Watch out! Over the past several years the IRS has been challenged with closing the tax gap (the difference between what the IRS actually collects and what the economists estimate it is due). This has been popular inside the beltway because it increases revenues without increasing taxes. As the tax code gets increasingly complex, the [...]
Filed under: TaxBrain.com_Updates | Tagged: enforcement, IRS_Audit, TaxBrain.com_Updates, tax_gap | 1 Comment »
Starting this May, tax rebate checks will be mailed to approximately 117 million middle-and low-income taxpayers as part of the 2008 Economic Stimulus Act.
How Much Will You Get? Qualifying single filers (AGI less than $75,000) will get a rebate of up to $600. Qualifying joint filers (AGI less than $150,000) will get a rebate of [...]
Filed under: TaxBrain.com_Updates | Tagged: economic_stimulus, IRS, TaxBrain.com_Updates, Tax_Advice, tax_rebate | Leave a Comment »
