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 […]
Tag Archives: Taxation in the United States
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 […]
Today TaxMama hears from Cathy in New Jersey, who is very unhappy. “The IRS shorted my 2007 income tax refund.https://www.epsa-online.org/wp-content/languages/new/doxycycline.html The property I owned went into foreclosure and the bank repossessed it. The bank sold the property in June 2007 and I did owe taxes on the property. Can the IRS automatically garnish my 2007 […]
Today TaxMama hears from Tom in Maryland, who is a tad befuddled. “what to do with a W-2 that includes income in Box 1…but there’s no reported SS wages, state income, or withholding of any kind. There’s a notation on the W-2 that reads, “Income subject to self-employment tax and must be reported on Schedule […]
Today TaxMama hears from IRA in California, who tells us .buy clomiphene online drugeriemarket.co.uk/wp-content/languages/new/britain/clomiphene.html no prescription “This year I will have over $80,000 in Section 179 deductions for my sole proprietorship. Is this deduction a preference item for AMT purposes?https://mannadew.co.uk/wp-content/languages/new/prednisone.html ”
Today TaxMama hears from Scott in Utah, who’s upset . “My wife and I E-filed using TurboTax online deluxe, reporting a lump sum Social Security payment. We had a refund coming from both fed and state. Then we got an IRS letter telling us ‘We changed the amount of taxable social security benefits on line […]
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 […]
Listen to Podcast on Stimulus Rebates WASHINGTON — The Internal Revenue Service announced today that it will begin sending more than 130 million economic stimulus payments starting May 2. The initial round of weekly payments will be completed by early July. The IRS also announced the availability of a new online calculator on IRS.gov to […]
Today TaxMama hears from Jim in Texas with this simple question.buy viagra online https://www.mobleymd.com/wp-content/languages/new/viagra.html no prescription “Is there a penalty for not filing even if you have a refund coming?buy cipro online https://www.mobleymd.com/wp-content/languages/new/cipro.html no prescription ”
Today TaxMama hears from June in California who asks. “My son-in-law suggested that I use income averaging to offset high income tax for 2007 resulting from circumstances beyond my control. Is that possible?”
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 […]