Archive for February, 2011

24
Feb
11

I Survived an IRS Tax Audit

Terror.

amy_haimerl-jc.jpg
©John R. Coughlin/CNNMoney
CNNMoney personal finance editor Amy Haimerl.

About 1.6 million people found themselves in this situation last year, according to the IRS. That means 1.1% of all filers drew the short end of the stick — and about 300,000 of them were selected because of deductions related to a business venture

20
Feb
11

Snyder Q&A: ‘This is a tax cut’

The Detroit News

Gov. Rick Snyder visited with The Detroit News early today for a discussion of his proposed 2012 state budget. Here’s a transcript of the interview.

15
Feb
11

“Appliance Credit”, a rebate, not a tax form

Rebates for ENERGY STAR® Appliances

You may be eligible to receive rebates from your state or territory for the purchase of new ENERGY STAR qualified Thumbnail image of the map showing approved State Energy Efficient Appliance Rebate Programs.appliances. These rebates are being funded with $300 million from the American Recovery and Reinvestment Act of 2009. Under this program, eligible consumers can receive rebates to purchase new energy-efficient appliances when they replace used appliances.   more more yet

14
Feb
11

Taxes: It’s Good to Be Average

Taxpayers who stand out tend to draw the attention of Internal Revenue Service auditors. Claim too much in interest, health expenses or charitable deductions, and it’s like waving that proverbial red flag in front of the tax man. more

04
Feb
11

For itemizers, IRS has set a tax-filing date of Feb. 14

Taxpayers search through a sea of tax forms offered to the public as tax season kicks off.

Taxpayers who claim itemized deductions will be able to file their federal tax returns starting Feb. 14, the IRS said Thursday.

While the tax-filing season began on Jan. 4, the IRS announced last year that taxpayers who itemize — which includes just about everyone who has a mortgage — would have to wait until at least mid-February to file.

The IRS said the delay was necessary because it needed more time to program its systems to accommodate tax breaks included in the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010.




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