| History of the Internal Revenue Service |
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| Believe it or not, the Internal Revenue Service did not come over to this country on the Mayflower with the Pilgrims. The agency's history goes back to 1862 when Congress and President Lincoln created the position of the Commissioner of the Internal Revenue and enacted the first income tax to pay for the Civil War. After that tax was repealed on the ground that it was a direct tax and not apportioned among the states on the basis of population, Congress revived the income tax in 1894, but the Supreme Court determined that it was unconstitutional. More... |
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| Small Tax Cases |
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| If you have filed a petition in Tax Court to contest a deficiency of $50,000 or less, including additions to tax and penalties, or you claim an overpayment of that amount or less, you have the option of having your case heard under expedited and simplified procedures. These relatively informal procedures may also be used for innocent spouse determinations involving $50,000 or less or disputes continuing from pre-levy administrative due process hearings where the unpaid tax is $50,000 or less. More... |
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| Employment Taxes |
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| As a taxpayer who runs a business, you have a million things to worry about. Customers, inventory, advertising, competition, and keeping good employees are just a few. On top of it all, the government imposes strict requirements on the collection and payment of employment taxes. More... |
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| Cancellation of Certain Student Loans |
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| The general rule is that if you are responsible for making loan payments and the loan is forgiven, you are required to include the amount of the cancelled loan in your gross income for federal income tax purposes. However, under certain circumstances, a forgiven student loan may be entitled to tax-free treatment. More... |
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| Employer-Provided Child Care Credit |
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| In order to encourage businesses to provide child care for their employees, Congress has recently created a tax incentive for those employers who make certain qualified child care expenditures. The amount of the credit allowable in a tax year is the sum of 25 percent of qualified child care expenditures plus 10 percent of qualified resources and referral expenditures. The credit is limited to a maximum of $150,000 for any tax year. More... |
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