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Last Updated: Mar 5, 2010 - 8:32:56 AM |
IRS Tax Tips
IRS Wins 48-Month Suspension of a Lawyer for Failing to File His Own Tax Return and Late Filing
Professionals who demonstrate a lack of respect for our tax system by failing to meet their own tax filing obligations should not expect to retain the privilege to practice before the IRS
Mar 5, 2010 - 8:30:29 AM
IRS Tax Tips
IRS Has $1.3 Billion for People Who Have Not Filed a 2006 Tax Return
Washington -- Unclaimed refunds totaling more than $1.3 billion are awaiting nearly 1.4 million people who did not file a federal income tax return for 2006, the Internal Revenue Service announced today.
Mar 5, 2010 - 8:28:32 AM
IRS Tax Tips
Mortgage Debt Forgiveness : Ten Facts about Mortgage Debt Forgiveness
If your mortgage debt is partly or entirely forgiven during tax years 2007 through 2012, you may be able to claim special tax relief and exclude the debt forgiven from your income.
Mar 4, 2010 - 2:15:50 PM
IRS Tax Tips
IRS:How Do You Report Suspected Tax Fraud Activity?
If you suspect or know of an individual or company that is not complying with the tax laws, you may report this activity to the IRS.
Feb 10, 2010 - 8:07:38 PM
IRS Tax Tips
2009 Tax Law Changes that Impact Small Business
Summarized below are the major changes as they pertain to small business interests, if you need information about new tax law and the 2010 filing season,
Feb 10, 2010 - 5:44:31 PM
IRS Tax Tips
Tax-Refund Loans:Brown Urges Taxpayers to Avoid High-Cost Tax-Refund Loans
As tax season begins, hardworking Californians should avoid tax-refund-anticipation loans and any tax preparer who advertises these loans as early tax refunds," Brown said. "These loans carry steep interest rates and push taxpayers to borrow their own money instead of collecting their full refunds
Feb 8, 2010 - 11:04:14 PM
IRS Tax Tips
Disabled? Seven Tax Tips for Disabled Taxpayers
Taxpayers with disabilities may qualify for a number of IRS tax credits and benefits. Parents of children with disabilities may also qualify. Listed below are seven tax credits and other benefits that are available if you or someone else listed on your federal tax return is disabled.
Feb 5, 2010 - 6:32:56 PM
IRS Tax Tips
Is this Income Taxable?
While most income you receive is generally considered taxable, there are some situations when certain types of income are partially taxed or not taxed at all.
Feb 5, 2010 - 6:19:53 PM
IRS Tax Tips
IRS: Five Tax Changes for 2009
As you get ready to prepare your 2009 tax return, the Internal Revenue Service wants to make sure you have all the details about tax law changes that may impact your tax return.
Feb 3, 2010 - 7:16:55 PM
IRS Tax Tips
IRS: Free Tax Help Available Nationwide
Nearly 12,000 free tax preparation sites will be open nationwide
this year as the Internal Revenue Service continues to expand its partnerships
with nonprofit and community organizations performing vital tax preparation
services for low-income and elderly taxpayers.
Jan 29, 2010 - 11:29:18 AM
IRS Tax Tips
Childcare Tax Credit: IRS Tax Tip
Many working parents must arrange for care of their children under 13 years
of age during the school vacation period. A solution-- with a federal tax
benefit-- is a day camp program. According to the IRS, the cost of day camp can count as an expense toward
the child and dependent care credit. Expenses for overnight camps do not
qualify.
Jan 20, 2010 - 5:38:42 PM
IRS Tax Tips
Eight Ways to Find Tax Help en Espanol
Tax information can be tough to understand in any language, but it can be
even more difficult if it is not in your first language. To assist Spanish
speaking taxpayers, the IRS provides a wide range of free products and
services.
Jan 20, 2010 - 5:36:11 PM
IRS Tax Tips
IRS and Telemundo Will Host Tax Information Program for Spanish-Speaking Taxpayers
The Internal Revenue Service is joining national TV network
Telemundo in a special one-hour tax program for Spanish-speaking taxpayers on
Sunday, Jan. 24.
Jan 19, 2010 - 11:39:13 AM
IRS Tax Tips
New Homebuyer Credit Form Released; Taxpayers Reminded to Attach Settlement Statement and Other Key Documents
The Internal Revenue Service today released the new form that
eligible homebuyers need to claim the first-time homebuyer credit this tax
season and announced processing of those tax returns will begin in mid-February.
Jan 19, 2010 - 11:35:48 AM
IRS Tax Tips
IRS: Tax Credit Helps Pay for Higher Education Expenses
The American Recovery and Reinvestment Act was passed in early 2009 and
created the American Opportunity Credit.
This educational tax credit – which
expanded the existing Hope credit – helps parents and students pay for college
and college-related expenses.
Jan 19, 2010 - 11:31:25 AM
IRS Tax Tips
Top Ten Reasons to Visit IRS.gov
If you have a tax question or need a tax form – there’s no need to leave the
comfort of your home. All you need is a computer and Internet access because
IRS.gov has a wealth of information.
Jan 16, 2010 - 9:25:04 AM
IRS Tax Tips
IRS e-file: It's Safe; It's Easy; It's Time
IRS e-file, the popular electronic tax return delivery service
used by two-thirds of the nation’s taxpayers, opens for business January 15 and
marks 20 years of safely and securely transmitting nearly 800 million individual
federal tax returns.
Jan 16, 2010 - 1:14:52 AM
IRS Tax Tips
Free File Now Available to Almost All Taxpayers
There are many new tax breaks this filing season and Free File software can
make it easier for people to find all the credits and deductions they are due.
Jan 16, 2010 - 1:08:56 AM
IRS Tax Tips
IRS 2009 Tax Law Changes Provide Saving Opportunities for Nearly Everyone
In 2009, numerous new and expanded deductions and credits came into being for
a broad cross-section of taxpayers: College tax benefits for parents and
students; energy credits for homeowners who are going green; and even tax breaks
for home buyers and car buyers.
Jan 11, 2010 - 6:17:13 PM
IRS Tax Tips
IRS Announces Streamlined and Simplified Notices to Taxpayers
The Internal Revenue Service today unveiled its first redesigned
notices that are part of an on-going effort to improve the way it corresponds
with taxpayers.
Jan 11, 2010 - 6:10:21 PM
IRS Tax Tips
IRS Tax Tips: Recently Married or Divorce? Five Facts you need to know about
If you were married or divorced recently, there are a couple of things you’ll
want to do to ensure the name on your tax return matches the name registered
with the Social Security Administration.
Jan 7, 2010 - 12:49:05 PM
IRS Tax Tips
IRS Tax Tips: Five Important Facts about Dependents and Exemptions
When you prepare to file your tax return, there are two things that will
factor into your tax situation: dependents and exemptions. Here are five
important facts the IRS wants you to know about dependents and exemptions before
you file your 2009 tax return.
Jan 7, 2010 - 12:42:14 PM
IRS Tax Tips
IRS Reminds Car Shoppers about 2009 Tax Break
The Internal Revenue Service today reminds individual taxpayers who are considering buying a new car that they have until Dec. 31 to take advantage of a tax break that may not be around in 2010.
Dec 24, 2009 - 6:32:49 PM
IRS Tax Tips
IRS Announces 2010 Air Transportation Tax Rates
WASHINGTON - The Internal Revenue Service today announced the 2010
inflation adjustments to the excise taxes on air transportation.
Dec 23, 2009 - 11:43:56 AM
IRS Tax Tips
IRS Announces 2010 Standard Mileage Rates
The Internal Revenue Service today issued the 2010 optional
standard mileage rates used to calculate the deductible costs of operating an
automobile for business, charitable, medical or moving purposes.
Dec 9, 2009 - 6:17:31 PM
