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Did you receive a 2009 ERP?

admin — Thu, 18 Mar 2010 01:27:41 +0000

Did you receive a $250 Economic Recovery Payment in 2009? You’ll need to know if you are claiming the Making Work Pay Tax Credit on your 2009 tax return. Only individuals who received income from the Social Security Administration, Department of Veterans Affairs and Railroad Retirement Board received a $250 Economic Recovery Payment. If you [...]

Do not get penalized

admin — Thu, 18 Mar 2010 01:18:55 +0000

Nine Things You Should Know about Penalties 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 the IRS wants you to know about the two different penalties you may face if you do [...]

Stay Away From Errors

admin — Thu, 18 Mar 2010 00:21:13 +0000

Errors made on tax returns may delay the processing of your tax return, which in turn, may cause your refund to arrive later. Here are nine common errors the IRS wants you to avoid to help guarantee your refund arrives on time. Incorrect or missing Social Security Numbers When entering SSNs for anyone listed on [...]

Did I Receive a 2009 Economic Recovery Payment?

admin — Mon, 08 Mar 2010 15:43:18 +0000

The IRS developed the “Did I Receive an Economic Recovery Payment?” look up tool which gives taxpayers an easy way to determine if they received the one-time ERP payment and which agency made the payment. Beginning March 8, 2010, taxpayers can call 866-234-2942 to access the phone application. The Web application will be available in late [...]

Checking the Status of Your Refund

admin — Fri, 26 Feb 2010 20:46:13 +0000

Are you expecting a tax refund from the Internal Revenue Service this year? If so, here are seven things you should know about checking the status of your refund once you have filed your federal tax return. 1. Online Access to Refund Information Where’s My Refund? or ¿Dónde está mi reembolso? are interactive tools [...]

Five Ways to Offset Education Costs

admin — Sat, 13 Feb 2010 14:55:56 +0000

College can be very expensive. To help students and their parents, the IRS offers the following five ways to offset education costs. The American Opportunity Credit This credit can help parents and students pay part of the cost of the first four years of college. The American Recovery and Reinvestment Act modifies the existing [...]

Still haven’t received your W2?

admin — Thu, 11 Feb 2010 22:32:03 +0000

Four Steps to Follow If You Are Missing a W-2 Getting ready to file your tax return? Make sure you have all your documents before you start. You should receive a Form W-2, Wage and Tax Statement from each of your employers. Employers have until February 1, 2010 to send you a 2009 Form W-2 [...]

Seven Important Facts about Claiming the First-Time Homebuyer Credit

admin — Tue, 09 Feb 2010 20:05:44 +0000

If you purchased a home in 2009 or early 2010, you may be eligible to claim the First-Time Homebuyer Credit, whether you are a first-time homebuyer or a long-time resident purchasing a new home. Here are seven things the IRS wants you to know about claiming the credit: You must buy – or enter [...]

Do You Qualify for the Earned Income Tax Credit

admin — Sat, 06 Feb 2010 16:39:26 +0000

The Earned Income Tax Credit, commonly referred to as EITC, can be a financial boost for working people adversely impacted by hard economic times. However, one in four eligible taxpayers could miss out on the credit because they don’t check it out. Here are the top 10 things the Internal Revenue Service wants you to [...]

5 tax change highlights for 2009

admin — Sat, 06 Feb 2010 16:33:26 +0000

As you get ready to prepare your 2009 tax return, the Internal Revenue Service wants to make sure you have all the details about tax law changes that may impact your tax return. Here are the top five changes that may show up on your 2009 return. 1. The American Recovery and Reinvestment Act ARRA [...]

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