Author Archives: Stephen Ohlemacher
Here’s more fallout from the government’s partial shutdown: Early tax filers will have to wait an extra week or two to get tax refunds next year. The Internal Revenue Service said Tuesday, October 22, it will delay the start of next year’s filing season by up to two weeks to give programmers time to finish updating the agency’s computers. Read More
The Internal Revenue Service is making it easier for some “innocent spouses” to escape responsibility for the tax debt of their husband or wife. Read More
The massive new tax bill signed into law by President Barack Obama is filled with all kinds of holiday stocking stuffers for businesses: tax breaks for producing TV shows, grants for putting up windmills, rum subsidies for Puerto Rico and the Virgin Islands.
There is even a tax break for people who buy race horses.
Millions of homeowners, however, might feel like they got a lump of coal. Homeowners who don’t itemize their deductions will lose a tax break for paying local property taxes.
The business tax breaks are part of sweeping legislation that extends… Read More
Tax Day is a dreaded deadline for millions, but for nearly half of U.S. households it’s simply somebody else’s problem.
About 47 percent will pay no federal income taxes at all for 2009. Either their incomes were too low, or they qualified for enough credits, deductions and exemptions to eliminate their liability. That’s according to projections by the Tax Policy Center, a Washington research organization. . . . read more Read More
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.