Thursday, April 4, 2013
The Dirty Dozen list highlights scams taxpayers can encounter at any point during the year, but which often peak during tax time.
The following is from the IRS: The Internal Revenue Service has issued its annual “Dirty Dozen” list of tax scams, reminding taxpayers to use caution during tax season to protect themselves against a wide range of schemes ranging from identity theft to return preparer fraud. The Dirty Dozen listing, compiled by the IRS each year, lists a variety of common scams taxpayers can encounter at any point during the year. But many of these schemes peak during filing season as people prepare their tax returns. "This tax season, the IRS has stepped up its efforts to protect taxpayers from a wide range of schemes, including moving aggressively to combat identity theft and refund fraud," said IRS Acting Commissioner Steven T. Miller. "The Dirty Dozen…
Tuesday, January 15, 2013
Standard deductions go up, but the ceiling for itemized deductions go down in 2013, plus other changes that will affect your taxes this year.
Tuesday, January 15
On Friday, the Internal Revenue Service announced annual inflation adjustments for tax year 2013, including the tax rate schedules, and other tax changes from the recently passed American Taxpayer Relief Act of 2012. The tax items for 2013 of greatest interest to most taxpayers include the following changes. Details on these inflation adjustments and others are contained in Revenue Procedure 2013-15, which will be published in Internal Revenue Bulletin 2013-5 on Jan.28, 2013. Other inflation adjusted items were published in October 2012 in Revenue Procedure 2012-41. -News release from the Internal Revenue Service
Monday, April 9, 2012
The deadline to file — April 17 — is fast approaching. Find a tax preparer in the Patch Directory.
Monday, April 9, 2012
The temperatures are rising; the birds are returning; the trees are waking up. Spring is arriving. That means it's time to break out the shorts and sandals, head outdoors ... and face the tax man. Whether you'll be boosting your savings with a check from the government, or draining the account to pay off the IRS, time is running out to file your taxes. April 17 — the deadline to file — is fast approaching. While most of our W-2 forms arrived more than two months ago, countless taxpayers wait until the last minute to file every year, particularly those who will be sending money the government's way. So which is it for you? Are you getting some cash back, or making some sacrifices to pay off the bill? Having the right person to sort through…