Courtesy of the Internal Revenue Service WASHINGTON — The Internal Revenue Service today urged taxpayers whose tax-filing extension runs out on Oct. 15 to double check their returns for often-overlooked tax benefits and then file their returns electronically using IRS e-file or the Free File system. Many of the more than 11 million taxpayers who […]
Tag Archives: Funds
Dear Family, What a distracting morning! While I am perfectly capable of ignoring ringing telephones, I haven’t quite mastered the art of ignoring emails. They seem to pile up if you don’t answer them, or read them, have you noticed? Then we had a little earthquake. Not much. Certainly not for Southern California. (Actually, OK…truth? […]
For Investors, Reporting Gains and Losses Gets Easier Starting in 2011 WASHINGTON — The Internal Revenue Service today issued final regulations under a law change that will require reporting of basis and other information by stock brokers and mutual fund companies for most stock purchased in 2011 and all stock purchased in 2012 and later […]
Today TaxMama wants to speak to you about how to gain a better understanding of your investments, and money – and perhaps their relationship to your taxes.
Courtesy of the Internal Revenue Service IR-2008-012 WASHINGTON — Nearly 12,000 free tax preparation sites will be open nationwide this year as the Internal Revenue Service continues to expand its partnerships with nonprofit and community organizations performing vital tax preparation services for low-income and elderly taxpayers. The IRS Volunteer Income Tax Assistance (VITA) Program offers […]
IRS Warns of New e-Mail Scam Offering Cash for Participation in “Member Satisfaction Survey” Courtesy of IRS – IR-2007-148, Aug. 28, 2007 WASHINGTON — The Internal Revenue Service today issued a consumer alert regarding a new, two-step e-mail scam that falsely promises recipients they will receive $80 for participating in an online customer satisfaction survey. […]
Today TaxMama hears from Brian in Kentucky who tells us. “In 2006 I sold my house and had some decent profits. I decided to invest some of it and lost $13,000 quickly in the stock market so I closed my accounts. No more of that for me. If I don’t have any capital gains in […]
Today JP from the Internet is hesitant. “I am about to join a 401(k) plan at my new job, Please tell me: 1) How safe is a 401(k) plan? 2) How much interest can you expect?