IRS | April 8, 2010
There is still time to claim the First-Time Homebuyer Tax Credit on your 2009 tax return. If you purchased or entered into a binding contract to purchase a home in 2009 or early 2010, you may be eligible to claim…
IRS | April 8, 2010
If you can’t meet the April deadline to file your tax return, you can get an automatic six month extension of time to file from the IRS.
Here are seven things you need to know about filing an extension:
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IRS | April 8, 2010
WASHINGTON — The Internal Revenue Service today reminded taxpayers to pay all taxes due by the April 15 deadline to avoid interest and failure-to-pay penalties.
Filing and Paying on Time Saves Money
If you have a balance due and do…
IRS | April 7, 2010
WASHINGTON — The Internal Revenue Service today released a new form that will help employers claim the special payroll tax exemption that applies to many newly-hired workers during 2010, created by the Hiring Incentives to Restore Employment (HIRE) Act signed…
IRS | April 7, 2010
Announcement 2010-22, On March 18, 2010 the Hiring Incentives to Restore Employment (HIRE) Act of 2010, Pub. L. 111-147 (H.R. 2847) was enacted including FATCA which makes a number of changes to the tax law affecting foreign account tax compliance. …
IRS | April 7, 2010
WASHINGTON — Taxpayers who need extra time to file their federal returns this year can file the Form 4868 request for an automatic extension through IRS Free File. The extension gives you an additional six months, until Oct. 15, to…
IRS | April 7, 2010
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…
IRS | April 6, 2010
WASHINGTON — As the April 15 tax deadline approaches, the Internal Revenue Service today announced initial results from its stepped-up effort involving enforcement and education to combat unscrupulous tax return preparers and protect the nation’s taxpayers.
The IRS said it…
IRS | March 25, 2010
Travel expenses are deductable if the trip was entirely business related.
If the trip was primarily for personal reasons, such as a vacation, the entire cost is a nondeductible personal expense.
However, expenses at the destination directly related to business may…
