IRS

US pastors plan to defy law and endorse candidates

admin_huliq — Sun, 28 Sep 2008 13:12:21 -0500

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.

IRS Mileage Rate Increases For 2008 July-Dec.

erku — Tue, 24 Jun 2008 12:20:59 -0500

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.

IRS Accepting Applications for Low Income Taxpayer Clinic Grants

admin_huliq — Thu, 29 May 2008 06:38:05 -0500

National Taxpayer Advocate Nina E. Olson announced today that the 2009 Low Income Taxpayer Clinic (LITC) grant application process is now open.

IRS Approves 1031 Exchange of Vacation Homes

admin_huliq — Sun, 25 May 2008 20:47:01 -0500

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.

IRS Says Filing Extension, Form 4868 Available On Site

admin_huliq — Tue, 15 Apr 2008 15:02:37 -0500

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.

Taxpayers Can File IRS Extension Forms Before April 15 Deadline

admin_huliq — Mon, 14 Apr 2008 12:53:31 -0500

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.

IRS Working to Issue Economic Growth Payments

admin_huliq — Sat, 12 Apr 2008 10:20:58 -0500

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.

IRS Tips for Tax Filers on Economic Stimulus Payments

admin_huliq — Sun, 06 Apr 2008 20:41:51 -0500

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.

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

admin_huliq — Fri, 21 Mar 2008 09:35:01 -0500

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.

IRS Posts Economic Rebate Schedules and Online Payment Calculator

admin_huliq — Tue, 18 Mar 2008 10:30:36 -0500

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.

Economic Stimulus Tax Rebate Calculator

admin_huliq — Tue, 18 Mar 2008 09:13:15 -0500

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.

Economic Stimulus Rebate Schedule: Receiving Your Rebate

admin_huliq — Tue, 18 Mar 2008 09:09:48 -0500

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.