With the recent increase in home prices in a lot of areas across the U.S., a lot of people now are ready to put their houses on the market. There might be a tax situation now and people need to plan for that. Here is a post by Glenn Ruffenach in Market Watch in the Wall Street Journal:http://blogs.marketwatch.com/encore/2013/06/24/will-you-owe-taxes-on-your-home-sale/Just make sure there are no surprises if you put your home on the market! For financial, accounting and tax musings,You can count on us to count for you! email bstonercpa@sbcglobal.net phone 818-317-6035 Website www.briantstonercpa.com
IRS at Nite: The Lost Episodes
Now that it appears the IRS parody videos are coming to an end, this article by Michael Cohn in AccountingToday speculates on some other videos that were never made:http://www.accountingtoday.com/news/IRS-Nite-Lost-Episodes-67161-1.htmlI always thought the IRS playing The Three Stooges was always in character. For financial, accounting and tax musings,You can count on us to count for you! email bstonercpa@sbcglobal.net phone 818-317-6035 Website www.briantstonercpa.com
IRS Should Work More Closely with Preparers
The IRS Electronic Tax Administration Advisory Committee (ETAAC) is reporting to Congress that the IRS work more closely with preparers on compliance with electronic tax administration issues. See this article in AccountingToday by Jeff Stimpson:http://www.accountingtoday.com/news/etaac-says-irs-should-work-more-closely-with-preparers-67163-1.html?ET=webcpa:e7270:204199a:&st=emailIt looks like with preparer help it will make the Service more able to respond to information requests and streamline paper flow in both directions, which will get things done a lot faster, which is always good news. For financial, accounting and tax musings,You can count on us to count for you! email bstonercpa@sbcglobal.net phone 818-317-6035 Website www.briantstonercpa.com