WASHINGTON, D.C. — The IRS has expanded its “Fresh Start” initiative by offering more flexible terms to its Offer-in-Compromise Program. These newest rules enable some financially distressed taxpayers to clear up their tax problems even quicker.
WASHINGTON, D.C. — During the summer many parents may be planning the time between school years for their children while they work or look for work. The IRS wants to remind taxpayers that are considering their summer agenda to keep in mind a tax credit that can help them offset some day camp expenses.
WASHINGTON, D.C. – The U.S. economy added 80,000 jobs in June according to data released this morning by the federal Bureau of Labor Statistics, but that wasn’t enough to lower the unemployment rate from 8.2 percent. In the second quarter, employment growth averaged 75,000 jobs per month – a sharp decline from the first quarter’s average monthly gain of 226,000 jobs.
STATE — Average retail gasoline prices in New Jersey have not moved in the past week, averaging $3.25 per gallon yesterday. This compares with the national average that has fallen 6.6 cents per gallon in the last week to $3.37 per gallon, according to gasoline price website NewJerseyGasPrices.com.
WASHINGTON, D.C. — The Internal Revenue Service marked the third anniversary of its return preparer initiative earlier this month and urged those paid tax return preparers required to pass a new competency test to take it as soon as possible.
STATE – Average retail gasoline prices in New Jersey have fallen 5.1 cents per gallon in the past week, averaging $3.27 per gallon yesterday.
In an unprecedented move, a group of venture capitalists out of San Francisco hopes to convince county and local officials in California to use the power of eminent domain to seize control of private residential mortgage-backed securities with the intent of cutting the principal balances of negative-equity borrowers.