Archives For Tax return (United States)

PLANNING FOR INDIVIDUALS [Part 4/7]

Same-Sex Marriage

On June 26, 2013, the U.S. Supreme Court struck down Section 3 of the Defense of Marriage Act in E.S. Windsor, 2013-1 ustc 50,400. The Court held that Section 3, which had defined marriage for federal purposes as the union of one man and one woman, was unconstitutional. Subsequently, the IRS announced a general rule in Rev. Rul. 2013-17 recognizing same-sex marriages nationwide. Continue Reading…

Due to the government shutdown this month, the IRS will delay the start of the tax-filing season by one to two weeks. The season for filing 2013 tax returns likely will start between Jan. 28 and Feb. 4, the agency said. Continue Reading…

20 fun quotes about taxation to help get your week off to a great start!

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With the recent storms and tornadoes that ripped through Oklahoma and Hurricane Sandy’s destruction of the Jersey shore area, many are looking to the IRS for some, if any, tax relief assistance.

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The IRS has admitted that its service to the public has been less than stellar.

“Between 2004 and 2012 the proportion of calls on its toll-free line it managed to answer fell from 87% to 68%, and the average wait rose from 3 minutes to 17. This year it is doing even worse.” Similarly, April 15th is the busiest day of the year for the IRS; however, the agency only answered 57% of the phone calls made that day.

Overall, the IRS budget has cut its own budget by 8%. In order to save extra money, the IRS will be closed 5 different business days this summer. Likewise, the IRS training budget has also been cut by 80%.

So the question becomes, who is to blame?

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If you haven’t filed your taxes or requested an extension, hope is not lost. April showers will still make May flowers, spring won’t stop springing, and the tax man isn’t about to kick down your door and seize all your property; at least, not yet.

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Happy Tax Day! Tax Day is known to make people depressed, angry and resentful, so we thought we’d share some light-hearted facts to help spread “The Joy of Tax Law.”

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