How do you get your Federal Tax Lien Released after the statue of limitation has expired? Pull a copy of the Federal Tax Lien in the courthouses where the federal tax lien(s) were filed. There may be multiple courthouse where the federal tax liens where filed in cases where you have moved around and have [...]
Monthly Archives: April 2010
COBRA ELIGIBILITY
COBRA Subsidy Eligibility Period Extended to May 31 WASHINGTON ? Workers who lose their jobs during April and May may qualify for a 65-percent subsidy on their COBRA health insurance premiums, according to the Internal Revenue Service. The American Recovery and Reinvestment Act established this subsidy to help workers who lost their jobs as a [...]
Health care coverage for children under the age of 27
Coverage Now Available for Children under Age 27 As a result of changes made by the recently enacted Affordable Care Act, health coverage provided for an employee’s children under 27 years of age is now generally tax-free to the employee, effective March 30, 2010. The Internal Revenue Service announced today that these changes immediately allow [...]
New Health Care Tax Credit
The Internal Revenue Service this week began mailing postcards to more than four million small businesses and tax-exempt organizations to make them aware of the benefits of the recently enacted small business health care tax credit. 66R2KZ4F8TVW Included in the Patient Protection and Affordable Care Act approved by Congress last month and signed into law [...]
What Happens After You File Your Tax Return?
Here?s What Happens After You File Most taxpayers have already filed their federal tax returns, but many may still have questions. Here?s what the IRS wants you to know about refund status, recordkeeping, mistakes and what to do if you move. Refund Information You can go online to check the status of your 2009 refund [...]
Received an IRS Notice? Do Not Panic!
Don?t Panic! Eight Things to Know If You Receive an IRS Notice The Internal Revenue Service sends millions of letters and notices to taxpayers every year. Here are eight things taxpayers should know about IRS notices ? just in case one shows up in your mailbox. Don?t panic. Many of these letters can be dealt [...]
Amended Returns, Facts
If you need to amend your tax return, use Form 1040X, Amended U.S. Individual Income Tax Return. Use Form 1040X to correct previously filed Forms 1040, 1040A or 1040EZ. The 1040X can also be used to correct a return filed electronically. However, you can only paper file an amended return. You should file an amended [...]
5 Tips for Great Record Keeping
There are many records you have that may help document items on your tax return. You?ll need this documentation should the IRS select your return for examination. Here are five tips from the IRS about keeping good records. Normally, tax records should be kept for three years. Some documents ? such as records relating to [...]
IRS Payment Options, E-pay, Credit Card, Installment Agreements
IRS Payment Options Include E-pay, Credit Card, and Installment Agreements. 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 not pay by April 15, you are [...]
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How to Get More time to File your Tax Return
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: Extra time to file. An extension will give you extra time to get your paperwork to [...]
