The Alliance Defense Fund has called on 35 pastors across the country to break IRS tax laws and endorse presidential candidates during sermons. The pastors will draw on Bible passages tomorrow in a protest organized by the group of conservative Christian lawyers.
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IRS yesterday announced an increase in the optional standard mileage rates for the final six months of 2008. Taxpayers may use the optional standard mileage rates to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. IRS mileage rate increase is designed to be a fairsolution for businesses.
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National Taxpayer Advocate Nina E. Olson announced today that the 2009 Low Income Taxpayer Clinic (LITC) grant application process is now open.
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The IRS has created a new "safe harbor" that allows vacation home owners to exchange their mixed-use properties and still receive 1031 treatment. Here are some of the rules you must follow for this exchange, reports Smart Money.
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April 15 is the deadline for filing a federal tax return. But not everybody can meet that deadline. If you need more time to get your paperwork in, make sure you file a Form 4868, Automatic Extension of Time to File, with the IRS by the April 15 deadline and you'll get an automatic six-month extension of time to file.
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The 2008 federal "Tax Day" is Tuesday, April 15, prompting procrastinators to cram in order to make the tax deadline. However, taxpayers can file IRS extension forms before tax deadline.
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The IRS is working on the issuance of stimulus payments to 115 million Americans this spring and summer that will boost the economy and get money into the hands of the Americans quickly.
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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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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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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.
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President Bush has signed into law a $165 billion economic stimulus package providing rebate checks to taxpayers. You might receive a check for $300, $600, $1,200, or even more depending on your conditions.
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The IRS has posted a schedule indicating when tax payers, if eligible, will receive their tax payments. Keep in mind that these are estimates and the IRS could very well not meet this schedule. The schedule is based on the final two digits of your Social Security number. If you file jointly, use the last two digits of the primary filer’s Social Security number.
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