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  • General Tax and IRS Information (KSLA-TV Shreveport)
    National Taxpayer Advocate Nina E. Olson has released her annual report to Congress, designating the alternative minimum tax for individuals (AMT) and the federal tax gap as the most serious problems facing taxpayers.
  • 2006 IRS E-file (WLBT 3)
    More and more Americans are choosing e-file, which lets them easily file an accurate tax return or get an extension of time to file without sending any paper to the Internal Revenue Service.
  • IRS has less of a clench on penalties (El Paso Times)
    I hate to pay penalties, including credit card penalties, bank penalties, and especially -- IRS penalties. But there is good news. Recently, Congress and the U.S. Tax Court have made it more difficult for the IRS to impose penalties. Here's the story.
  • Anti-terrorism program mines IRS' records (Los Angeles Times)
    Privacy advocates are concerned that tax data and other information may be used improperly. WASHINGTON — Federal intelligence and law enforcement agencies increasingly rely on the Internal Revenue Service and other government repositories of personal financial information as an important source for leads in terrorism investigations.
  • IRS Agent Honored For Saving Historic Building (CBS4 Denver)
    Harrison and the IRS have been honored by the Advisory Council on Historic Preservation, another federal agency, for protecting the historic castle which stands outside of Carbondale. The IRS received the council's Chairman's Award for Federal Achievement in Historic Preservation.



What are CPA - Tax Moms?

CPA Moms no 7“CPA - Tax Moms” are trade names given to Accounting and Tax Professionals who chose to work in an “relaxed” environment. 


This is a picture of Debbie.   She is experienced with tax adoption credit. Two of grand children are adopted.  She is the mother of five growth children.  

Some "Mom" work from home, other work from personal offices.   Debbie works from a relaxed office. 

Not all are Moms, there are some Dads.  We call them Mr. Tax Moms and CPA Dads. 


Each Mom is independent.  Once you start working with a Mom, you will keep the same “Mom” year after year regardless of where you move or relocate.


Being in a “relaxed” environment has many advantages.  Lower overhead, faster response time, more availability, etc.
 
To be a member of the CPA or Tax Moms, the Tax Professional must ALWAYS be in good standing with their state licensing agency (if there is one), experienced, and must demonstrate  a high level of ethics, professionalism and proficiency. 


Tax Net Inc, the parent company, has developed marketing and on line systems to help qualified Tax

Professionals work from their “relaxed” environment and offer better service at a lower price to the consumer. 


Since the “Moms” do taxes and accounting of all complexities, there is always a Mom available for every level of work.   Since each Mom has a private 800 number, you are just a phone call away, regardless of where you live.


For reliability and dependability of the “Moms” organization click on the Better Business Bureau icon below.





 


IRS Holding $2 Billion In Unclaimed Tax Refunds

 

Richard A. Chapo

 



Every year, the IRS announces that it is holding unclaimed tax refunds. Taxpayers have a limited time to claim the $2 billion dollars the IRS is currently holding.
Three years is a magical number when it comes to tax returns. It refers to the statute of limitations on certain tax issues such as when an audit can occur, when refunds can be claimed and when amended tax returns can be filed. The IRS is currently holding $2 billion dollars in unclaimed tax refunds for the 2002 tax year and taxpayers must file their claims by April 17, 2006 or lose the refunds forever.
Approximately 1.7 million people are due refunds out of the $2 billion dollars currently held by the IRS. These people have refunds due because they failed to file tax returns for 2002. This occurred most likely because people felt they did not make enough money to warrant filing a tax return. By failing to file, however, they have left $570 on average with the IRS.
If a taxpayer fails to claim the tax refund by filing a tax return for 2002, the money will default to the federal government. Importantly, there is no penalty associated for filing late if a taxpayer is due a tax refund. This is common misconception among non-filers.
One group of taxpayers that almost always has a large percentage of non-filers is military personnel. Obviously, it is a bit hard to file from Afghanistan, but now is the time to do so for 2002. Members of the military that failed to file in 2002 are owed an average of $749 per taxpayer.
The IRS releases demographic on the areas in the United States where refunds are due. To this end, California and Texas are the states where the most individuals are due refunds while Idaho has only 6,200 people due a refund.
Nobody finds filing taxes an exciting prospect. The pain is much less, however, is you know you are due a refund. If you failed to file in 2002, you might be throwing away a nice little chunk of change.

 

Richard A. Chapo is with http://www.businesstaxrecovery.com - recovery of business taxes through tax help and tax relief. Visit http://www.businesstaxrecovery.com/articles to read more business tax articles.


On the pages of this web site you will find additional tax information that has been collected from many independent sources.   Each article or news item offers a different point of view, but not necessary the CPA Moms.

This information is for general information only. 

   If you desire to ask a specific question, feel free to contact me.


 

 
 

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