the 26 most serious problems facing taxpayers, as identified by National Taxpayer Advocate Nina E. Olson in her 2007 Annual Report to Congress: 1. Impact of late-year tax law changes on taxpayers 2. Tax consequences of cancellation of debt income ...