Tag Archives: IRS

Read This if you Need More Time to Pay Your Taxes

Courtesy of IRS [But read TaxMama’s Tips at Suze Orman’s MoneyMindedMoms.com site – if you need even MORE time! And don’t like IRS’s options.] Taxpayers who owe taxes may be relieved to know that there are some options for those who owe and can’t afford to pay the full amount right away. Here are the top […]

Tax-Time Errors Filers Should Avoid

 Courtesy of IRS Mistakes on tax returns mean they take longer to process, which in turn, may cause your refund to arrive later. The IRS cautions against these nine common errors so your refund is timely.

Seven Facts about Injured Spouse Relief

Courtesy of IRS If you file a joint return and all or part of your refund is applied against your spouses’ past-due federal tax, state income tax, child or spousal support or federal nontax debt, such as a student loan, you may be entitled to injured spouse relief. Here are seven facts the IRS wants […]

IRS Investigative Equipment Vulnerable to Waste and Loss

WASHINGTON – The Internal Revenue Service (IRS) should strengthen its controls over its investigative equipment to prevent waste and loss, according to a report publicly released today by the Treasury Inspector General for Tax Administration (TIGTA). The IRS’s Criminal Investigation (CI) Division has nearly 44,000 pieces of investigative equipment ranging from cars and badges to […]

New IRS Oversight of Tax Preparers Will Take Several Years to Become Fully Operational

Courtesy of TIGTA: WASHINGTON -­ New Federal oversight of paid tax preparers will not be fully operational until 2014, according to a report publicly released today by the Treasury Inspector General for Tax Administration (TIGTA). While the Internal Revenue Service (IRS) is requiring an estimated one million paid tax preparers to register and receive Preparer […]

More Taxpayers Are Filing From Home in 2011 – Early Filing Season Statistics

Courtesy of IRS WASHINGTON — Almost 19 million tax returns have been filed with the IRS from home computers so far this year, an increase of almost 6 percent compared to the number of returns from the same time last year. IRS reminds taxpayers that everyone can use Free File to prepare and e-file their […]

Six Facts the IRS Wants You to Know about the Alternative Minimum Tax

Courtesy of IRS The Alternative Minimum Tax attempts to ensure that anyone who benefits from certain tax advantages pays at least a minimum amount of tax. The AMT provides an alternative set of rules for calculating your income tax. In general, these rules should determine the minimum amount of tax that someone with your income […]

Ask TaxMama Issue 590 – About Women

Dear Family,  This morning started with Kat and Gina on the Moms Making a Million radio show. Their goal is to help a million moms make a million dollars. Don’t you love that goal? They offer clever money saving tips and have charming guests, like Paul Petillo who talked about investments you should not ignore. 

Ten Facts for Mortgage Debt Forgiveness

Courtesy of IRS If your mortgage debt is partly or entirely forgiven during tax years 2007 through 2012, you may be able to claim special tax relief and exclude the debt forgiven from your income. Here are 10 facts the IRS wants you to know about Mortgage Debt Forgiveness.

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 […]

Home Office or Rent

Today TaxMama hears from Leslie in the TaxQuips Forum, who is quite clever.buy acyclovir online gilbertroaddental.com/wp-content/languages/new/generic/acyclovir.html no prescription “I am helping a friend out with her business.  She currently takes a deduction for having a home office for the company that she runs out of her home. Would it benefit her more to charge the […]

IRS Holds Saturday Open Houses on Feb. 26 and March 26 to Help Taxpayers

WASHINGTON — The Internal Revenue Service announced today that nearly 100 IRS offices will be open on Saturday, Feb. 26, and Saturday, March 26, to help taxpayers. The location of participating offices is listed on IRS.gov. “We are opening our doors on these Saturdays to help taxpayers who may not have a chance to seek […]