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Internal Revenue Service

PoundCoins-tax

Tax owed on full sale price where taxpayer won’t provide cost basis information

06/05/2014(0)
The Eleventh Circuit Court of Appeals upheld a deficiency notice of more than $5 million against a taxpayer who reported adjusted gross income of $22,921 and taxable income of ... Read More
A man doing his taxes using a calculator and pencil on a white background

IRS Expects Millions of Amended Tax Returns

28/04/2014(0)
The Internal Revenue Service anticipates that nearly 5 million taxpayers will amend their returns by filing Form 1040X this year. Nearly 46 million returns were electronically filed from home ... Read More
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