Waypoint Accounting's blog

IRS Tax Trivia Challenge

Did you know that the IRS has its own tax trivia section on its website? Here are some sample questions from the

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  • Points to Keep in Mind When Choosing A Tax Preparer

    If you pay someone to prepare your tax return, the IRS urges you to choose that preparer wisely. Taxpayers are legally responsible for what’s on their tax return even if it is prepared by someone else. So, it is important to choose carefully when hiring an individual or firm to prepare your return. Most return preparers are professional, honest and provide excellent service to their clients.
    Here are a few points to keep in mind when choosing someone else to prepare your return:

    Tax Breaks That Weren't Extended By the 2010 Tax Relief Act Probably Are Gone for Good

    By passing the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (2010 Tax Relief Act), the outgoing Congress gave a new lease on life to many tax breaks that would have disappeared after either 2009 or 2010. However, it left many tax provisions on the cutting room floor, with only a remote possibility that the incoming Congress will resuscitate them.
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