July 16, 2020 Education makes the world a new place

More Enrolled Agent Work To Address Expanding IRS Pursuit of Tax Cheaters

More Enrolled Agent Work To Address Expanding IRS Pursuit of Tax Cheaters

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Individuals who cheat on their income tax reporting have more to worry about these days. First, the IRS offers a take to whistleblowers on the taxes collected from anyone reported as a cheater. Larger collections cause increased rewards. In addition, a report by the Treasury Inspector General for Tax Administration states that the IRS criminal division is more efficient in both prosecution and conviction.

Both actions create new enrolled agent job opportunities to help taxpayers. In many situations, taxpayers need to simply understand tax reporting errors that are potentially criminal.

In fiscal year 2010, the IRS criminal division reduced its time to complete a case to 365 days from 401 days in the prior year. The division initiated 4,700 cases and completed 4,300 in fiscal year 2010. Most significantly, a greater number of cases addressed only tax matters as the legal source. In the past, more tax cases were add-on charges to drug running or money laundering trials.

Tax cheating situations can continue for long periods without taxpayers realizing the implications. Some situations are unintentional. For example, enrolled agent study guides address unusual matters where implied rental income exists. This can occur when a tenant pays no direct rent but pays the property owner’s mortgage payments. These amounts are reportable as rent income by enrolled agent work for such property owners.

Informing taxpayers about the IRS whistleblower program is a technique enrolled agents use to convey the importance of revealing all scenarios that might encompass taxable events. These possibilities can entail gift tax as well as income tax issues.

Fortunately, enrolled agent training includes gift tax situations so that EAs can help on accurate reporting in these matters. Examples occur when individuals give property to their relatives and forget that a gift tax return is due. This is …

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Music Lessons For Children – Benefits That Make a Difference

Music Lessons For Children - Benefits That Make a Difference

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There are great things that come with some of the things our kids want to do. If you do not believe me, look at what research has shown us. Why do not you think so many new tools that you nor I did not have when we were kids are being invented? Now, the school wants to do away with one of the things that could be extremely important to your child as being supported by research done by the Board of Education. These are music lessons. Let us help you to look at music lessons for children – benefits.

There are many things that music lessons can do for children. There are areas that are key to helping a child become the fully developed adult you want your child to be. These areas include attention span, motor skills, cognitive thinking, and many more. These have been said to have been developed through the means of music lessons that children so want to do.

Other things have been shown as well through studies. For instance, those who take music lessons are said to have increased their math and verbal skills. When you look at test scores, you will see that this is an area that is normally the hardest test areas for every school district around the nation.

Another thing it has proven deals with high school age children. Those who do band or choir are shown to increase their math skills. This is done so much so that they normally exceed expectations come twelfth grade math. This is great especially since at that time they have the tests that truly matter in regards to college. You do want them to do well on those.

Is your child talking about the fact that they are fed up with …

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