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Last Updated: Feb 3, 2012 - 6:29:45 PM |
IRS Tax Tips
IRS: Five Tips for Recently Married or Divorced Taxpayers with a Name Change
If you changed your name after a recent marriage or divorce, the IRS reminds you to take the necessary steps to ensure the name on your tax return matches the name registered with the Social Security Administration. A mismatch between the name shown on your tax return and the SSA records can cause problems in the processing of your return and may even delay your refund.
Feb 3, 2012 - 6:02:55 PM
IRS Tax Tips
IRS Reminds Parents of Ten Tax Benefits
Your kids can be helpful at tax time. That doesn't mean they'll sort your tax receipts or refill your coffee, but those charming children may help you qualify for some valuable tax benefits. Here are 10 things the IRS wants parents to consider when filing their taxes this year.
Jan 26, 2012 - 3:51:27 PM
IRS Tax Tips
Tangible Propert Tax:IRS and Treasury Department Publish Temporary Regulations on Treatment of Tangible Property
The Internal Revenue Service and Treasury Department today published in the Federal Register temporary regulations that provide guidance to taxpayers on the treatment of amounts paid to acquire, produce or improve tangible property and regarding the accounting for, and dispositions of, property subject to depreciation.
Dec 29, 2011 - 9:02:42 AM
IRS Tax Tips
IRS New Tax Tax Guide Helps People Save on Their 2011 Taxes
Taxpayers can get the most out of various recovery tax benefits and get a jump on preparing their 2011 federal income tax returns by consulting a newly revised comprehensive tax guide now available on IRS.gov.
Dec 29, 2011 - 8:56:16 AM
IRS Tax Tips
IRS Announces Pension Plan Limitations for 2012
The Internal Revenue Service today announced cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for Tax Year 2012.
Nov 7, 2011 - 12:39:25 PM
IRS Tax Tips
Health Care Tax Credit: What Employers Need to Know about Claiming the Tax Credit
Many small employers that pay at least half of the premiums for employee health insurance coverage under a qualifying arrangement may be eligible for the small business health care tax credit. This credit can enable small businesses and small tax-exempt organizations to offer health insurance coverage for the first time.
Oct 14, 2011 - 6:51:28 PM
IRS Tax Tips
New IRS Video: IRS Adoption Credit and More
Thinking about adopting? Before you do, find out what documentation is required by you in order to claim the adoption credit by the IRS.
Sep 8, 2011 - 9:32:05 AM
IRS Tax Tips
Tax Return Preparer Test: IRS Releases Specifications for Registered Tax Return Preparer Test
The test is part of an ongoing effort by the IRS to enhance oversight of the tax preparation industry. Preparers who pass this test, a background check and tax compliance check as well as complete 15 hours of continuing education annually will have a new designation: Registered Tax Return Preparer.
Sep 6, 2011 - 9:55:58 PM
IRS Tax Tips
Tax Time Stress: IRS offers Tax Tips to Reduce Tax-Time Stress
You may not be thinking about your tax return right now, but summer is a great time to start planning for next year. Organized records not only make preparing your return easier, but may also remind you of relevant transactions, help you prepare a response if you receive an IRS notice, or substantiate items on your return if you are selected for an audit
Aug 29, 2011 - 9:39:54 AM
IRS Tax Tips
Recently Married? IRS Offers Seven Tax Tips for Taxpayers
With the summer wedding season in full swing, the Internal Revenue Service advises the soon-to-be married and the just married to review their changing tax status. If you recently got married or are planning a wedding, the last thing on your mind is taxes. However, there are some important steps you need to take to avoid stress at tax time. Here are seven tips for newlyweds.
Aug 23, 2011 - 9:35:17 AM
IRS Tax Tips
IRS: How to Get Your Prior-Year Tax Information from the IRS
Taxpayers sometimes need tax returns from previous years for loan applications, to estimate tax withholding, for legal reasons or because records were destroyed in a natural disaster or fire.
Aug 17, 2011 - 1:26:42 PM
IRS Tax Tips
IRS Back-to-School Tips for Students and Parents Paying College Expenses
Whether you’re a recent graduate going to college for the first time or a returning student, it will soon be time to get to campus – and payment deadlines for tuition and other fees are not far behind.
Aug 17, 2011 - 1:53:28 AM
IRS Tax Tips
Moving this Summer: Ten Tax Tips for Individuals Who Are Moving This Summer
Summertime is a popular time for people with children to move since school is out. Moving can be expensive, but the IRS offers 10 tax tips on deducting some of those expenses if your move is related to starting a new job or a new job location
Aug 10, 2011 - 6:15:59 PM
IRS Tax Tips
IRS & Innocent Spouse Requests: Two-Year Limit No Longer Applies
The Internal Revenue Service announced that it will extend help to more innocent spouses by eliminating the two-year time limit that now applies to certain relief requests.
Aug 5, 2011 - 5:54:21 PM
IRS Tax Tips
Tax Preparer Regulation: Improving Tax Return Accuracy Depends on IRS's Use of New Requirement
Paid preparers are a cornerstone of the U.S. tax system, as they prepare approximately 60 percent of all tax returns filed, and their actions have an enormous impact on the Internal Revenue Service's (IRS) ability to administer tax laws effectively.
Jul 29, 2011 - 12:35:03 PM
IRS Tax Tips
How to Make a Complaint Against a Tax Return Preparer
Need to file a complaint against your Tax Return Preparer or CPA? Here is what the IRS says you must do.......
Jul 23, 2011 - 11:08:02 AM
IRS Tax Tips
IRS Will Provide Tax Help at Disaster Recovery Centers
Jul 21, 2011 - 7:47:35 AM
IRS Tax Tips
IRS Tax Scams: IRS Urges Taxpayers to Avoid Becoming Victims of Tax Scams
The Internal Revenue Service today encouraged taxpayers to guard against being misled by unscrupulous individuals trying to persuade them to file false claims for tax credits or rebates
Jul 18, 2011 - 5:50:05 PM
IRS Tax Tips
IRS Identifies 100,000 Preparers Who Failed to Follow New PTIN Rules
As part of its new oversight program of the nation’s tax return preparation industry, the Internal Revenue Service today announced it will send letters to approximately 100,000 tax return preparers who prepared returns in 2011 but failed to follow new requirements.
Jul 18, 2011 - 5:45:44 PM
IRS Tax Tips
IRS Withholding Calculator Can Help Figure Your Tax
If you have too little federal tax withheld from your pay, you could end up owing a lot of money when you file your taxes. If you withhold too much, you will get a large refund next year, but that means you gave up the use of your money for several months during the year.
Jul 18, 2011 - 5:41:44 PM
IRS Tax Tips
IRS Tax Credit: Summer Day Camp Expenses May Qualify for a Tax Credit
Along with the lazy, hazy days of summer come some extra expenses, including summer day camp. But, the IRS has some good news for parents: those added expenses may help you qualify for a tax credit.
Jul 8, 2011 - 9:55:27 AM
IRS Tax Tips
IRS Mileage Rate: IRS Increases Mileage Rate to 55.5 Cents per Mile
The Internal Revenue Service today announced an increase in the optional standard mileage rates for the final six months of 2011. Taxpayers may use the optional standard rates to calculate the deductible costs of operating an automobile for business and other purposes.
Jul 2, 2011 - 5:10:03 AM
IRS Tax Tips
IRS Identifies Organizations that Have Lost Tax-Exempt Status
The Internal Revenue Service today announced that approximately 275,000 organizations under the law have automatically lost their tax-exempt status because they did not file legally required annual reports for three consecutive years.
Jun 9, 2011 - 10:47:39 AM
IRS Tax Tips
IRS: Save Money on the 2011 IRS Nationwide Tax Forums
The IRS invites enrolled agents, certified public accountants, certified financial planners and other tax professionals to register early for one of the six IRS Nationwide Tax Forums being held this summer. Those who take advantage of the early registration save $129.
May 5, 2011 - 1:11:35 AM
IRS Tax Tips
IRS Amended Returns: Nine Facts on filing an Amended Return
An amended tax return generally allows you to file again to correct your filing status, your income or to add deductions or credits you may have missed.
Apr 14, 2011 - 7:55:00 PM
