All Posts Tagged With: "irs"
Change Your Life? Check Your Withholdings
Those that are employed for an extended period of time may forget to keep up with their human resource information, especially where their income is concerned. But any change in life circumstances may require a change on your withholdings documents. If you have gotten married, divorced, added dependents, or can no longer claim previous dependents, [...]
Prison Inmates Claimed Homebuyer Tax Credit, $28 Million in Fraud
As many potential first-time homeowners rushed to lenders in order to qualify for the Homebuyer Tax Credit, which expired in April, some behind bars were successful in filing for and receiving the credit. The United States Treasury Department released a report today declaring $9.1 million in tax credits were fraudulently claimed and received by more [...]
Troublesome Tax Myths
The Internal Revenue Service is reminding taxpayers that falling for common tax season myths could land you in hot water. Due to just about everyone having access to the Internet many of these popular myths are more commonly used as excuses for not paying taxes or filing a tax return. Unfortunately if you mistakenly believe [...]
Tax Preparers to Be Regulated By IRS
The tax season is in full swing, and many people will choose to have their taxes completed by a paid tax preparer, seeking the largest refund possible. Most of these tax preparers are unregulated, but that may soon change, according to the Internal Revenue Service. It is unclear as to how many tax preparers are [...]
You Might Just Owe the IRS Some Cash
Back in February, President Barack Obama’s signature tax break, established to help consumer spending experienced some issues stemming from the initial set up. Taxpayers started receiving an increase in their paychecks beginning this past April. Married couples received up to $800 and single folks could receive back up to $400 in total. However, the system [...]
Taxes: When You Owe But Can’t Pay
For the first time in my life, I owe the government money back in taxes. As a self-employed person, I am learning the ropes and did not understand the benefit of paying quarterly taxes. As a result, I owe, I owe so off to work I go. But what happens if you owe big but [...]
New Tax Law Changes for Your 2008 Federal Income Taxes
Every year there’s a slew of new tax businesses that open in malls and vacant stores around the country. They’ll stay open until the beginning of May and then disappear for the rest of the year. As much as we like to make taxes seem much more complicated than they actually are, it’s pretty easy [...]
I agree. If a local business is the one offering the sale price I will buy it from them. ...
We are retired and live on a grocery budget of $200 a month for 2 people in the Midwest. That ...