IRS Announces 2012 Standard Mileage Rates, Most Rates Are the Same as in July

December 28, 2011 0 Comments 8 tags

WASHINGTON — The Internal Revenue Service today issued the 2012 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving

IRS Seeks to Return $153 Million in Undelivered Checks to Taxpayers; Recommends e-file, Direct Deposit to Avoid Future Delivery Problems

December 27, 2011 0 Comments 8 tags

Video: Undeliverable Refunds: English | Spanish | ASL Podcast: Undeliverable Refunds WASHINGTON — In an annual reminder to taxpayers, the Internal Revenue Service announced today that it is looking to

IRS Announces Pension Plan Limitations for 2012

December 27, 2011 0 Comments 4 tags

WASHINGTON — 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. In general, many of

How to Reduce Tax-Time Stress

August 26, 2011 0 Comments 7 tags

Many taxpayers cannot maximize their tax refund or cannot reduce their tax liabilities because when tax filing, they cannot find the records to support their claims. Obviously, you may think

Are you a Charitable Taxpayer?

August 22, 2011 0 Comments 9 tags

Charities continue to assist and help the needed thanks to the contributions from individuals and corporations that continue to support these charitable organizations. These donations to charity are tax deductible

Seven Tax Tips for Recently Married Taxpayers

August 20, 2011 0 Comments 7 tags

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

How to Get Your Prior-Year Tax Information from the IRS

August 18, 2011 0 Comments 7 tags

We are not invulnerable to accidents or unforeseen circumstances; natural disasters and fire can happen at any time and destroy our best kept records. There are other times when our

How to Amend Your Tax Return

August 9, 2011 0 Comments 10 tags

We make mistakes. We’re not perfect. It happens to the best of us. You double checked everything on the tax return and since everything seems to be correct, you drop

Are You Selling Your Home?

August 8, 2011 0 Comments 7 tags

If you are selling a property that is your main home, then you’re probably aware of the incredibly generous tax break available when you sell your home. Play your cards

Does the IRS Have Money Waiting For You?

August 6, 2011 0 Comments 10 tags

If you earned income in the last few years but you didn’t file a tax return because your wages were below the filing requirement, the Internal Revenue Service may have