News

Reporting your stock, bond, mutual funds or other asset sales will be more of a headache this year. The IRS has modified the old Schedule D, Form 1040 and added a new Form 8979, "Sales and Other Dispositions of Capital Assets."

Thousands of people have responded to TaxMasters' television ads promising help with the IRS.  The ad tells you to "just call the toll-free number for a free consultation with a tax consultant".

According to a recently released report from the Internal Revenue Service, more than 279,000 federal employees, including members of the miliary, owed approximately $3.42 billion in unpaid taxes!

Bryson's Tax Tip Article was Featured in America's Premier Experts February Newsletter!!!

Businesses should not be surprised if they receive a tax audit letter in the mail in the upcoming months. Federal and State agencies are increasing audits in an effort to capture much needed tax revenue.

Myth: The only charge the IRS could charge a person with that could possibly lead to jail time is tax evasion.

If you turned 70 ½ in 2011 you may be required to take a minimum payout from your IRA or company pension plan.

The Health Care and Education Reconciliation Act created two additional Medicare taxes for high income taxpayers starting after December 31, 2012.

Bryson Law Firm, LLC, co-founded by husband and wife team Cary and Angela Bryson, has gone from a small town tax resolution firm to a nationally recognized firm.

For the first time in several years Social Security benefits will increase.  Starting in 2012 benefits go up 3.6%.