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Linus Pauling Categories
Tag Archives: IRS
Taking standard deduction may mean paying more
To itemize or not to itemize?
Debating the answer to that question can stall the best intentions to get a tax return filed before the April 15.
Taxpayers have two choices: take the standard deduction or itemize deductions such as mortgage interest, charitable donations and job-related spending.
Internal Revenue Service statistics show that only about 35 percent of tax returns include itemized deductions. That means it’s likely many are missing out on tax savings they’d get if they claimed all . . . read more Read More
Tips for choosing a tax preparer
If you decide to hire a professional to help prepare your taxes, it’s important to remember that you are still ultimately responsible for what’s on your return.
Here are some tips to remember before you hire someone to assist with your taxes . . . read more Read More
IRS: Online tax filers can get refunds in 10 days
Want a quick tax refund? File your federal return online and have the refund deposited directly into your bank account.
The Internal Revenue Service launched its online filing system Friday with a promise that people who do their taxes electronically will get refunds in as few as 10 days.
For those who file paper returns, refunds are expected to take four weeks to six weeks, said David R. Williams, the agency’s director of electronic tax administration . . . read more Read More
Rethinking: Banks, Bailouts, and Taxes
Since the latter part of 2007, the financial world has been in one of the worst crises of the last half century. Just a cursory look at news headlines around the world reveals a telling and stress-inducing story.
With these articles, the spotlight remains squarely on financial institutions as we are continually reminded of failing and nearly failing banks needing “bailouts”. Unfortunately, we are too often only exposed to part of the story. Read More
