Posted on January 1st, 2012 by Zivanet
IRS.gov – Taxpayers might be able to benefit from more recovery tax changes and get ahead on their 2011 federal income tax return preparation by reviewing a newly updated comprehensive tax guide currently available at IRS.gov. Publication 17, Your Federal Income Tax, contains details on how to benefit from various tax-saving opportunities, such as the [...]
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Posted on April 15th, 2011 by Director
IRS.gov – Now that the federal income tax filing deadline is in your rear-view mirror, what happens after you file? A lot of taxpayers have post tax-filing questions such as what records do I keep and more importantly, “Where’s my Refund?” The IRS has provided answers you can find here: Tax Refund Information You can [...]
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Posted on April 14th, 2011 by Director
IRS.gov – After you file your taxes, you will have many financial records that may help document items on your tax return. You will need these documents should the IRS select your tax return for examination. Here are five tips from the IRS about keeping good tax records. 1) Normally, tax records should be kept [...]
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Posted on April 13th, 2011 by Director
IRS.gov – An amended tax return generally allows you to file again to correct your filing status, your income, or to add income tax deductions or tax credits you may have missed. Here are nine facts the IRS wants you to know about amending your federal income tax return: 1. Use Form 1040X, Amended U.S. [...]
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Posted on April 9th, 2011 by Director
IRS.gov – When it comes to filing a tax return – or not filing one – the IRS can assess a penalty if you fail to file, fail to pay or both. Here are eight important points the IRS wants you to know about the two different penalties you may face if you do not [...]
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Posted on April 6th, 2011 by Director
IRS.gov – People who owe taxes but can’t pay the full amount owed by the April deadline should still file their return on time and pay as much as they can to avoid penalties and interest. If you can’t pay the full amount, you should contact the IRS to ask about alternative payment options. Here [...]
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Posted on April 4th, 2011 by Director
IRS.gov – Estimated tax is a method used to pay tax on income that is not subject to withholding. You may need to pay estimated taxes during the year depending on what you do for a living and what type of income you receive. These six tips from the IRS will provide you with a [...]
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Posted on April 2nd, 2011 by Director
IRS.gov – Taxpayers who owe taxes may be relieved to know that there are some options for those who owe and can’t afford to pay the full amount of their tax payment right away. Here are the top 10 things the IRS wants you to know if you need more time to pay your taxes. [...]
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Posted on April 1st, 2011 by Director
IRS.gov – Errors on tax returns mean they take longer to process, which in turn, may cause your refund to arrive later. The IRS cautions against these nine common mistakes so your tax refund is timely. 1. Incorrect or missing Social Security Numbers – When entering SSNs for anyone listed on your tax return, be [...]
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Posted on March 30th, 2011 by Director
IRS.gov – If you give someone money or property during your life, you may be subject to the federal gift tax. Most gifts are not subject to the gift tax, but the IRS has put together the following eight tax tips to help you determine if your gift is taxable. 1. Most gifts are not [...]
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