by Rebecca Tonn Published: March 1,2011
Tags: Internal Revenue Service
Nearly 1.1 million Americans could receive tax refunds totaling $1.1 billion. That’s how much the Internal Revenue Service says is available to people who didn’t file federal income tax returns for 2007. To collect the money, however, these people must file a return for 2007 no later than Monday, April 18. The IRS estimates that half these potential refunds [...] [...]
by Rebecca Tonn Published: February 25,2011
Tags: Internal Revenue Service
The Internal Revenue Service has changed its policies, to help make it easier for small business owners and individuals to pay back taxes and avoid tax liens. The IRS has modified its use of tax liens and some of its collection methods – including its offer-in-compromise program and installment payment plans. IRS Commissioner Doug Shulman announced the changes today [...] [...]
by Rebecca Tonn Published: January 13,2011
Paperwork just got easier for a lot of small nonprofits. The Internal Revenue Service has raised the financial threshold for tax-exempt organizations. Instead of a $25,000 threshold, as of the Jan. 1, 2010 tax year, nonprofits with annual receipts of up to $50,000 can file the e-Postcard, or Form 990-N. This means that many more of the smaller tax-exempt [...] [...]
by Rebecca Tonn Published: December 3,2010
Tags: Internal Revenue Service
More than 17,000 Colorado tax-return preparers need to renew their preparer tax-identification number. As of Jan. 1, the Internal Revenue Service will require the use of a tax-identification number on all federal returns prepared by paid tax-return preparers. This week the IRS sent notices to Colorado tax professionals to remind them to renew. Tax professionals [...] [...]
by Rebecca Tonn Published: May 13,2010
Tags: Internal Revenue Service
As part of a National Research Project, the IRS’s Employment Tax Policy Division will conduct 2,000 employment-tax audits each year for the next three years. The examinations will include 2008 Forms 941 – the Employer’s Quarterly Federal Tax Return – and will focus on the following issues: (1) worker classification (employee vs. independent contractor), (2) fringe benefits, (3) officer’s [...] [...]
by Rebecca Tonn Published: March 29,2010
Tags: Internal Revenue Service
If you haven’t made all the contributions to your Individual Retirement Account that you want to make – don’t worry, there might still be time. Here are the top 10 things the Internal Revenue Service wants you to know about setting aside retirement money in an IRA. 1. You may be able to deduct some [...] [...]
by Rebecca Tonn Published: February 24,2010
Capital gains and losses are not just items to remember for business taxes – they apply to personal taxes as well. When preparing your personal or business tax returns, keep in mind that capital gains and losses can impact your tax return. The Internal Revenue Service has 10 facts about gains and losses and how they could [...] [...]
by Becky Hurley Published: February 22,2010
Good news for taxpayers making $57,000 or less during 2009: Your tax preparation is on the house once again. The Free File Alliance, a coalition of leading tax software companies, partnered with the Internal Revenue Service, and wants qualifying taxpayers to take advantage of the IRS Free File program. All taxpayers with an adjusted gross 2009 [...] [...]
by Rebecca Tonn Published: February 17,2010
Tags: Alternative Minimum Tax, Internal Revenue Service, IRS
The Internal Revenue Service has made changes to the alternative minimum tax for 2009. Here are seven facts the IRS wants you to know about AMT changes. 1. Tax laws provide tax benefits for certain kinds of income and allow special deductions and credits for certain expenses. These benefits can drastically reduce some taxpayers’ tax obligations. Congress [...] [...]
by Rebecca Tonn Published: February 10,2010
Tags: Internal Revenue Service
The Internal Revenue Service has tax tips for taxpayers with disabilities or parents of children with disabilities. Below are seven tax credits or benefits that are available if someone on your federal tax return has a disability. 1. Standard deduction Taxpayers who are legally blind may be entitled to a higher standard deduction on their tax return. 2. [...] [...]
Loading ...This poll is not a scientific sampling, but offers a quick view of what readers are thinking.
On The Horizon: Read calendar items from the print edition of the Business Journal here.
To submit your event to our community calendar, set up the event as an appointment in your email calendar and invite events.csbj@gmail.com as an attendee.
