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Record online numbers for Web site on tax day

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Taxpayers used the Internal Revenue Service Web site at record levels on April 17 – and during the days leading up to it.
During the week prior to the income tax filing deadline, there were 3,385,936 visits to IRS.gov. That number trumps last year’s 3,337,300. Continue Reading Record online numbers for Web site on tax day

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The Internal Revenue Service has released the winter 2005-2006 issue of the Statistics of Income Bulletin.
The SOI Bulletin includes information about on data from individual income tax returns for 2004.
In 2004, adjusted gross income rose for the second year in a row, increasing by 8.9 percent to $6.8 trillion. Continue Reading IRS releases information about 2004 tax returns

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All bankers know they are stars in their own right.
But folks visiting downtown’s First Community Bank on April 7 may have done a double take when they saw their favorite bank employees dressed as movie stars.
It was part of First Community Bank’s “Not Your Typical Day,” theme to celebrate the banks motto of “Not Your Typical Bank.” Continue Reading Bankers become movie stars during atypical day

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Colorado stocks appear to be performing twice as well as those from across the nation.
The Standard & Poor’s 500 was up 3.6 percent and the Dow Jones was up 4.1 percent through the beginning of the week. However, companies based in the state saw gains of 8 percent, according to the Bloomberg Rocky Mountain News Index, which tracks the stocks of 114 companies based in Colorado. Continue Reading Colorado stocks doing twice as well as national

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More people than ever filing taxes from home

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The Internal Revenue Service has announced that the number of taxpayers who e-file their taxes from home computers is up almost 17 percent from last year.
So far this season, 70 percent of all returns have been e-filed, compared to 68 percent for the same period last year. Continue Reading More people than ever filing taxes from home

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Freddie Mac and the Mortgage Bankers Association are teaming up to persuade Fort Carson’s Hispanic soldiers and their family members to consider a career in mortgage banking.
The Freddie Mac and MBA coalition, called Welcome Home, provides free bilingual training to increase the number of Spanish-speaking mortgage bankers and serve an expected surge in Latino home buyers. Continue Reading Welcome Home initiative targets Hispanic soldiers

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The Federal Deposit Insurance Corp. Board of Directors has approved increasing the deposit insurance coverage on certain retirement accounts at a bank or savings institution from $100,000 to $250,000.
The increase, the result of a new law boosting federal deposit insurance coverage for the first time in more than 25 years, will become effective on April 1. The basic insurance coverage for other deposit accounts will remain at $100,000. Continue Reading FDIC retirement account insurance upped: $250K

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Homeowners’ insurers have settled nearly 70 percent of claims resulting from Hurricane Katrina in Louisiana and Mississippi, according to the Insurance Information Institute.
The institute estimates that as of Jan. 24 more than 732,000 homeowners’ claims have been settled for a total of $11.4 billion. Continue Reading Most Katrina homeowner insurance claims settled

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The Federal Deposit Insurance Corp. has scheduled public hearings next month to discuss Wal-Mart’s application for federal deposit insurance.
Wal-Mart is proposing to create the Wal-Mart Bank, an industrial loan company that would be headquartered in Salt Lake City.
ILCs are state banks that are supervised and insured by the FDIC. Continue Reading Wal-Mart Bank planned, FDIC holding hearings

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IRS softens the process for business extensions

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If you are one of the many business owners who will need to file an extension this year, you’ll be glad to know the Internal Revenue Service has tried to make the process a little easier.
In a move the IRS says is intended to simplify the extension process, officials have designed a single-standard extension request form, eliminating the need for business owners to have to choose from four different forms. Continue Reading IRS softens the process for business extensions

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