Author: Jay Kossen, CPA

I recently read a good article on LLC Basics written by Nellie Akalp. In reading the article I was quickly reminded of mistakes that I generally see when people are …

The IRS has just recently released its list of the 2011 top tax scams. Several of these make the list every year despite numerous IRS court victories and enforcement actions. …

The IRS has released form 1127-A that could provide penalty relief to select taxpayers if they are able to pay the balance due on their 2011 individual tax return by …

Effective March 1, 2012 taxpayers who file a joint tax return can no longer send in a jointly signed IRS Power of Attorney Form 2848. Each taxpayer on a joint …

The IRS has recently released this handy tool on their website www.irs.gov to help you in preparing your 2011 tax return. Due to the fact that this credit originally started …

Beginning on Jan. 1, 2012, the standard mileage rates for the use of a car, van, or pickup truck will be: 55.5 cents per mile for business miles driven 23 …

The IRS just recently issued some revised tax numbers for 2012. Here are a few highlights: Standard Deduction: $11,900 for married couples filing a joint return. Personal Exemption: $3,800 Annual …