IRS Offers Tax Payment Options
The IRS cautioned that there is a failure-to-file penalty for taxpayers who don’t file their tax returns by April 15 and who owe taxes. Filing by the deadline allows taxpayers to avoid this penalty, even if they can’t pay all or some of their taxes by the deadline. Taxpayers who can’t meet the filing deadline can request an extension of time to file. However, an extension of time to file is not an extension of time to pay.
Top 10 Tips for Last Minute Tax Filers
With the tax filing deadline close at hand, here are the top 10 tips for taxpayers still working on their tax return. E-file your return. Consider filing electronically instead of using paper tax forms. Choosing to e-file is the best way to ensure your return is accurate and complete.
Download IRS 2008 Tax Guide For Individuals
The IRS has placed its comprehensive tax guide for individuals on IRS.gov, updating it for tax year 2008. The updated on-line version of IRS Publication 17, “Your Federal Income Tax,” contains more than 900 interactive links. Publication 17 has been updated with important changes for 2008, including information on the new recovery rebate credit, new [...]
IRS Seeks to Return $266 Million in Undeliverable Refunds And Economic Stimulus Payments to Taxpayers
WASHINGTON — The Internal Revenue Service is looking for taxpayers who are missing more than 279,000 economic stimulus checks totaling about $163 million and more than 104,000 regular refund checks totaling about $103 million that were returned by the U.S. Postal Service due to mailing address errors. “People across the country are missing tax refunds [...]
IRS Reminder For Qualifying Retirees and Veterans
WASHINGTON — The Internal Revenue Service today reminded qualifying retirees and veterans that it is not too late to file for an economic stimulus payment and announced it will send a second set of information packets to 5.2 million people who may be eligible but who have not yet filed for their stimulus payment. The [...]
2008 Tax Rebate – New Information Released
WASHINGTON — The Internal Revenue Service released additional information today about the upcoming economic stimulus payments (2008 Tax Rebate) in a specially designed section for taxpayers on IRS.gov. The new information includes an extensive set of Frequently Asked Questions about the stimulus payments, with a special emphasis on recipients of Social Security and certain veterans’ [...]
Alternative Minimum Tax (AMT) Processeing
IRS Successfully Processing Tax Forms Affected by AMT Legislation WASHINGTON — The Internal Revenue Service is now processing the five tax forms affected by legislation involving the Alternative Minimum Tax (AMT). On Monday, IRS systems began to accept and process returns that include the five affected forms. After several days of processing, the IRS has [...]
2008 Tax Rebate to be mailed out in May
IRS Will Send Stimulus Payments Automatically Starting in May; Eligible Taxpayers Must File a 2007 Tax Return to Receive Rebate WASHINGTON — The Internal Revenue Service today advised taxpayers that in most cases they will not have to do anything extra this year to get the economic stimulus payments (tax rebate) beginning in May. “If [...]
