Author Archives: Carol

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 →

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 →

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 →

 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 →

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 →

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 →

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 →

   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 →

  From Carol McAtee & Associates, CPA office in St. Petersburg, FL-   Keep copies of all filed tax returns as a part of your tax records.  They can help in the preparation of future tax returns and will be needed … Continue reading →

From our CPA office in St. Petersburg, FL- The Internal Revenue Service has released guidance on issuing tax refunds to same-sex married couples in the wake of the Supreme Court’s decision striking down the Defense of Marriage Act. The Treasury … Continue reading →