Tax News Blogs

January 10, 2012 Earned more than $20 in tips during December? You must report your tips to your employer(s) by January 10. Use Form 4070: Employee’s Report of Tips to Employer. This is the first of the monthly deadlines for tip earners So, if you earn more than $20 in tips in the month of […]

The IRS could file a tax lien against you if you owe federal back taxes One of the best reasons to file late taxes is to avoid the sort of penalties the IRS can hand out to those who owe unpaid taxes for a given year and haven’t yet filed a tax return. One of […]

If you requested an extension, start preparing your return now. For all of you who requested a file extension for income taxes, the deadline to file your taxes electronically is just around the bend. Make sure to file by October 17 in order to avoid penalties and reap all the benefits of filing an online […]

Two late 2009 tax filers wondering about the stimulus package. Nick and Paige first met at a party in the spring of 2009. Nick nursed a lukewarm beer in a corner; Paige wore a varsity sweat blazer in nebulous navy and did her best to look bereft of emotions. It would turn out to be […]

Here are some important changes you should keep in mind prior to filing your taxes this year. First, the due date to file your Form 1040 is April 18 instead of the customary 15th deadline. This is due to the Emancipation Day holiday observed in Washington DC falling on the 15th this year. The April […]

October 15th marks the IRS tax deadline for E-filing tax returns. The trend for E-filing tax returns has swept the US due to the convenience of not having to file paperwork and receiving your tax refund faster. You will still be able to mail in your 2009 tax return after this October 15th E-File deadline; […]

An important deadline is coming up on April 15, 2010. This applies to people who have not yet filed their 2006 tax returns, and who might be eligible for a refund from the IRS. As per IRS regulations, any refund owed by the IRS for tax year 2006 must be claimed by filing a 2006 […]

January 11, 2010 Report tips of $20 or more to employer. Form 4070 January 15, 2010 First day to E-File your 2009 Individual Tax Return. Individuals: Pay the final installment of your 2009 estimated tax. Use Form 1040-ES. January 17, 2010 First set of IRS acknowledgments arrive for 2009 Indivual Tax Returns. February 10, 2010 […]

October 15th marks the IRS tax deadline for filers with an extension on their 2008 tax returns. One more time in 2009, taxpayers who haven’t filed will crowd the post office lines to mail in their return. Although the tax extension deadline does not seem to carry as much weight as the deadline in April, […]

If you owe back tax, use this simple guide to file fast Is a recession the best time to file back taxes? Many tax experts claim that it is! Right now, people who owe back tax also owe other creditors, and knowing which ones to pay first is hard. The good news? The IRS is […]