January 28, 2010 – 5:22 pm
How to Check Your Tax Refund Status Online?
Knowing that a tax refund is due after filing their tax returns, many people become happy. In case you have a refund due, then you can check your tax refund status online and here’s how.
Few things regarding tax refunds, I feel, are worth knowing before you proceed towards checking your online status. You should first be aware of the nature of your tax refund and possible internet scams.
If there is a good amount of refund due for you, then it’s better to give a good thought on how much you … Read the rest
By Steve
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Posted in tax credit, tax forms, tax tips
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Tagged Accounting, internal revenue service, IRS, irs web site, online, refund, Tax, tax payments, Tax preparation, tax refund, tax refund online, tax refund status, tax refunds, tax return, United States, where is my refund, Windows refund
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January 27, 2010 – 1:25 pm
Must I File a Tax Return for 2009?
The short answer to this question, do I have to file a tax return, is yes if your income is above the level required for your filing status. But a couple additional pieces of information affect the answer including your age and the source of your income. IRS.gov is a great resource for the exact tax rules.
In addition to the requirement, it makes sense to file a return to get a refund on any taxes that you did pay during the year. There is the special tax credit, Making Work … Read the rest
By Steve
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Posted in e-file, tax credit, tax filing, tax tips
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Tagged Alternative Minimum Tax, do i need to file, do i need to file a return?, Earned Income Tax Credit, file a return, file a tax return, get a refund, internal revenue service, irs requirements, medical savings accounts, Medicare, must i file, Return, social security and medicare, Tax, tax credit, tax return, United States
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January 22, 2010 – 1:37 pm
The Making Work Pay Tax Credit
Created by the ARRA federal bill with an aim at leading to an economic recovery in the US, the Making Work Pat tax credit is something you should be familiar with when completing your tax return for 2009, according to the IRS. The first thing you will notice is a $400 refundable tax credit for single tax filers and an $800 tax credit for married couples. If your employer has taken the credit out of your withholding already, you will not be eligible for an additional credit.
Use Schedule M if you feel … Read the rest
By Steve
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Posted in tax credit, tax tips
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Tagged 1040ez, additional credit, Credit, making work pay, making work pay tax credit, refundable tax credit, schedule M, Tax, tax credit, tax filers, US
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January 21, 2010 – 5:30 pm
IRS Forms to Complete your Return
The IRS has all the tax forms you will need to complete your return and has provided a number of different ways for you to obtain those tax forms. The first stop should by IRS.gov where you can download PDF versions of all forms anytime, any day.
You can also call the IRS and request tax forms at 1-800-829-3676. They offer convenient times for you to call and can also ship to you publications and prior year tax forms if you need them. Don’t wait until the end of the tax season as delivery … Read the rest
January 20, 2010 – 8:07 pm
Invest your 2009 Tax Return
The IRS is offering an investment option if you are getting a refund for your 2009 taxes this year. You can transfer your tax refund for a US savings bond of up to $5,000. You can purchase a bond in any denomination of $50, remaining funds need to be directly deposited into a banking account.
It’s just that simple, when you file choose the US Savings Bond option and you will receive your bonds in the mail instead of a refund check. The official form is Form 8888, used to deposit your refund into more … Read the rest
January 18, 2010 – 4:50 pm
Extended and Expanded: The First Time Homeowners Tax Credit
If you were looking to purchase a home last year before the First Time Home Owners Tax Credit ran out in November and did not find the home you wanted to purchase, you are in luck. The tax credit has been extended to the end April 2010. And this time you do not need to close on a home before the deadline, you just need to have a house in contract. You can close anytime prior to July 1st and qualify for the non-repayment credit. First time homebuyers are anyone that … Read the rest
By Steve
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Posted in tax credit, tax filing, tax tips
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Tagged 2010, april 30, Credit, first home buyers, first time homebuyers, first time homeowners, home, long time home owners, phase out, tax credit
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