File Your Taxes Now.com » Tax News

IRS Dedicated Phone Line for Gulf Oil Spill Victims

Admin — Sat, 10 Jul 2010 02:13:11 +0000

The Internal Revenue Service today announced the opening of a special telephone line for taxpayers affected by the Gulf oil spill. Individuals who have questions about the BP payments or who are experiencing filing or payment hardships because of the oil spill should contact the IRS

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First-Time Homebuyer Credit Closing Deadline Extended to September 30, 2010

Admin — Sat, 03 Jul 2010 00:11:20 +0000

The deadline for the completion of qualifying First-Time Homebuyer Credit purchases has been extended. Taxpayers who entered into a binding contract before the end of April now have until September 30, 2010 to close on the home. The Homebuyer Assistance and Improvement Act of 2010, enacted on July 2, 2010, extended the closing [...]

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IRS Accepting Applications for Qualifying Therapeutic Discovery Project Program

Admin — Sat, 19 Jun 2010 02:43:21 +0000

The Internal Revenue Service today announced that small firms may now begin applying for certification for tax credits or grants available under the Qualifying Therapeutic Discovery Project Program, created by the Affordable Care Act.

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What Happens After You File Your Taxes

Admin — Fri, 07 May 2010 19:32:43 +0000

Most taxpayers have already filed their federal tax returns, but many may still have questions. Here’s what the IRS wants you to know about refund status, recordkeeping, mistakes and what to do if you move.

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Eight Things to Know If You Receive an IRS Notice

Admin — Fri, 07 May 2010 19:23:15 +0000

The Internal Revenue Service sends millions of letters and notices to taxpayers every year. Here are eight things taxpayers should know about IRS notices – just in case one shows up in your mailbox. Don’t panic. Many of these letters can be dealt with simply and painlessly.

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Ten Tips for Business Owners – Employee vs. Independent Contractor

Admin — Thu, 15 Apr 2010 01:54:33 +0000

If you are a small business owner, whether you hire people as independent contractors or as employees will impact how much taxes you pay and the amount of taxes you withhold from their paychecks. Additionally, it will affect how much additional cost your business must...

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Haiti Relief Workers Qualify for Extension

Admin — Tue, 13 Apr 2010 23:54:15 +0000

Members of the military and certain civilians providing earthquake relief in Haiti have additional time to file their 2009 returns and pay any taxes due, the Internal Revenue Service announced today.

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Top Ten Facts about Amended Returns

Admin — Tue, 13 Apr 2010 15:01:26 +0000

You can make a change or an adjustment to a tax return you’ve already filed by filing an amended return. Here are the top 10 things you need to know about amending your federal tax return.

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Ten Facts about Mortgage Debt Forgiveness

Admin — Sat, 10 Apr 2010 05:15:37 +0000

If your mortgage debt is partly or entirely forgiven during tax years 2007 through 2012, you may be able to claim special tax relief and exclude the debt forgiven from your income. Here are 10 facts the IRS wants you to know about Mortgage Debt Forgiveness.

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Nine Things You Should Know about Tax Penalties

Admin — Sat, 10 Apr 2010 04:48:36 +0000

The tax filing deadline is approaching. If you don’t file your return and pay your tax by the due date you may have to pay a penalty. Here are nine things you should know about the two different penalties you may face if you do not pay or file on time.

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Six Tips For Getting More Time to File your Tax Return

Admin — Thu, 08 Apr 2010 22:55:44 +0000

E-file extension You can e-file an extension request using tax preparation software with your own computer or by going to a tax preparer who has the software. The IRS will acknowledge receipt of the extension request if you file by computer.

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Three Ways to Pay Your Federal Income Tax

Admin — Thu, 08 Apr 2010 02:20:01 +0000

People who owe taxes but can’t pay the full amount owed by the April deadline should still file their return on time and pay as much as they can to avoid penalties and interest. If you can’t pay the full amount, you should contact the IRS to ask about alternative payment options. Here are some of the alternative payment options you may want to consider:

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