By Admin on April 12, 2010
If you purchased or entered into a binding contract to purchase a home in 2009 or early 2010, you may be eligible to claim the First-Time Homebuyer Credit. Claiming this credit might mean a larger refund.
Posted in Tax Credits, Tax Tips | Tagged 1098, 5405, First-Time, Form, homebuyer credit, HUD-1
By Admin on April 12, 2010
If you make eligible contributions to an employer-sponsored retirement plan or to an individual retirement arrangement, you may be eligible for a tax credit. Here are six things you need to know about the Retirement Savings Contributions Credit: 1. Income Limits The Savers Credit, formally known as the Retirement Savings Contributions Credit, applies to individuals [...]
Posted in Tax Credits | Tagged 401(k), 590, 610, 8880, Contributions, Form, IRA, Retirement, Savings
By Admin on April 10, 2010
If you’ve changed your home or business address, make sure you update that information with the IRS to ensure you receive any refunds or correspondence from the IRS.
Posted in Tax Tips | Tagged 8822, address change, Change of Address, Form
By Admin on April 9, 2010
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.
Posted in Tax News | Tagged 1099-C, 982, Form, mortgage debt, mortgage debt forgiveness, Reduction of Tax Attributes Due to Discharge of Indebtedness
By Admin on April 7, 2010
With the tax filing deadline close at hand, here are the top 10 tips the IRS wants you to know if you are still working on your federal tax return. E-file your return Don’t miss out on the benefits of e-file. Your tax return will get processed quickly if you use e-file. If there is [...]
Posted in Tax News | Tagged 1040v, 4868, 9465, Form, Last Minute, Tax filing