IRS Employee Stole Tax Payer Refunds and Filed Fraud Returns

IRS Employee Stole Tax Payer Refunds and Filed Fraud Returns

A former Internal Revenue Service employee in US, Thomas W Richardson of Mansfield, Texas was sentenced to prison for nine years nearly since he was found guilty of identity theft…

IRS Warns of Late Refunds – Check Your Status Now

IRS Warns of Late Refunds – Check Your Status Now

The Internal Revenue Service has pointed out the fact that refunds have a possibility of getting delayed by about a week. Since this tax season the new anti-fraud measures will…

IRS Announces Offshore Voluntary Disclosure Initiative

IRS Announces Offshore Voluntary Disclosure Initiative

You must have heard about the FBAR reporting last year.  Sanjiv has talked about it on radio and TV.  We have discussed it on our blog and reminded customers in…

How Much An Average Tax Payer Makes ?

How Much An Average Tax Payer Makes ?

Don’t you wonder how much your Neighbors make or the guy in your office makes ?  I have no clue and i am not going to tell you even if I knew….

Free Resources For Tax Preparation

Free Resources For Tax Preparation

With so many tax rules changes, you may find it very hard to do your taxes online or yourself.  I would like to point out some of the free resources…

Do You Have Unclaimed Property Waiting For You? Check Now.

Do You Have Unclaimed Property Waiting For You? Check Now.

What happens to all the checks that are sent by companies but never deposited?  Can companies keep that money in their bank account and use it for something else.  Answer…

Can I convert Non-Deductible IRA into Roth ?

Can I convert Non-Deductible IRA into Roth ?

Dear Sanjiv Gupta I have a question of Roth IRA. I always exceed the income limits to open a roth individual retirement account. However, I was told that I should…

Tax and Accounting Talk Show

Tax and Accounting Talk Show

You can listen to Sanjiv Gupta live on air on 1550 am and 1170 am.  Show is on every week (Monday and Thursday on 1170 AM at 8:30 am and…

Tax Tips That Offer Better Results for Small Businesses

Tax Tips That Offer Better Results for Small Businesses

Come the month of January/February and the nation prepares itself for tax sessions. It is time to check that all your financial records are in perfect order. The Certified Public…

IRS Getting Tough on Small Business Owners

IRS Getting Tough on Small Business Owners

Internal Revenue Service will not compromise while inspecting on pay-roll taxes, tax- advocates confirmed. Many will suffer consequences on having to deter tax payments, Pay roll taxes are federal or…