News

On Earned Income Tax Credit Awareness Day, IRS and Partners Launch Outreach Campaign to Low- and Moderate-Income Workers

Source: irs.gov - Feb 8, 2012

IR-2012-11, Jan. 27, 2012 WASHINGTON — The Internal Revenue Service and community partners nationwide today launched their annual outreach campaign aimed at helping millions of Americans who... Read more >

Category: IRS

IRS tax fraud crackdown targets identity thieves

Source: usatoday.com - Feb 8, 2012

By Kevin McCoy, USA TODAYUpdated 1/31/2012 2:51 PM Dozens of suspected identity thieves and others pursuing fraudulent tax refunds have been arrested in a nationwide crackdown aimed at reversing a... Read more >

Category: General Business

When to File Gift Tax Forms--Steps to take if you think gifts, payments or transfers to family members may run afoul of federal gift tax rules.

Source: smartmoney.com - Feb 6, 2012

Generally speaking you only need to file a gift tax form when you exceed the annual $13,000 tax-free gift limit. But it's also prudent to send in that Form 709 every time you make a transaction... Read more >

Category: IRS

MAYOR LANDRIEU LAUNCHES CONTRACTOR’S COLLEGE OF NEW ORLEANS

Source: nola.gov - Feb 5, 2012

01/30/12 NEW ORLEANS, LA—Today, Mayor Mitch Landrieu announced the launch of Contractor's College of New Orleans, an innovative training and capacity building program designed to help small,... Read more >

Category: General Business

Big medical bills may add up to tax breaks

Source: shreveporttimes.com - Feb 5, 2012

Taxpayers swamped by big medical bills in 2011 can get some relief when they file their income tax forms this spring thanks to an overlooked deduction that is hard to reach in a typical year. The... Read more >

Category: IRS

School expenses eligible for Louisiana state income tax deductions

Source: revenue.louisiana.gov - Feb 5, 2012

January 31, 2012 BATON ROUGE – Education expenses paid during the 2011 tax year may be eligible for Louisiana state income tax deductions. The Louisiana School Tuition and Expense Tax Deductions... Read more >

Category: Louisiana

Gov. Jindal Proposes New Business Tax Breaks Lawmakers To Consider Bills During Regular Session

Source: wdsu.com - Feb 4, 2012

BATON ROUGE, La. -- Gov. Bobby Jindal is proposing to expand business incentive programs in a bid to attract new industry and corporate headquarters to Louisiana. Among the proposals are a... Read more >

Category: Louisiana

When Can I Expect My Refund?

Source: irs.gov - Feb 3, 2012

The Internal Revenue Service reminds taxpayers to keep in mind that many variables can affect the speed of a tax refund. Using e-file with direct deposit remains the fastest option for taxpayers.... Read more >

Category: IRS

How to save $5,000 in 2012--Take a look at where your money goes now; some strategies that can add up to major cash are painless -- or nearly so.

Source: money.msn.com - Feb 1, 2012

Saving $5,000 may seem like a tall order. But when you review your finances piece by piece, you may be surprised by how fast things add up. This year, why not make a New Year's resolution to meet... Read more >

Category: General Business

Tax credit missed by some needing it most

Source: dispatch.com - Jan 31, 2012

By Rita Price The Columbus Dispatch Sunday January 29, 2012 6:16 AM Thousands of families miss out on hefty Internal Revenue Service refunds every year because they don’t claim the Earned... Read more >

Category: General Business

How The New IRS Form 1099K Impacts Your Tax Return

Source: auctionbytes.com - Jan 31, 2012

By Barbara Weltman EcommerceBytes.com January 02, 2012 This year, companies that process credit and debit cards as well as third-party network payments such as PayPal, Amazon.com and Google... Read more >

Category: IRS

BBB: Watch out for tax preparation scams

Source: tucsonsentinel.com - Jan 31, 2012

Posted Jan 30, 2012, 12:30 pm Nick LaFleur Better Business Bureau Consumers expecting a tax refund might be looking forward to filing their taxes early this year, but the Better Business Bureau... Read more >

Category: IRS

Income Up, But More Americans Keep Wallets Closed

Source: wdsu.com - Jan 31, 2012

Holiday Spending Weak Chris Isidore POSTED: 7:43 am CST January 30, 2012 UPDATED: 9:01 am CST January 30, 2012 Email Print 0 comments NEW YORK (CNNMoney) -- Consumers got a bigger... Read more >

Category: General Business

Old tax returns can be ordered up

Source: nola.com - Jan 31, 2012

Published: Sunday, January 29, 2012, 5:58 AM By The Times-Picayune I need to track down a copy of my 2001 tax return. Do you know how I can get a copy of it? You can order a transcript of... Read more >

Category: IRS

Texas Drillers Get Big Tax Breaks

Source: stateimpact.npr.org - Jan 22, 2012

January 9, 2012 | 7:00 AM By Dave Fehling The Texas Comptroller’s office is adding auditors to increase scrutiny of tax breaks claimed by drilling operations. “We are currently... Read more >

Category: Other States