IRS Seeks Comments on Updates to Corporate and Partnership Tax Forms WASHINGTON — The Internal Revenue Service has released for comment and discussion draft revisions to Form 1065, U.S. Return of Partnership Income, and Form 1120, U.S. Corporation Income Tax Return. The IRS plans to have the forms and related schedules ready for use for […]
Category Archives: IRS Forms
Need to Change Your Federal Tax Withholding? IRS Has an On-Line Calculator That Can Help Did you have too little or too much federal tax withheld from your pay in 2006 – owing money or getting a large refund when you filed your tax return? Have you recently experienced a lifestyle change such as marriage, […]
Today TaxMama hears from lots of readers and Tax Pros about filing amended returns. The Pros say “I never attach a copy of the original return. And I’ve never had problems. Is this a regional requirement? And of course, since TaxMama says it’s so, it must be true, right? “
Today TaxMama hears from Bernie in New York, who’s quite frustrated.http://klassroom.co/files/migration/new/how-to-write-a-thesis-essay.html “My ex-wife and I are working on funding our child’s college education.http://klassroom.co/files/migration/new/how-to-write-analytical-paper.html How can I find out if her ,000 W-2 is complete and honest?buy diflucan online jersey-hemp.com/wp-content/languages/new/online/diflucan.html no prescription Her husband is showing her as his company’s secretary at this reduced income level. […]
WASHINGTON — The Internal Revenue Service today announced a redesigned Form 8857, Request for Innocent Spouse Relief, that will help reduce follow up questions and reduce the burden on taxpayers. The form will ask more questions initially, but collecting critical information early in the process will mean faster processing of the request. The new design […]
By David & Mary Mellem, EAs The Treasury Inspector General for Tax Administration (TIGTA) released a 45 page (pdf version) report dated June 28, 2007 dealing with the Free File Program. There is also a one page “Highlights” of the report. One of the TIGTA concerns was the accuracy of the returns prepared using the […]
Today TaxMama had an interesting adventure after hearing from Mike in New York who asks. “Can the Form 1040EZT be filed after April 17, 2007” [Note: That’s the quick refund form for individuals to claim the Telephone Tax Excise Credit.]
Today TaxMama hears from Michelle in MN who wants to start out right. “If I were to earn summer income of $900 or less through casual labor, online surveys, mystery shopping, and garage/eBay sales, how should I go about reporting all this stuff? Would I have to establish myself as a business in order to […]
Today TaxMama hears from Linda in VA who has this story. “We have a small residential construction business and have established an EIN. We also have a very busy notary business. Until now we have used our Social Security numbers when registering as independent contractor to do notary work. We’d like to get better organized […]
Today TaxMama hears from Kathy in Minnesota who wants to know.https://www.richereducation.co.uk/wp-content/languages/new/essay-writing-service-reviews.html “What is the form to elect to change business form? For instance to change from a partnership to a sole proprietor?”
Today TaxMama hears from Harry in Pennsylvania, who tells us, “I withdrew money from an IRA which used to be an employer annuity, but became an IRA when I left them. I am over 55 and separated from service. Does exception 2, separation from service, apply to distributions from an IRA? Since I am under […]
IRS Accepting Applications for Low Income Taxpayer Clinic Matching Grants WASHINGTON — National Taxpayer Advocate Nina E. Olson announced today that the 2008 Low Income Taxpayer Clinic (LITC) grant application process is now open. The LITC grant program is a federal program administered by the Taxpayer Advocate Service, an independent organization within the IRS that […]