2014 Episode 2 - November 8, 2014

Welcome to the 2014 tax season of Gilbert's show! Today he talks about audits, how long to keep your records, IRS scams, 433D, and current developments. The IRS commisioner said this week that, due to budget cuts, phone responsiveness will be down from the already poor service we saw last season. The new Congress will have opportunity to evaluate certain tax credits and retro-actively reinstate some come January. What Gilbert would like to see is a major taxcode overhaul, which has not been done since Reagan in the 1980s.