Tag Archives: Arkansas

IRS Has $1 Billion for People Who Have Not Filed a 2008 Income Tax Return

IRS YouTube Videos: Haven’t Filed a Tax Return in Years?:English | Spanish | ASL IR-2012-26, Feb. 23, 2012 WASHINGTON — Refunds totaling more than $1 billion may be waiting for one million people who did not file a federal income tax return for 2008, the Internal Revenue Service announced today. However, to collect the money, […]

Help the US Deficit – Don’t Ever File Your 2007 Tax Return!

Video: How to Request a Copy Your Tax Return: English IRS Has $1.1 Billion for People Who Have Not Filed a 2007 Income Tax Return WASHINGTON — Refunds totaling more than $1.1 billion may be waiting for nearly 1.1 million people who did not file a federal income tax return for 2007, the Internal Revenue […]

Settlement for Vioxx ®

Today TaxMama hears from Lenora in Arkansas, who tells us. “Some friends of mine lost their mother due to taking the drug Vioxx® . She died due to complications from taking the drug. Her sons filed suit and are due for a pretty good sum of money. Is that settlement money taxable?”

Bible Stories…by Children

Can you imagine yourself to be the nun that is sitting at her desk grading these papers all the while trying to keep a straight face and maintain her composure! PAY SPECIAL ATTENTION TO THE WORDING AND SPELLING. IF YOU KNOW THE BIBLE EVEN A LITTLE, YOU’LL FIND THIS HILARIOUS! IT COMES FROM A CATHOLIC […]

New Law Encourages Cash Donations for Midwest Disaster Relief

IR-2008-133, Nov. 25, 2008 WASHINGTON –– Taxpayers who make qualifying cash contributions for disaster relief efforts in the Midwest could benefit from a recently passed law that suspends the percentage-of-income limits that would normally apply when taxpayers deduct the contributions on their 2008 federal tax returns. Under the Heartland Disaster Tax Relief Act, an individual […]

Deadline Extensions for Combatants and Disaster Areas

IRS spokesman Eric Smith reminds us that deadline extensions provided to disaster-area taxpayers and those serving in Iraq, Afghanistan and other combat-zone localities also give those affected more time to put money into an IRA. [note: You will find the links in the Resource Box below] Filing and payment extensions, granted by the IRS in […]

Payment Options Available for Those Who Can’t Pay in Full

Courtesy of IRS – IR-2008-56 WASHINGTON — The Internal Revenue Service reminds taxpayers who owe but can’t pay in full that several options are available to help them meet their tax obligations and save money by the April 15 filing deadline. Taxpayers should file their return on time, pay as much as they can with […]

Hurricane Victims

New Guidance for 2005 Gulf Hurricane Victims (See Resource Box for live links) Information has been added to IRS.gov for Hurricane Katrina, Rita and Wilma victims who claimed casualty and theft losses on their individual income tax returns and are now handling reimbursements received in tax years after the loss occurred. Town hall meetings are […]

Chapter 13 Tax Discharges

Today TaxMama hears from Mark in Arkansas, who wants to know, “I have filed a Bankruptcy Chapter 13 repayment plan. Can I have my taxes dismissed in a “tax bankruptcy” even if they’re already in included my Chapter 13 filing?” Dear Mark, Chapter 13 bankruptcy is like a personal re-organization. You get to reduce some […]

IRS and States to Share Employment Tax Examination Results

[Courtesy of the Internal Revenue Service] WASHINGTON — Officials from the Internal Revenue Service and more than two dozen state workforce agencies today announced they have entered into agreements to share the results of employment tax examinations. The agreements, part of the Questionable Employment Tax Practice (QETP) initiative, provide a centralized, uniform means for the […]