TaxSmith now offers tax relief
For those of you that are struggling with back taxes or IRS penalties may have a new option. Taxsmith.com.The website recently launched this service to provide immediate solutions to individuals struggling with Penalties by the IRS and unpaid back taxes.
Federal income taxes are imposed by local, state and by government agencies on every single individual of the United States. Becoming delinquent on your federal taxes could spell a slew of problems from an individual including higher interest rates, late fees, and even jail time. This new service can help those individuals that are stuck in this type of situation .
TaxSmith can now help individuals and entities that are burdened by this financial hardship brought on by unpaid taxes and overdue IRS fees.
Reliance on tax software like Turbotax is subject to human err and complications that could lead to mistakes in filing. Using low level amateur accounting firms won’t give you the level of customer service that this new TaxSmith seeks to offer. TaxSmith claims to offer consultation, forms, and service unmatched to any others.
Only time will tell whether or not TaxSmith will become a leader in the tax filing field. Please check back online to see how TaxSmith with fare in the reviewsphere. One thing we know for sure. With the fiscal cliff weighing down heavily on us and the future of the tax code being uncertain, we need a lot more services like TaxSmith around.
Categories: Income Tax, Tax Law Tags: accountants, federal income tax, federal tax, fiscal cliff, income tax, IRS, tax code
November spells end of term for Shulman
The United States Commissioner for Internal Revenue Douglas “Doug” Shulman will step down from his position at the IRS on the last day of his term, which is on the 9th of November this year. Having served since his nomination back in March of 2008, the 47th IRS Commissioner has made plans to step down at this point in time. According to law, an IRS Commissioner who is nominated by the United States President, and consequently confirmed by the United Stated Senate, can serve a term of up to 5 years, ending on the 12th of November on their last term year. In Shulman’s case, since November 12 has been declared a federal holiday, his last day of work will be on November 9.
Before serving the country through the IRS, he began his career at a consulting firm in New York. Shulman has formerly held some very important positions in the country’s top institutions as well. He is a former Chairman for FINRA (Financial Industry Regulatory Authority – NASD) and a former board member of the DTCC (Depository Trust and Clearing Corporation).
While in NASD, he led numerous efforts toward modernizing NASD’s technology systems in order to optimize its functions. He also launched NASD’s TRACE (Trade Reporting and Compliance Engine) which served as NASD’s regulatory and informational system for real-time corporate bonds. One of his most notable accomplishments was having successfully negotiated the sale of the American Stock Exchange as well as the NASDAQ Stock Market.
Categories: Federal Tax, State Tax, Tax Law Tags: federal income tax, federal tax, IRS