IRS has answers to Questions People are Asking About Economic Stimulus Payments
As many Michiganians begin receiving their economic stimulus payments, the Internal Revenue Service released a list of the most-frequently-asked questions –– and answers –– that people now are asking... More
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Techy Tax-deadline Tools From The IRS Help Last-second Filers
If you're down to the wire on filing or paying your taxes by the April 15 deadline, the Internal Revenue Service encourages you to tap these 10 “techy” tools available at www.IRS.gov, among all the information at the website's "1040 Central... More
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IRS Has $42.5 Million for Michiganians Who Have Not Filed a 2004 Tax Return
Unclaimed refunds totaling approximately $42.5 million are awaiting over 47 thousand people in Michigan who failed to file a federal income tax return for 2004, the Internal Revenue Service announced today. However, to collect the money, a return for 2004 must be filed with an IRS office no later than Tuesday, April 15, 2008... More
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IRS Announces Economic Stimulus Payment Schedule, Introduces New Online Payment
The Internal Revenue Service announced today that it will begin sending more than 130 million economic stimulus payments starting May 2. The initial round of weekly payments will be completed by early July... More
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Phishing Scams, Frivolous Arguments Top the 2008 'Dirty Dozen' Tax Scams
The Internal Revenue Service today issued its 2008 list of the 12 most egregious tax schemes and scams. Topping this year’s list of scams is phishing, which encompasses numerous Internet-based ploys to steal financial information from taxpayers... More
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Stimulus Payment Information to Be Mailed to Social Security, Veterans Recipient
Beginning next week, the Internal Revenue Service will mail special informational packages to more than 595,000 Michiganrecipients of Social Security or Veterans Affairs benefits to help them get their 2008 economic stimulus payment... More
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IRS Debunks Several Myths About 2008 Stimulus Payments
The Internal Revenue Service today moved to set the record straight on several issues surrounding administration of the 2008 Stimulus Payments. Approximately 130 million taxpayers will receive checks of at least $300 beginning in May 2008... More
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Seniors, Veterans, Low-Income Workers, Others Need to Act to Receive Rebate
To get this year’s much-talked-about economic stimulus payments – a.k.a. “rebates” – most taxpayers need to do nothing more than file their tax return. There are no special forms to fill out or special actions to take to receive a stimulus payment. Taxpayers should simply... More
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IRS Will Send Stimulus Payments Automatically Starting in May
The Internal Revenue Service today advised taxpayers that in most cases they will not have to do anything extra this year to get the economic stimulus payments beginning in May... More
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Help Yourself by Filing Past-Due Tax Returns
Most Americans voluntarily file their tax returns and pay their taxes. Many people simply want to pay their fair share. Others file to get a refund or claim a credit. Most certainly do so to avoid breaking the law. There are times when normally law-abiding citizens fail to file... More
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Missing Your form W-2? - IRS Tax Tip 2008-24
Did you get your W-2? These documents are essential to filling out most individual tax returns. You should receive a Form W-2, Wage and Tax Statement, from each of your employers each year. Employers have until... More
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Missing a Form 1099? - IRS Tax Tip 2008-25
If you receive certain types of income, you may get a Form 1099 for use with your federal tax return. Form 1099 is an information return provided by the payer of the income... More
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Guidelines for both IRA Contributions - IRS Tax Tip 2008-26
Although Roth IRAs are popular retirement arrangements, some taxpayers may be confused about whether they can contribute to a Roth IRA. Here are some helpful guidelines... More
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Changes To Tax Laws In 2007 - IRS Tax Tip 2008-27
Taxpayers should be aware of important changes to the tax law before they complete their 2007 federal income tax forms. Here are some changes that may affect your return... More
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Can YOU use Schedule C-EZ?: IRS Tax Tip 2008-28
Want to save time and trouble when filing taxes for your small business? You may be eligible to use the abbreviated Schedule C-EZ instead of the longer Schedule C when reporting business income and expenses on your 2007 Form 1040 federal income tax return... More
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EITC Awareness; Free Tax Help Available
The Internal Revenue Service and scores of community partners statewide today kicked off EITC Awareness Day to promote the refundable tax credit for low-wage workers and options for free tax preparation... More
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IRS Warns of New E-Mail and Telephone Scams Using the IRS Name
The Internal Revenue Service today warned taxpayers to beware of several current e-mail and telephone scams that use the IRS name as a lure. The IRS expects such scams to continue... More
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Use EFTPS To Pay Your Taxes Electronically: IRS Tax Tip 2008-23
If you are going to owe taxes when you file your federal tax return, consider paying through the Electronic Federal Tax Payment System (EFTPS). EFTPS is a fast, easy, convenient and secure service provided free by the U.S. Department of the Treasury... More
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The Earned Income Tax Credit: IRS Tax Tip 2008-22
The EITC is for people who work, but have lower incomes. If you qualify, it could be worth up to $4,700 this year. So you could pay less federal tax or even get a refund. That’s money you can use to make a difference in your life... More
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Check Out Free File: IRS Tax Tip 2008-21
If you have access to a computer and the Internet you may be eligible to prepare and file your 2007 federal tax return electronically—for free. Free File is an easy way to file your taxes and get your refund in half the time... More
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Receive Your Refund Faster With Direct Deposit: IRS Tax Tip 2008-20
Want your refund faster? Have it deposited directly into your bank account. More taxpayers are choosing direct deposit as the way to receive their federal tax refunds... More
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e-file - A smart way to do your taxes: IRS Tax Tip 2008-19
Every year, more taxpayers discover the benefits of filing their tax return electronically. Whether you use a professional tax preparer authorized by the IRS or do it yourself from a home computer, there are many reasons to consider e-filing your tax return this year... More
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IRS Offers 2007 Tax Tips For Mortgage Debt Relief
As tax season begins the IRS is offering two important tax tips for Michigan homeowners. First, money paid during 2007 for qualified mortgage insurance can count as home mortgage interest. Private mortgage insurance... More
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Quick And Easy Access To IRS Forms and Publications IRS Tax Tip 2008-14
The Internal Revenue Service has many forms and free publications on a wide variety of topics to help you understand and meet tax filing requirements. If you need IRS materials try one of these easy options... More
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Gift Taxes IRS Tax Tip 2008-15
If you gave any one person gifts in 2007 that are valued at more than $12,000, you must report the total gifts to the Internal Revenue Service and may have to pay tax on the gifts. The person who receives your gift does not have to... More
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Moving Soon? Let the IRS Know: IRS Tax Tip 2008-16
If you changed your home or business address, notify the IRS to ensure that you receive any refunds or correspondence. While the IRS uses the Postal Service’s change of address files to update taxpayer addresses, notifying the IRS directly is still a good idea... More
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Tips for Recently Married or Divorced Taxpayers: IRS Tax Tip 2008-17
Newlyweds and the recently divorced should ensure the name on their tax return matches the name registered with the Social Security Administration (SSA). A mismatch could unexpectedly delay a tax refund... More
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What To Do If You Haven't Filed Your 2006 Return: IRS Tax Tip 2008-18
The failure to file a federal tax return can be costly — whether you end up owing more or missing out on a refund.
There are several reasons taxpayers don’t file their taxes... More
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Choose The Simplest Federal Tax From For Your Needs IRS Tax Tip 2008-05
The three forms used for filing individual federal income tax returns are Form 1040EZ, Form 1040A and Form 1040. If you are filing a federal income tax return on paper, use the simplest form you can. Using the simplest allowable form will reduce thechance of an error that may cost you money or delay the processing of your return... More
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Sould you Itemize? IRS Tax Tip 2008-06
Whether to itemize deductions on your tax return depends on how much you spent on certain expenses last year. Money paid for medical care, mortgage interest, taxes, charitable contributions, casualty losses and miscellaneous deductions can reduce your taxes. If the total amount spent on those categories is more than the standard deduction, you can usually benefit by itemizing... More
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Advice For Choosing A Tax Preparer IRS Tax Tip 2008-07
Taxpayers who pay someone to do their taxes should choose a preparer wisely. If you choose to use a paid tax preparer, it is important that you find a qualified tax professional. Taxpayers are ultimately responsible for everything on their return even when it’s prepared by someone else... More
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Will The AMT Delay Your Refund? IRS Tax Tip 2008-04
This year, some early filers may have to wait a few extra weeks for their refunds. The delay is due to the Alternative Minimum Tax (AMT) legislation enacted in December... More
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Keeping Good Records IRS Tax Tip 2008-08
You can avoid headaches at tax time by keeping track of your receipts and other records throughout the year. Good recordkeeping will help you remember the various transactions you made during the year, which in turn may make filing your return a less taxing experience... More
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IRS Has Free Publications On Every Topic You Need IRS Tax Tip 2008-10
The IRS has free publications to answer just about any tax question you have. Publications on a variety of tax-related topics are available by phone or the Internet at IRS.gov. From students to seniors, first-time home buyers to landlords…everyone can find useful information in IRS forms and publications... More
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IRS Publication 17 Now Easier To Navigate Online IRS Tax Tip 2008- 11
Are you facing a lot of different tax questions this year? IRS experts have pulled together an overview of common tax issues in one convenient place — Publication 17, Your Federal Income Tax. This updated publication, available on the IRSWeb site, IRS.gov, contains a vast array of helpful information for individual taxpayers... More
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Tax Information In Spanish: Informacion Tributaria En Espanol Tax Tip 2009-12
If you need federal tax information, the IRS provides free Spanish language products and services. Pages on the Internal Revenue Service’s Web site, pre-recorded tax topics, refund information, tax publications and toll-free telephone assistance are all available in the Spanish language... |
