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Last Updated: Jun 23, 2009 - 2:22:01 AM


IRS Tax Tips
IRS: Prepare for Hurricanes by Safeguarding Tax Records
With the 2009 hurricane season now underway, the Internal Revenue Service encourages individuals and businesses to safeguard themselves by taking a few simple steps.

 

Jun 23, 2009 - 2:18:51 AM

IRS Tax Tips
IRS: Special Tax Break on New Car Purchases Available in States With No Sales Tax
The Internal Revenue Service and Treasury Department today announced that a tax break for the purchase of new motor vehicles is available in states that do not have a state sales tax.

 

Jun 11, 2009 - 5:17:49 AM

IRS Tax Tips
IRS Launches Tax Return Preparer Review
IRS Commissioner Doug Shulman announced today that by the end of 2009, he will propose a comprehensive set of recommendations to help the Internal Revenue Service better leverage the tax return preparer community with the twin goals of increasing taxpayer compliance and ensuring uniform and high ethical standards of conduct for tax preparers.
Jun 4, 2009 - 12:09:07 PM

IRS Tax Tips
IRS Interest Rates Remain the Same for the Third Quarter of 2009
The Internal Revenue Service today announced that interest rates for the calendar quarter beginning July 1, 2009, will remain the same. The rates will be: 
Jun 2, 2009 - 10:59:19 AM

IRS Tax Tips
IRS Offers Tax Credit Guidance to Businesses Hiring Unemployed Veterans and Certain Youth
Businesses planning to claim the newly-expanded work opportunity tax credit (WOTC) for eligible unemployed veterans and unskilled younger workers hired during the first part of 2009 have until Aug. 17 to request the certification required for these workers, according to the Internal Revenue Service.
Jun 2, 2009 - 10:55:52 AM

IRS Tax Tips
IRS Accepting Applications for Low Income Taxpayer Clinic Grants
The Internal Revenue Service announced today that the 2010 Low Income Taxpayer Clinic (LITC) grant application process is now open.
May 22, 2009 - 12:26:46 PM

IRS Tax Tips
IRS Law Offers Special Tax Breaks for Small Business; Act Now and Save, IRS Says
Small Business Week is May 17 to 23, and the Internal Revenue Service urges small businesses to act now and take advantage of tax-saving opportunities included in the recovery law.
May 20, 2009 - 12:59:52 PM

IRS Tax Tips
IRS Announces Withholding Adjustment Option for Pension Plans and Provides Taxpayer Education
As part of a wider outreach effort to educate taxpayers about the benefits they will receive under the American Recovery and Reinvestment Act, the Internal Revenue Service today released new withholding adjustment procedures for pension plans.
May 14, 2009 - 12:11:23 PM

IRS Tax Tips
Energy-Saving Steps This Year May Result in Tax Savings Next Year

The Internal Revenue Service today reminded individual and business taxpayers that many energy-saving steps taken this year may result in bigger tax savings next year.


Apr 29, 2009 - 4:45:34 PM

IRS Tax Tips
Tax Credit for Ford Hybrids Begins Phase-Out
The tax credit for hybrid passenger automobiles and light trucks manufactured by Ford Motor Company has begun to phase out for purchases made after March 31, 2009.
Apr 19, 2009 - 10:05:07 PM

IRS Tax Tips
IRS Update: Special Guidance for Certain Expatriates
This information applies to certain individuals who have expatriated by relinquishing their U.S. citizenship or by ceasing to be treated as long-term residents of the United States.
Apr 14, 2009 - 2:22:49 PM

IRS Tax Tips
Beware of IRS' 2009 "Dirty Dozen" Tax Scams
The Internal Revenue Service today issued its 2009 “dirty dozen” list of tax scams, including schemes involving phishing, hiding income offshore and false claims for refunds.
Apr 13, 2009 - 7:52:16 AM

IRS Tax Tips
IRS Offers Reminders as Tax Filing Deadline Nears
The Internal Revenue Service offers last minute reminders to taxpayers who have not yet filed a tax return, paid what they owe or requested an extension of time to file as the April 15 tax filing and payment deadline approaches.
Apr 10, 2009 - 4:34:23 PM

IRS Tax Tips
IRS Offers Tax Payment Options
The Internal Revenue Service today reminded taxpayers to file their federal tax returns and pay any taxes they owe by the April 15 deadline.
Apr 9, 2009 - 10:37:33 AM

IRS Tax Tips
IRS: Credit and Debit Card Fees Related to Tax Payment are Deductible
Credit or debit card convenience fees charged for paying federal individual income taxes electronically are deductible for some taxpayers who itemize, the Internal Revenue Service announced today.
Apr 7, 2009 - 9:26:06 PM

IRS Tax Tips
IRS: Ten Last Minute Filing Tips
With the tax filing deadline close at hand, the IRS offers ten tips for those still working on their tax returns:
Apr 6, 2009 - 9:20:03 AM

IRS Tax Tips
IRS Issues Guidance on New Build America Bonds
The Internal Revenue Service today issued guidance on the new Build America Bond program. This program allows state and local governments to issue taxable bonds for capital projects and to receive a new direct federal subsidy payment from the Treasury Department for a portion of their borrowing costs.
Apr 3, 2009 - 9:34:37 AM

IRS Tax Tips
IRS: Nine Common Errors Made on Tax Returns
Errors made on tax returns may delay the processing of your return and the arrival of your refund. Avoiding the common errors below will help ensure your refund arrives on time:
Apr 3, 2009 - 1:13:38 AM

IRS Tax Tips
IRS: Special Tax Break Available for New Car Purchases This Year
The Internal Revenue Service announced today that taxpayers who buy a new passenger vehicle this year may be entitled to deduct state and local sales and excise taxes paid on the purchase on their 2009 tax returns next year.
Mar 30, 2009 - 8:36:20 AM

IRS Tax Tips
IRS: First $2,400 of Unemployment Benefits Tax Free for 2009
All or part of unemployment benefits received in 2009 will be tax free for many unemployed workers, according to the Internal Revenue Service.

Mar 26, 2009 - 1:29:03 PM

IRS Tax Tips
IRS: Recovery Rebate Credit Information Center
The recovery rebate credit is a one-time benefit for people who didn't receive the full economic stimulus payment last year and whose circumstances may have changed, making them eligible now for some or all of the unpaid portion.
Mar 20, 2009 - 6:57:51 PM

IRS Tax Tips
First-Time Homebuyers Have Several Options to Maximize New Tax Credit
As part of the Treasury Department’s consumer outreach effort and with the April 15 individual tax filing deadline approaching, the Internal Revenue Service today began a concerted effort to educate taxpayers about additional options at their disposal to claim the new $8,000 first-time homebuyer credit for 2009 home purchases.
Mar 18, 2009 - 10:41:47 AM

IRS Tax Tips
IRS, Partners Mark Super Saturday March 21 to Help Taxpayers
The Internal Revenue Service and scores of its community partners will open their doors on Saturday, March 21, to help people who need free tax preparation, a question answered or a payment schedule arranged.

Mar 17, 2009 - 11:40:08 AM

IRS Tax Tips
IRS New Law Extends Net Operating Loss Carryback for Small Businesses
The Internal Revenue Service announced today that small businesses with deductions exceeding their income in 2008 can use a new net operating loss tax provision to get a refund of taxes paid in prior years.
Mar 17, 2009 - 11:37:16 AM

IRS Tax Tips
IRS Interest Rates Drop for the Second Quarter of 2009
The Internal Revenue Service today announced that interest rates for the calendar quarter beginning April 1, 2009, will drop by one percentage point.  The new rates will be:
Mar 14, 2009 - 7:56:14 PM

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