News

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

Tax bracket vs. tax rate: They're two different things

Source: thenewsstar.com - Jan 22, 2012

By Sandra Block, USA TODAY Ask most Americans how much they pay in taxes, and they'll probably refer to their tax bracket, a series of rates that ranges from 10% to 35%. By that measure, Mitt... Read more >

Category: IRS

National Taxpayer Advocate Delivers Annual Report to Congress; Focuses on IRS Funding and Taxpayer Rights

Source: irs.gov - Jan 22, 2012

IRS Newswire January 11, 2012 WASHINGTON — National Taxpayer Advocate Nina E. Olson today released her annual report to Congress, identifying the combination of the IRS’s expanding workload... Read more >

Category: IRS

Saints seem destined for loss in tax credit scam

Source: katc.com - Jan 16, 2012

NEW ORLEANS (AP) - Unlike this season's winning on the football field, current and former members of the New Orleans Saints who bought nonexistent tax credits from a defunct movie studio are likely... Read more >

Category: Louisiana

Louisiana Offering Tax Refunds on Chase Debit Cards

Source: katc.com - Jan 16, 2012

The Louisiana Department of Revenue is now offering tax refunds in the form of a debit card. In the past, individuals had two options for returns: check or direct deposit. This year, taxpayers who... Read more >

Category: Louisiana

IRS Offshore Programs Produce $4.4 Billion To Date for Nation’s Taxpayers; Offshore Voluntary Disclosure Program Reopens

Source: irs.gov - Jan 16, 2012

IR-2012-5, Jan. 9, 2012 WASHINGTON — The Internal Revenue Service today reopened the offshore voluntary disclosure program to help people hiding offshore accounts get current with their taxes... Read more >

Category: IRS

New Orleans property tax bills will hit mailboxes soon

Source: nola.com - Jan 12, 2012

When the Orleans Parish School Board last week declined to reconsider its decision not to "roll forward" all of its property tax millages, New Orleans real estate tax bills for 2012 were finally... Read more >

Category: Louisiana

IRS Releases New Tax Gap Estimates; Compliance Rates Remain Statistically Unchanged From Previous Study

Source: irs.gov - Jan 9, 2012

R-2012-4, Jan. 6, 2012 WASHINGTON — The Internal Revenue Service today released a new set of tax gap estimates for tax year 2006. The tax gap is defined as the amount of tax liability faced by... Read more >

Category: IRS

Congress Ready To Act On Online Sales Tax

Source: financialedge.investopedia.com - Jan 9, 2012

Posted: January 6, 2012 11:16AM by Brian O'Connell Will small businesses face significant harm if Congress goes through with the Marketplace Freedom Act? The act gives states the authority to... Read more >

Category: General Business