Wednesday, May 15, 2013
The agency apologized last week for automatically sending Tea Party and similar groups through multiple hoops before the 2012 election.
President Obama this week said efforts by IRS employees to target new conservative groups for extra scrutiny were "outrageous," echoing many administration critics who charged that the measures were politically motivated. "I have got no patience with it, I will not tolerate it, and we will make sure that we find out exactly what happened on this," Obama said in a news conference Monday. The Wall Street Journal reported that an Inspector General's report concludes there was widespread targeting of conservative-linked groups for aggressive questioning, but that no one outside the IRS was involved in establishing the practice. (The report was released Tuesday.) Former IRS Commissioner Douglas Shulman, an appointee of President George W. …
Friday, April 12, 2013
The Internal Revenue Service says taxpayers who need more time to file don't need to panic.
Peachtree Corners residents: Can't file your tax returns by the Monday, April 15 deadline? Extensions are available. Those who haven't finished completing their returns can get an automatic six-month extension. The fastest and easiest way to get the extra time, the IRS says, is through this Free File link — use the free service to electronically request an automatic tax-filing extension on Form 4868. Filing this form gives taxpayers until Oct. 15 to file a return and allows individuals to avoid a late-filing penalty. To get the extension, you must estimate your tax liability and also pay any amount due. And if you cannot pay the full amount you owe the government, click here to find out about setting up payments. Related articles: …
Thursday, April 11, 2013
Would you be comfortable having the IRS as a Facebook friend? Or maybe even a friend of a friend?
As procrastinators rush to file their tax returns before Monday's deadline, reports surfaced that the Internal Revenue Service could use social media sites, such as Facebook and Twitter, to check up on tax cheats. Mediabistro.com shared a report that the IRS will be checking into individual Facebook and Twitter accounts for improprieties. The report does say that, according to the IRS, it would only be in cases where a tax form raises a red flag. It is not clear, though, just how far into social media sites the agency intends to go. However, it might not be a good idea to display your Caribbean vacation photographs on your Facebook page if you've reported a big loss on your tax return. Social media sites have already contributed to the …
Monday, March 25, 2013
Plus some highlights of 2013 tax changes and what to expect when filing next year.
If you're not comfortable using TurboTax and TaxAct.com to file your taxes online, use the Peachtree Corners Patch Directory to find local tax professionals who can help you out. But call soon for an appointment because the deadline is approaching fast. There are 18 Peachtree Corners tax preparations services listed in the directory. Click here to access the list. Addresses and phone numbers are included. Tax Changes for 2013 Tax Year When you file your 2012 taxes, you might want to start planning for these tax changes that will affect your 2013 filings. Here are some highlights of what's different: For more background on 2013 tax changes, check out this list from Business 2 Community. Do you have a local tax professional you'd recommend…
Monday, February 18, 2013
The IRS says it's getting high traffic on its online “Where's My Refund?” tool.
Monday, February 18
The deadline to file 2012 income tax returns isn't until April 15, but taxpayers appear to be filing early and are already asking the IRS, "Where's my refund?" “Due to the large number of inquiries and to avoid service disruptions, the IRS strongly urges taxpayers to only check on their refunds once a day,” the IRS said, according to a report by Accounting Today. “IRS systems are only updated once a day, usually overnight, and the same information is available whether on the Internet, IRS2go smartphone app or on IRS toll-free lines. While 'Where's My Refund?' is updated nightly, your account will not change that frequently.” According to the report, nine out of 10 taxpayers typically receive refunds in fewer than 21 days when they use e-…
Tuesday, February 5, 2013
Read tips on how to protect yourself.
DailyFinance.com calls tax identity fraud a "specialized and sophisticated form of theft." According to a post on the site, thieves are stealing year-end statements, W-2s and other income information to file returns on victims' behalf. The report says that during the 2011 tax processing year, roughly 940,000 tax returns were filed fraudulently, and this year, that number will likely increase to 1 million. How do you protect yourself? First, shred any paperwork you don't need for tax preparation. Second, be wary of a slow-running computer or out-of-place pop-ups when filing taxes online. Also, be suspicious of any phone calls or e-mails claiming to be from the IRS, even with the appropriate logos. According to the IRS website: "The IRS …
Monday, February 4, 2013
H&R Block is ready in Peachtree Corners, and has a special offer for filing your federal 1040EZ form - but the offer does not include filing state returns.
It's coming up on income tax season again. And a well-known tax business is ready with a special offer. According to its website, H&R Block will prepare and file your federal income tax return for free through February 15, if you file the 1040 EZ form. The "free" offer carries the following conditions: But there is a charge to file state tax returns, H&R Block will charge $39 to file state tax returns for such filers. The IRS has said it will begin accepting 2012 tax returns on January 30, 2013. The nearest H&R Block office in Peachtree Corners is located at 7050 Jimmy Carter Boulevard, Suite G, Telephone: 770-441-2774. Read also: What is the Earliest Date I Can File My 2012 Tax Return? IRS Announces New Tax Rates and Deduction Schedule …
Monday, January 14, 2013
Attention early Peachtree Corners filers: The IRS has announced a delayed start to the 2012 tax filing season.
You'll have to wait a bit if you are used to filing your annual tax return at the earliest possible date. The Internal Revenue Service has revised its opening date for tax season -- pushing it eight days to Jan. 30, 2013. The tax filing deadline is Monday, April 15. The IRS will begin accepting tax returns on January 30, 2013. Most taxpayers should be able to file on that date though some revised forms may not be immediately available. You can blame the delay on the federal "fiscal cliff" crisis and the new tax bill Congress passed just after Dec. 31. You can find more information in this Forbes article. Electronic filing season was originally set to start on Jan. 22 this year. As a result of the delay, nobody will get a refund in January…
Sunday, January 13, 2013
It's tax time again in Peachtree Corners and elsewhere. Standard deductions will increase, but the ceiling for itemized deductions decrease in 2013, plus other changes that will affect your taxes this year.
Sunday, January 13
The Internal Revenue Service announced Friday the annual inflation adjustments for tax year 2013, including the tax rate schedules, and other tax changes from the recently passed American Taxpayer Relief Act of 2012. The tax items for 2013 of greatest interest to most taxpayers include the following changes: Source: Internal Revenue Service If you have tax questions and need an expert, use the Peachtree Corners Patch directory to locate a CPA or Tax Service near you. Keep up with all of the Peachtree Corners news, sign up for the free Peachtree Corners Patch newsletter. And check us out on Facebook and Twitter.
Tuesday, April 17, 2012
Tuesday is the very last chance to get tax returns in the mail without incurring penalties, but the US Postal Service is stepping up to help with Tax Night 2012.
Tuesday, April 17, 2012
Because April 15 fell on a Sunday, and Emancipation Day - a legal holiday in Washington D.C. - was observed Monday, it gave us two extra days to file our tax return. In addition, the US Postal Services is pulling out the stops to help filers who wait until the very last minute, which is midnight, Tuesday, April 17. Two post offices in the Atlanta area will be open until midnight today. Post Offices open until midnight: Other post offices will operate their regular hours, some of which do remain open until 6 or 7 p.m. In a press release, the Atlanta district manager, Sal Vacca, recommended that filers visit the post offices early in the day to avoid last minute long lines. He also suggested handing the returns to collection employees …