By now the W-2s and 1099s have arrived via mail. But before you file taxes, be aware of tax changes. This is the Internal Revenue Service’s top five tax changes for 2009. 1. The American Recovery and Reinvestment Act of 2009 ARRA has several tax provisions that affect individual tax returns, which are due April [...] [...]
Donations made to earthquake relief efforts in Haiti qualify for special tax relief provision on 2009 or 2010 tax returns. The Internal Revenue Service said that taxpayers who itemize deductions on Schedule A may qualify. A new IRS law, enacted Jan. 22, allows for special tax relief for cash (not property) contributions to specific charities [...] [...]
The Internal Revenue Service has released the new home buyer credit Form 5405. The IRS will begin processing those tax returns in mid-February, after completion of testing and updating of systems to meet new requirements and deter fraud. The Worker, Homeownership, and Business Assistance Act of 2009 extended credit to a broader range of home [...] [...]
With news and names strong enough to send chills to even the toughest of tax-evading mobsters, the Internal Revenue Service this week announced new criminal investigation chiefs. Victor Song will be the new chief of criminal investigations, and Rick Raven will serve as criminal investigation deputy chief. Criminal investigation is the IRS’ law enforcement arm. Its worldwide staff investigates and assists in [...] [...]
About 23,700 Coloradoans would be eligible for $20.7 million – a median amount of $532 per individual – if only they would file a 2005 tax return. The Internal Revenue Service announced Tuesday that taxpayers must file returns by April 15 in order to collect a refund for 2005 taxes. It’s not exactly chump change, [...] [...]