Do you realize that some tax forms ask you to check a box if you are BLIND?
Quote: “Two years ago it was impossible to get through on the phone to the IRS. Now it's just hard to get through. That's progress.”
-Charles Rossotti, former IRS Commissioner
Disappointed that you never had time to write the great American novel? Don’t fret, just go dig out your past tax returns.
Quote: "The Eiffel Tower is the Empire State Building after taxes."
Under the Freedom of Information Act, a man with a small business sent a request to the IRS asking if they had a file on him. The IRS wrote back, “There is now.”
Quote: “It would be nice if we could all pay our taxes with a smile, but normally cash is required.”
Q: Who audits IRS agents?
Quote: “Next to being shot at and missed, nothing is quite as satisfying as an income tax refund.”
Q: How do you drive a CPA insane?
A: Fill out Form 1040EZ.
Quote: “The government deficit is the difference between the amount of money the government spends and the amount it has the nerve to collect."
Why is it that when the IRS loses a tax return, it is considered a mistake, but when you lose a receipt, it is considered tax evasion?
Quote: "The wages of sin are death, but by the time taxes are taken out, it's just sort of a tired feeling."
Q: How do you humble a person that flaunts their wealth?
A: Have them fill out a tax return.
Quote: “Even when you make a tax form out on the level, you don't know when it's through if you are a crook or a martyr.”
Q: Why is a tax audit like a tornado?
A: There's a lot of screaming and you end up losing your house.
Quote: “When are we going to be allowed to list the government as a dependent?”
People often say death and taxes are the same, but this is wrong. Death is a taxable event, but taxes never die.
New Law Alters Highway Use Tax Regulations: Installment Payment Option Removed
The IRS has announced significant changes to the federal highway use tax regulations, impacting truckers and owners of heavy highway vehicles. As part of the American Jobs Creation Act of 2004, the option to pay the highway use tax in installments has been eliminated. This change affects filers of Form 2290, Heavy Highway Vehicle Use Tax Return, starting from the tax year beginning July 1, 2005, and ending June 30, 2006.
IRS Approves 2006 Toyota Highlander Hybrid for Clean Fuel Deduction
The IRS has officially recognized the 2006 Toyota Highlander Hybrid as eligible for the clean-burning fuel deduction. This means that taxpayers who purchase this hybrid vehicle new in 2005 can claim a tax deduction of up to $2,000 on their Form 1040.
Gambling Income and Expenses - Taxes
Gambling income encompasses a wide range of winnings, including lotteries, raffles, horse and dog races, and casinos. This income also includes the fair market value of non-cash prizes such as cars, houses, and trips. Understanding the tax implications of gambling winnings and losses is crucial for accurate reporting and compliance with IRS regulations.
