Tag Archives: IRS

It’s really happening!

No Gravatar

So, is this a promise being kept or a follow-up to a threat?

The IRS now plans- in 2024, to offer a “Direct File” program that really is a direct file.  With a test base of 13 states, the IRS will invite taxpayers to file their taxes using software provided by the IRS.  The software will be in English and Spanish, working on computers and mobile phones.

Continue reading It’s really happening!

Share this:
Share this page via Email Share this page via Stumble Upon Share this page via Digg this Share this page via Facebook Share this page via Twitter
Share

The IRS makes it easier to respond!

No Gravatar

I hope most of you have not been bamboozled by the GOP claims that the new funds we (that means the budget) have provided the IRS have only on purpose.   And that was purported to be to hound the general (read lower half or 60%) population taxpayer.  Sorry, folks,  nothing could be further from the truth.

Continue reading The IRS makes it easier to respond!

Share this:
Share this page via Email Share this page via Stumble Upon Share this page via Digg this Share this page via Facebook Share this page via Twitter
Share

Pipe Dream- or First Step?

No Gravatar

Here’s something else that was in that tax bill. One I kind of glossed over.

And, I can guarantee that this provision- which is only a feasibility determination- if the IRS elects to proceed, there will be a LOT of screaming and yelling.  Not from me- I’m all for it.  But, Intuit (aka Turbotax),  Jackson Hewitt, H&R Block and a slew of other tax preparers are clearly not in favor of this idea at all.IRS Free File

Continue reading Pipe Dream- or First Step?

Share this:
Share this page via Email Share this page via Stumble Upon Share this page via Digg this Share this page via Facebook Share this page via Twitter
Share

IRA to Charity- Benefits and Pitfalls

No Gravatar

It’s become vogue for our wealthier seniors (those whose finances do not rely on the need for IRA distributions) to make qualified charitable distributions.  That is when all or part of the annual RMD (required minimum distribution) is funneled directly to a charity- without once taking possession of the funds.  The funds that are directly channeled do not count as part of the donor’s taxable income.

Continue reading IRA to Charity- Benefits and Pitfalls

Share this:
Share this page via Email Share this page via Stumble Upon Share this page via Digg this Share this page via Facebook Share this page via Twitter
Share