News / IRS

Why I hate income tax refunds. That big, fat tax refund really means you've given the government an interest-free loan. It's far better to keep the money you earned in the first place.

Source: money.msn.com - Dec 27, 2011

Refunds: They're wrong! It's hard to get that through to my clients. But refunds are bad. Sure, it's exciting to get a check from the Internal Revenue Service. Well, actually, it's from the... Read more >

Category: IRS

Plan Now to Get Full Benefit of Saver’s Credit; Tax Credit Helps Low- and Moderate-Income Workers Save for Retirement

Source: irs.gov - Dec 27, 2011

IR-2011-121, Dec. 16, 2011 WASHINGTON — Low- and moderate-income workers can take steps now to save for retirement and earn a special tax credit in 2011 and the years ahead, according to the... Read more >

Category: IRS

Payroll Tax Cut Temporarily Extended into 2012

Source: irs.gov - Dec 27, 2011

IR-2011-124, Dec. 23, 2011 WASHINGTON — Nearly 160 million workers will benefit from the extension of the reduced payroll tax rate that has been in effect for 2011. The Temporary Payroll Tax Cut... Read more >

Category: IRS

Year-end tax planning

Source: budgeting-investing.ameriprise.com - Dec 15, 2011

By Ameriprise Financial Although tax planning is a year-round process, the last few months of the tax year present a unique opportunity to estimate your tax situation while you still have time to... Read more >

Category: IRS

Understanding personal tax credits

Source: budgeting-investing.ameriprise.com - Dec 15, 2011

By Ameriprise Financial By claiming personal tax credits on your federal income tax return, you may be able to significantly reduce your tax liability. Here's a look at some of the federal tax... Read more >

Category: IRS

7 ways to save on taxes before Dec. 31

Source: articles.sun-sentinel.com - Dec 15, 2011

December 13, 2011|By Donna Gehrke-White, Sun Sentinel Uncle Sam may provide you with a holiday treat — tax savings that can amount up to thousands of dollars — if you act before Dec. 31. The... Read more >

Category: IRS

Ten Tax Moves to Make Before the End of the Year

Source: foxbusiness.com - Dec 13, 2011

Written by Kay Bell Published November 30, 2011 Bankrate.com The year is winding down, and before long you'll find yourself caught up in holiday festivities. But before you start having too... Read more >

Category: IRS

Make Your Year-End Tax Savings List Now

Source: prnewswire.com - Dec 13, 2011

CHICAGO, Dec. 9, 2011 /PRNewswire-USNewswire/ It's the season for making a list and checking it twice, but a holiday to-do list isn't the only one you should be working on before the year ends. Be... Read more >

Category: IRS

A new way to save tax-free

Source: money.cnn.com - Dec 13, 2011

By Janice Revell, contributor May 16, 2011: 12:33 PM ET FORTUNE -- Amid all the rancor in Washington over how to rein in the federal deficit, one thing seems inevitable: If you're a six-figure... Read more >

Category: IRS

Money: How to Save Money on Your Taxes: What Only A Tax Advisor Knows

Source: aymag.com - Dec 13, 2011

By: Carla Spainhour As Americans, we are all familiar with paying taxes whether it is income tax, sales tax, real property tax, personal property tax, gift tax or estate tax. One thing is certain,... Read more >

Category: IRS

How to Save on 2011 Business Taxes Using Depreciation, Deductions, Credits, Write-Offs and Timing to Cut Taxes

Source: biztaxlaw.about.com - Dec 13, 2011

By Jean Murray, About.com Guide It's the end of the 2011 tax year, but there is still time to take action on your company's financial position so you can save on business taxes. Print out this... Read more >

Category: IRS

Ways To Save Money On Your 2011 Tax Return

Source: pittsburgh.cbslocal.com - Dec 13, 2011

By: Jon Delano December 12, 2011 5:30 PM PITTSBURGH (KDKA) – The tax year ends in less than three weeks and that means taxpayers looking to save money on their 2011 tax returns need to take... Read more >

Category: IRS

'Temporary' tax cuts plentiful, and often long-term

Source: usatoday.com - Dec 8, 2011

By Alex Wong, Getty Images WASHINGTON – President Obama wants to extend this year's payroll tax cut for another year. But if history is any guide, it could be on its way to becoming a permanent... Read more >

Category: IRS

Why Your Tax Bill Might Surge Next Year

Source: finance.yahoo.com - Dec 1, 2011

By Bob Jennings | Fox Business – Wed, Nov 9, 2011 3:00 AM EST In a recent tax planning meeting with one of our clients, we shocked them with what their income tax future looked like for 2013 if... Read more >

Category: IRS

IRS: $153 million in tax refunds still undelivered

Source: money.cnn.com - Dec 1, 2011

By Blake Ellis @CNNMoney November 30, 2011: 2:25 PM ET NEW YORK (CNNMoney) -- The Internal Revenue Service is holding onto tens of millions of dollars in tax refunds that it hasn't been able to... Read more >

Category: IRS