Monthly Archives: October 2013

Updates From the office of Carol McAtee & Associates, C.P. A. in St. Petersburg, FL -Thomson Reuters Reports on Obamacare Tax Changes

Thomson Reuters has released an updated special report on the tax changes in the Affordable Care Act, which have become more relevant now that the health insurance exchanges have opened for business in many states, despite the technical glitches on … Continue reading

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From the office of Carol McAtee & Associates, C.P. A. in St. Petersburg, FL -IRS: Shutdown to Delay Tax Season

The Internal Revenue Service announced on Tuesday that it will delay the start of the 2014 tax filing season by as much as two weeks due to delays caused by the recent closure of the federal government. Citing the need … Continue reading

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From the office of Carol McAtee & Associates, C.P. A. in St. Petersburg, FL -The following is an update -IRS Gives Drought-Stricken Farmers and Ranchers More Time to Replace Livestock

The Internal Revenue Service said Friday that farmers and ranchers who previously were forced to sell livestock due to drought conditions currently affecting much of the nation will now have an extended period of time in which to replace the … Continue reading

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From the office of Carol McAtee & Associates, C.P. A. in St. Petersburg, FL -Save Those Receipts

 Late this past Wednesday, Congress voted to reopen the government through January 15 of next year. Despite the shutdown, the statutory deadline of 90 days for filing a petition in the Tax Court cannot be extended.  Yet during the shutdown, … Continue reading

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From Carol McAtee & Associates, C.P.A. Office in St. Petersburg, FL – What to Do if You Receive a Notice from the IRS

Each year, millions of taxpayers receive letters and notices from the Internal Revenue Service for a variety of reasons. Listed below are several things to know about IRS notices, in case one shows up in your mailbox. 1. Don’t panic. … Continue reading

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From McAtee & Associates, C.P.A.’s in St. Petersburg, FL – Facts About Failure to File or Pay Penalties

In recent years, electronic filing and payment options have increased the timeliness and accuracy of tax returns and reduced the burden on taxpayers.  However, the law provides that the IRS  can assess a penalty on taxpayers who fail to file … Continue reading

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IRS Halts Tax Liens and Levies during Shutdown

From the office of Carol McAtee & Associates, C.P. A. inSt. Petersburg,FL-The following is an update of the Gov’t Shutdown: IRS Halts Tax Liens and Levies during Shutdown WASHINGTON,D.C.(OCTOBER 10, 2013) The Internal Revenue Service is putting the brakes on … Continue reading

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An update from the office of Carol McAtee & Associates, C.P.A., St. Petersburg, FL- IRS Suspends Tax Refunds during Government Shutdown

   The Internal Revenue Service has temporarily stopped sending out tax refunds, and the Tax Court has suspended operations during the federal government shutdown, as lawmakers in Congress continue their battle over delaying or defunding “Obamacare” for a year. The IRS … Continue reading

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