Income Tax Return

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Ten Odd Tax Deductions You Can Have Last Minute

A story published in today's TurboTax details ten very odd tax deductions that IRS actually allows and that you can have in case you still have to file your taxes today or applying for an IRS tax extension.

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IRS Says Most Workers Will See Bigger Paychecks

The Internal Revenue Service today released new withholding tables that will result in more take-home pay this spring for millions of American workers.

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Paper Argues For Tax Amnesty As Economic Stimulus

Cincinnati Enquirer op-ed, IRS Amnesty Would Stimulate Economy, Give Struggling Taxpayers a Fresh Start, by Howard Levy (Voorhees & Levy, Cincinnati):

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How Can Daschle Regulate Health If Can't Taxes?

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Tom Taschle has mad recompense and has admitted an oversight. It is very likely that he may be confirmed as Obama's Health Secretary and lead the nation through the health care reform. But the public wants him to be more vigilant on health care matters and not treat them as the income tax.

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IRS Mileage Rate 2009: 55 Cents For Business

Last November IRS has issued the 2009 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.

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Small Business Income Will See Tax Hike If Rates Are Raised

Study shows that higher tax rates discourage growth and expansion of small businesses.

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IRS Tips for Tax Filers on Economic Stimulus Payments

The Internal Revenue Service today urged taxpayers eligible for the economic stimulus payment to file their tax return now in order to get their payment in a timely manner.

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IRS Has $1.2 Billion for People Who Have Not Filed a 2004 Tax Return

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 later than Tuesday, April 15, 2008.

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E-Postcard Filing Now Available on IRS.gov for Small Tax-Exempt Organizations

The Internal Revenue Service announced the launch of a simple electronic tax filing system that small tax-exempt organizations may use to comply with a new law requiring them to file an annual return.

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IRS Will Send Stimulus Payments Automatically Starting in May

In most cases, taxpayers will not have to do anything extra to get the tax rebate payments. Eligible Taxpayers Must File a 2007 Tax Return to Receive Rebate.

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H&R Block Net Income Tax Liability

An economic stimulus plan expected to be signed this week by President Bush will provide most Americans with rebates of $300, $600 or $1,200 in 2008, plus $300 for each child, depending on their filing status, income and net tax liability.

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Three in Four Taxpayers Unaware Of Tax Filing Delay Created by AMT Legislation

Although the IRS today confirmed a tax filing delay for millions of taxpayers claiming any of five popular credits related to AMT calculations, a survey conducted Dec. 18 to 20 for H&R Block (NYSE:HRB), the country’s largest tax preparation firm, revealed that a majority of taxpayers questioned were unaware of the potential tax filing delay created by the recent passage of the AMT legislation.

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