USPS: Review withholding to avoid penalties

The Internal Revenue Service (IRS) wants USPS and other employees to review their federal income tax withholding. Several tax law changes took effect last year. By checking your withholding now, you can avoid an unexpected bill or penalty at tax time. The IRS offers an online withholding calculator that can help you determine if you…

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Owner Of Vehicle Maintenance And Repair Companies Convicted Of Bribery And Tax Fraud

Press Release – December 20, 2018 Geoffrey S. Berman, the United States Attorney for the Southern District of New York, announced that IBRAHIM ISSA, a/k/a “Tony Issa,” was found guilty yesterday of bribery of public officials and tax fraud. A unanimous jury convicted ISSA after a two-week trial before Chief United States District Judge Colleen…

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USPS: Employees should review federal withholding

The Internal Revenue Service (IRS) wants USPS and other employees to review their federal income tax withholding. Several tax law changes took effect this year. By checking your withholding now, you can avoid an unexpected bill or penalty at tax time. The IRS offers an online withholding calculator that can help you determine if you…

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USPS: Benefit available to online TurboTax filers

The Postal Service is offering a free benefit that makes it easier for employees who use TurboTax to file their taxes. These employees can now automatically upload information from their W-2 and 1095-C forms into TurboTax software. The data will remain safeguarded within USPS information systems and will only be uploaded into TurboTax if the…

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Video: Really?! The IRS ships tax documents via UPS instead of Post Office

By KMOV.com Staff – May 6, 2015 Florissant accountant Terry Rasch is shaking his head and asking Really!?! All because of these simple unassuming tax forms shipped to his office courtesy of the IRS. He thought it was odd that the IRS would be shipping packages via UPS instead of using the United States Postal…

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IRS Can Now Withdraw Money from Your TSP Account to Collect on Tax Debts

(September 11, 2014) The Internal Revenue Service can now officially dip into federal employees’ retirement savings to recoup delinquent tax debts. The Federal Retirement Thrift Investment Board on Wednesday issued a final rule to implement a bill President Obama signed into law in early 2013 making TSP accounts subject to federal tax levies. Lawmakers who…

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Ensuring Timely Filing With Private Delivery Services

Most of us are aware of the timely-mailed-timely-filed  “mailbox rule” contained within the Internal Revenue Code. Most of us are probably also aware that a document mailed with a private delivery service may also qualify for the rule. However, as illustrated by the U.S. Tax Court’s recent decision in Sanders v. Commissioner, there are important…

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