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Tax Tips & News: Income Tax News

IRS Awards Whistleblower $4.5M

1 minute read

The IRS has implemented a rewards program for whistle-blowers that will get them a portion of the taxes administered from the case if they notify the IRS of a discrepancy.

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Congress Finally Passed a Tax Deal

2 minutes read

Congress was finally able to come to an agreement regarding the tax cuts that were set to expire at the end of this year.  They have passed a bill that will effect all income levels.   The bill will basically keep the Bush era tax cuts and allow for a few other tax saving provisions.  Lawmakers did not think it would be prudent to increase taxes in this economy and their plan is to give tax savings that will allow for economic growth.

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