The IRS has announced further tax relief for victims of Hurricane Katrina due to slow clean up efforts and obviously devastated areas. The IRS is giving relief to both businesses and individual taxpayers in certain areas that have been absolutely wiped out. Instead of being required to file in March or April, depending on whether the payer is a business…
Tag: Irs
Various Ford And Mercury Hybrids Get Tax Credit Certification From Irs
Starting in 2006, individuals buying hybrid cars will get a tax credit instead of a tax deduction. The IRS has just started to kick out the exact amounts you can claim for your new hybrid. Various Ford and Mercury Hybrids Get Tax Credit Certification From IRS Under the Energy Policy Act of 2005, the tax benefits of owning a hybrid…
Your Appeal Rights When Fighting The Irs
Are you in the middle of a disagreement with the IRS? One of the guaranteed rights for all taxpayers is the right to appeal. If you disagree with the IRS about the amount of your tax liability or about proposed collection actions, you have the right to ask the IRS Appeals Office to review your case. During their contact with…
The Irs Levy And Legal Powers Of Garnishment Defined
IRS garnishment refers to the notice issued by the IRS department to withhold all or some part of the money to the court or to the person who has won the lawsuit to claim the money. The IRS garnishment is limited by law according to which only up to 25% of the disposable earning of a particular period can be…
Checking The Status Of Your Tax Refund Online
More than a few people are happy to learn they are due a tax refund after filling out their tax returns. If you are one of these people, here is how to check the status of your refund online. Checking The Status of Your Tax Refund Online Before getting into checking your refund status, I feel obligated to mention a…
Stupidest Tax Mistakes To Avoid This Time Around
As the season to fill tax returns and forms approaches people get confused and nervy. The IRS dons the role of a huge brooding monster that is all set to devour you. Unfortunately most of us keep postponing filing of papers and putting our affairs in order until the very last minute and then confusion and stress reign supreme. The…
Tax Rules Benefits For The Self Employed
Who hasn’t dreamed of quitting their day job, starting their own company, and living happily ever after? Abrasive bosses and questionable decisions can make a normal nine to five job grow stale pretty fast. Today, more people than ever are enjoying the freedom that comes with starting a small business and being their own boss, but what about the taxes?…
Tax Season Time For Scams
As tax season draws irresistibly closer, the scam artists are polishing their latest techniques. This article should help you keep an eye out for these nasty individuals. Tax Season – Time for Scams In a particularly cheeky move, scam artists have started posing in on form or another as the IRS in an effort to get you to turn over…
Let Your Tax Attorney Answer When The Irs Comes Calling
The beginning thought of T.S Eliot’s masterwork “The Wasteland” states that “April is the cruelest month,” and while his poem deals with themes far more universal than tax time in the US, millions of American taxpayers can only nod their heads in agreement at its opening words. But those taxpayers for whom April has added insult to injury in the…
Dear John Letters From The Irs
Undoubtedly, you are aware of Dear John letters. Often a young lady sent them to men in the military, often containing bad news. Well, the IRS sends them to taxpayers as well. Dear John Letters From The IRS The Internal Revenue Service sends out millions of Dear John letters to taxpayers every year. Instead of informing you of a break…