Dear Family, Today is the anniversary of the first crossword puzzle book. The first published instance of a crossword puzzle was back in 1913, created by Arthur Wynne for the New York World. The first book was published by Simon and Schuster, 84 years ago, at the behest of Richard Simon’s aunt. Naturally, the first […]
Tag Archives: Governor
Courtesy of IRS – IR-2008-049 WASHINGTON — National Taxpayer Advocate Nina E. Olson announced today that the IRS will accept applications for a part-year Low Income Taxpayer Clinic (LITC) matching grant from qualified organizations that will provide services to qualified taxpayers in the following areas: Los Angeles, California; Central Oregon; Boise, Idaho; Minneapolis, Minnesota; Reno […]
Courtesy of the Internal Revenue Service TT-2008-60 If you already filed your federal tax return and are due a refund, you have several options for checking on the status of your refund. One way is to use “Where’s My Refund?” an interactive tool on the IRS Web site at IRS.gov. Simple online instructions guide taxpayers […]
Are you one of millions of Americans who need to file a tax return this year solely to obtain your economic stimulus payment? The IRS has set aside Saturday, March 29 as “Super Saturday,” a day of help just for you! Approximately 320 IRS offices will provide free help preparing a simple 1040A for people […]
Courtesy of the Internal Revenue Service IR-2008-046 WASHINGTON — Unclaimed refunds totaling approximately $1.2 billion are awaiting about 1.3 million people who failed to file a federal income tax return for 2004, the Internal Revenue Service announced today. However, to collect the money, a return for 2004 must be filed with an IRS office no […]
Courtesy of the Internal Revenue Service TT-2008-57 When preparing to file your federal tax return, don’t forget your contributions to charitable organizations. Your donations could add up to a sizeable tax deduction if you itemize on IRS Form 1040, Schedule A. Starting in 2007 to deduct any charitable donation of money, taxpayers must have a […]
Courtesy of the Internal Revenue Service TT-2008-54 If you have a gain from the sale or exchange of your main home, you may be able to exclude all or part of the gain from your income. Individuals may be able to exclude up to $250,000 of capital gain, and married taxpayers filing joint returns may […]
If you make eligible contributions to an employer-sponsored retirement plan or to an individual retirement arrangement, you may be able to take a tax credit. The Savers Credit formally known as the Retirement Savings Contributions Credit applies to individuals with a filing status and income of: Single with income up to $26,000 Head of Household […]
Your 1099 Should Have Been a W-2 Due to the widespread problem of employees getting 1099-MISCs from their employers instead of W-2s, the IRS created a new form in 2007 – the Form 8919. Using this form has saved employees thousands of dollars, while protecting their Social Security records and their tax status. Though it […]
SACRAMENTO—A public school teacher was arrested today at Los Angeles International Airport as he attempted to board a flight while in possession of a ruler, a protractor, a compass, a slide rule, and a multi-function calculator. At a morning press conference, Governor Arnold Schwarzenegger said he believes the man is a member of the notorious […]
Courtesy of the Internal Revenue Service TT-2008-38 Part or all of a child’s investment income may be taxed at the parent’s rate rather than the child’s rate. Because a parent’s taxable income is usually higher than a child’s income, the parent’s top tax rate will often be higher as well. This special method of figuring […]
Courtesy of the Internal Revenue Service TT-2008-36 Payments that you receive from your IRA or qualified retirement plan before you reach age 59½ are normally called ‘early’ or ‘premature’ distributions. These funds are subject to an additional 10 percent tax and must be reported to the IRS. There are a number of exceptions to this […]