Posts Tagged ‘wall street journal. irs’

Cat Volunteer Wins Case for IRS Tax Relief Deductions in Tax Court

Tuesday, June 21st, 2011

Jan Van Dusen, a volunteer for a cat rescue program, recently went to battle with Tax Court to deduct expenses for the care of some 70 plus cats. The article Stray Cat Strut: Woman Beats IRS published in the Wall Street Journal outlines how Ms. Van Dusen won her case against the tax court in her argument for the deduction for over $12,000 in bills accumulated for the care of
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Charitable Deductions Can Help with Tax Relief, but the IRS Wants the Proof

Friday, June 17th, 2011

Charitable donations are a great way for individuals to help out meaningful causes and to also gain a little tax relief when it comes time to cut the check to the IRS.  A new article, One Easy Way to Lose that Charitable Deduction by the Wall Street Journal, highlights the importance of getting the proper documentation for every charitable donation you make over $250 dollars. Without the recognized “letter” from
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Small Businesses Tax News: SBOs Push Back on IRS request for Electronic Files

Tuesday, May 31st, 2011

In a recent article by Laura Saunders of the Wall Street Journal called Small Businesses Fight IRS over Data, the news that the IRS is asking companies they are auditing to hand over electronic records that they store in their business software programs.  (Source: a letter from an agency official to the American Institute of CPAs).
According to the article the fear from the American Institute of CPAs “fears this will
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