The Internal Revenue Service today released new withholding tables that will result in more take-home pay this spring for millions of American workers.
Get the full story...
The Internal Revenue Service today kicked off the 2009 tax filing season by announcing a number of new steps to help financially distressed taxpayers maximize their refunds and speed payments while providing additional help to people struggling to meet their tax obligations.
Get the full story...
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.
Get the full story...
Here are a few highlights of the coming year's financial calendar. At the end you'll find a download link for the IRS tax calendar for small businesses which also includes some tax planning and other tips from the IRS. A few of the high points:
Get the full story...
The IRS is giving homeowners in need a well deserved Christmas gift. A plan announced today by IRS Commissioner Doug Shulman will make it easier for struggling homeowners to sell and refinance their homes.
Get the full story...
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.
Get the full story...
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.
Get the full story...
National Taxpayer Advocate Nina E. Olson announced today that the 2009 Low Income Taxpayer Clinic (LITC) grant application process is now open.
Get the full story...
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.
Get the full story...
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.
Get the full story...
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.
Get the full story...
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.
Get the full story...