Q&A: Tax expert explains what's new this year

Mercury News
By Sue McAllister

Claudia Hill knows so much about taxes that she's testified in front of two U.S. Senate committees on the subject, including the dreaded Alternative Minimum Tax (AMT), a thorn in the side of many Silicon Valley workers. She is an Enrolled Agent, meaning she has passed a federal government test allowing her to represent clients in disputes with the Internal Revenue Service, and she's spent more than 30 years helping people navigate tax season. She sat down last week with Mercury News reporter Sue McAllister to talk about what's new this year. Here is an edited transcript of that interview.

(Read More)

Print-Friendly

Send to Friend

Ask a Question

Taxes: How to Cheat Like a Pro

Forbes Magazine
By Janet Novack and Ashlea Ebeling

If it's not reported on a W-2 or 1099, who's to know? Not the IRS, taxpayers figure. But watch out. You can still get caught.

Before bowing out as nominee for health czar, Thomas A. Daschle explained as best he could how he managed to overlook $340,000 of income on his 2005 through 2007 tax returns. His reason: The income (some cash and a lot of chauffeuring) didn't show up on his 1099s. These are the forms self-employed people such as influence peddlers receive instead of W-2 wage statements.
(Read More)

Print-Friendly

Send to Friend

Ask a Question

The IRS Has A New Weapon: Your Tax Pro

Wall Street Journal
By Tom Herman

A new law that puts the onus on tax preparers to head off tax dodging is expected to lead to more paperwork and higher fees for some taxpayers.

The law is intended to make preparers more cautious about signing tax returns that include questionable or aggressive tax items without disclosing the details to the Internal Revenue Service on a special form. Stiff penalties may be imposed not only on income-tax preparers, but also on those who prepare estate- and gift-tax returns, employment and excise-tax returns, and returns of tax-exempt organizations.

(Read More)

Print-Friendly

Send to Friend

Ask a Question

SEMINAR SPEAKERS & COURSE AUTHORS

ClientWhys CPE About Us
Read below what ClientWhys has to say about Claudia

Claudia Hill

Claudia Hill is a nationally recognized tax professional and frequent lecturer on taxation of individuals, tax planning and representation before the IRS. She is Editor in Chief of the CCH, Inc." Journal of Tax Practice & Procedure" and is a Contributing Author of Practitioner's Publishing Company's "Guide to Dealing with the IRS." She is often called upon by the news media as a resource person for tax topics for periodicals such as WORTH, Money, Wall St. Journal, the San Jose Mercury News and many others.

(Read More)