Monthly Archives: August 2011

WASHINGTON — The Internal Revenue Service today announced availability of the summer 2011 issue of the Statistics of Income Bulletin, which features sole proprietorship data for tax year 2009. Nearly 22.7 million individual income tax returns reported nonfarm sole proprietorship … Continue reading →

WASHINGTON – The Internal Revenue Service today announced that interest rates will decrease for the calendar quarter beginning Oct. 1, 2011.  The rates will be:  three (3) percent for overpayments [two (2) percent in the case of a corporation]; three … Continue reading →

WASHINGTON — U.S. taxpayers hiding income in undisclosed offshore accounts are running out of time to take advantage of a soon-to-expire opportunity to come forward and get their taxes current with the Internal Revenue Service. The IRS today reminded taxpayers … Continue reading →

WASHINGTON – The Internal Revenue Service issued guidance today on the treatment of basis for certain estates of decedents who died in 2010.  The guidance assists executors who are making the choice to opt out of the estate tax and … Continue reading →

WASHINGTON —The Internal Revenue Service today announced the selection of Victoria Judson for the position of Division Counsel/Associate Chief Counsel (Tax Exempt and Government Entities) effective Aug. 28, 2011. “I am pleased that Vicki Judson is resuming her government service,” … Continue reading →