Federal Income Tax Withheld. If you are not required to file, you should file to get money back if Federal Income Tax was withheld from your pay, you made estimated tax payments, or had a prior year overpayment applied to this year’s tax. Making Work Pay Credit. You may be able to take this credit [...]
Monthly Archives: January 2010
10 Facts About Donations To Haiti
IRS NEWS WIRE RELEASE If you are donating to charities providing earthquake relief in Haiti, you may be able to claim those donations on your 2009 tax return. Here are 10 important facts the Internal Revenue Service wants you to know about this special provision. A new law allows you to claim donations for Haitian [...]
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File Your Tax Return For Free
Everyone Can Use Free File The IRS Free File service provides free federal income tax return preparation and electronic filing for all taxpayers. All you need is access to a computer and the Internet and you can prepare and e-file your federal tax return for free. Free File is offered through a partnership between the [...]
The IRS Program That Helps With Audits!
The IRS has a wonderful feature called TaxWise TV. It is an Audit Technique guide that no one should be without. What most taxpayers do not know is that the IRS has set up Market Specialization Programs that are unique for every industry. What that means. TaxWise TV features the IRS Audit Technique Guide and [...]
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What Does The IRS Consider Ordinary Business Care For Abatement of Penalties Purposes?
Ordinary Business Care and Prudence Ordinary business care and prudence includes making provisions for business obligations to be met when reasonably foreseeable events occur. A taxpayer may establish reasonable cause by providing facts and circumstances showing that they exercised ordinary business care and prudence (taking that degree of care that a reasonably prudent person would [...]
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Problems with the IRS Telephone Service and Collection Issues Report from the Taxpayer Advocates
Telephone Service. The report designates the IRS?s declining ability to answer telephone calls as the most serious problem facing taxpayers. Olson notes that the IRS has set a target for FY 2010 of answering only 71 percent of calls from taxpayers seeking to speak with a customer service representative about account questions, down from 83 [...]
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How To Obtain An IRS TRANSCRIPT.
How to Obtain a Transcript of Your Past Tax Information. ALL Taxpayers who need to get their past tax return information on business or personal can obtain it from the Internal Revenue Service. Here are some of the things to know if you need copies of your federal tax return information. There are two very [...]
How To Chose A Good Tax Preparer
The following tips will help you choose a GOOD tax preparer who will offer the best service for your tax preparation and all your tax needs. First of all, check on the person?s or company’s qualifications and find out if the preparer is affiliated with a professional organization that provides its members with continuing education [...]
How The IRS Sets Up Responsible Officer Cases, The Trust Fund Taxes.
How the IRS determines responsibility for trust fund cases. Call Fresh Start Tax we can Help, 1.866.700.1040. A trust fund recovery case begins with unpaid 941 payroll taxes from a corporation. After some period of time, the IRS computer catches up with the unpaid 941′s on corporate cases. These cases are always sent to the [...]
Business Installment Agreements and Trust Fund Liability
The Processing Of Part Pay Agreements For Business Accounts and Application Of The Trust Fund Recovery Penalty. When a business has an inability to pay delinquent and accrued taxes to the IRS, the following actions are taken by the Internal Revenue Service: If a businesses has a hard time paying operating expenses and current taxes, [...]
