<?xml version="1.0" encoding="UTF-8"?><rss version="0.92"> <channel><title>JK Lasser Posts &gt;&gt; Tax News</title><link>http://www.jklasser.com</link> <description>Your trusted tax resource for 75 years</description> <lastBuildDate>Tue, 21 May 2013 12:34:39 +0000</lastBuildDate> <docs>http://backend.userland.com/rss092</docs> <language></language><item><title>IRS Closed on Furlough Days</title> <description><![CDATA[As a result of the federal government’s sequester (budgetary constraints), the IRS will be closed on May 24, June 14, July 5, July 22, and August 30. This means that all of its toll-free hotlines and offices will be closed on these days when IRS workers will be furloughed. If you need to contact the [...]]]></description><link>http://www.jklasser.com/news/irs-closed-on-furlough-days/</link> </item> <item><title>Cash in Lieu of Health Benefits Is Taxable</title> <description><![CDATA[Employer payments for your health coverage are fully tax free. This rule does not change in 2014 when the health care mandates go into effect. But are cash payments that an employer pays to an employee instead of providing coverage also tax free? The IRS reminds employees that cash payments, for whatever reason, are taxable [...]]]></description><link>http://www.jklasser.com/news/cash-in-lieu-of-health-benefits-is-taxable/</link> </item> <item><title>IRS Won&#8217;t Check Your Email Without a Warrant</title> <description><![CDATA[Last month it came to light that the IRS believed it could obtain a taxpayer’s email from an Internet Service Provider (ISP) just by asking for it. The IRS wanted to read the content of some taxpayers’ email in connection with its investigations. The Service has now stated officially that it will not seek to [...]]]></description><link>http://www.jklasser.com/news/irs-wont-check-your-email-without-a-warrant/</link> </item> <item><title>Foreign Travel: When It&#8217;s Deductible</title> <description><![CDATA[It’s not easy to turn a foreign trip into a tax deduction. Just ask one taxpayer who tried to justify his travel costs as “research” for his writing activities. He was born in France but became a U.S. citizen in 1953. Sometime thereafter, he became a history professor who eventually retired at half-time so he [...]]]></description><link>http://www.jklasser.com/news/foreign-travel-when-its-deductible/</link> </item> <item><title>Health Savings Accounts for 2014</title> <description><![CDATA[Health savings accounts (HSAs) are a viable way to obtain affordable health coverage. In order to make contributions to these accounts, you must be covered by a high-deductible health plan (HDHP). The IRS recently issued 2014 dollar amounts for HDHPs and contribution limits for HSAs. Definition of HDHPs For 2014, an HDHP is a health [...]]]></description><link>http://www.jklasser.com/news/health-savings-accounts-for-2014/</link> </item> <item><title>Proposed Tax Bills to Help You</title> <description><![CDATA[Despite a massive tax bill enacted at the start of this year, there are a number of new tax proposals in the works. Whether any of them will ultimately come to pass remains to be seen. However, if you want to support any of them, tell your representatives in Congress. Increased student loan interest deduction.Currently, [...]]]></description><link>http://www.jklasser.com/news/proposed-tax-bills-to-help-you/</link> </item> <item><title>Can the IRS Read Your Email?</title> <description><![CDATA[Are your personal and business emails private? Last week the IRS indicated to members of Congress that it had the authority to read them. In a statement issued on April 22, 2013, the IRS clarified the scope of this authority: “Where the IRS already has an active criminal investigation and seeks to obtain the content [...]]]></description><link>http://www.jklasser.com/news/can-the-irs-read-your-email/</link> </item> <item><title>Federal Tax Credits forTaxpayers who Adopt Children</title> <description><![CDATA[Taxpayers who adopt children may qualify for a federal tax credit to cover their adoption expenses. The adoption credit in 2013 is up to $12,970. The full credit amount can be claimed for special needs children without regard to the taxpayers’ expenses; the credit is otherwise limited to qualified adoption costs. Income thresholds may limit [...]]]></description><link>http://www.jklasser.com/news/federal-tax-credits-fortaxpayers-who-adopt-children/</link> </item> <item><title>Filing Extension for Those Affected by Boston Marathon Blast</title> <description><![CDATA[The bomb blasts in Boston went off on April 15, the deadline for filing 2012 returns. However, in view of this event, the IRS has given affected taxpayers 3 additional months to timely file 2012 returns. There will be no penalties or interest on returns filed by July 15, 2013. Those who want more time [...]]]></description><link>http://www.jklasser.com/news/filing-extension-for-those-affected-by-boston-marathon-blast/</link> </item> <item><title>President&#8217;s Tax Proposals</title> <description><![CDATA[As part of President Obama’s 2014 budget, there are proposals to increase federal taxes and fees by more than $1 trillion over 10 years. The increases would result from: Capping all itemized deductions so that the overall reduction by claiming these write-offs would be limited to 28% of income. This change is aimed at the [...]]]></description><link>http://www.jklasser.com/news/presidents-tax-proposals/</link> </item> </channel> </rss>
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