The IRS has issued proposed regulations that require paid tax return preparers to file a due diligence checklist with any federal return claiming the Earned Income Credit (EIC), beginning in 2011.As a preparer, I have been required to complete this form and...

(AP)  PUNXSUTAWNEY, Pa. - Pennsylvania's Punxsutawney Phil emerged from his lair to "see" his shadow on Thursday, in the process predicting six more weeks of winter.But, at this rate, that might not be so bad.The groundhog made his "prediction" on Gobbler's Knob,...

WASHINGTON – The Internal Revenue Service and the Justice Department today announced the results of a massive national sweep cracking down on suspected identity theft perpetrators as part of a stepped-up effort against refund fraud and identity theft.Working with the...

Marriage Penalty Reliefhttp://archive.constantcontact.com/fs088/1102707121899/archive/1109197899590.html

You are required to file a federal income tax return if your income is above a certain level, which varies depending on your filing status, age and the type of income you receive. However, the Internal Revenue Service reminds taxpayers that some people should file...