from the tax update blog

Tax Roundup, 10/20/14: Extension season is over. Now what? And: do your part for Boeing!

October 20th, 2014

We are now in the sweet spot of the tax year. We are done with extended 1040s, and it’s too […]

Tax Roundup, 10/17/14: If they don’t want the money back, it’s not a loan. And: the state of your IRS “rights.”

October 17th, 2014

Loans aren’t income. But income isn’t loans either. A Tennessee woman struggled with the difference, but the Tax Court straightened her […]

IRS Issues Applicable Federal Rates (AFR) for November 2014

October 17th, 2014

The IRS has issued (Rev. Rul. 2014-28) the minimum required interest rates for loans made in November 2014: Short Term (demand loans […]