Topic: Social Security

IRS gives Tax Information for Students Who Take a Summer Job

May 25, 2014 |

Washington, D.C. – Many students take a job in the summer after school lets out. If it’s your first job it gives you a chance to learn about the working world.

That includes taxes we pay to support the place where we live, our state and our nation.

Here are eight things that students who take a summer job should know about taxes.

«Read the rest of this article»

IRS reminds tax exempt organizations to file by May 15th

May 14, 2014 |

Nashville, Tn - The IRS has a few important reminders as the May 15 filing deadline for many tax-exempt organizations fast approaches.

Make sure you file Form 990 if you are required to file. Filing the form is very important for many groups who are at risk of losing their tax exemption.

Do not include Social Security numbers on Form 990 when you file the form. The IRS also cautions not to include personally identifiable information. Including unnecessary SSNs or other unrequested personal information could lead to identity theft.

«Read the rest of this article»

Clarksville’s New Providence Community Policing Center to hold Job Fair Friday, November 15th

November 14, 2013 |

Clarksville, TN – On Friday, November 15th, 2013, from 10:00am to 1:00pm, the New Providence Community Policing Center (NPCPC) is hosting a Job Fair. There are multiple employers that will be attending this event.

Bring your résumé, photo ID, and Social Security card or birth certificate. Dress for success. Be prepared to complete job applications and to interview.

Job Fair at New Providence Community Policing Center Friday.

«Read the rest of this article»

IRS says Protect Yourself from the Dirty Dozen Tax Scams

March 31, 2013 |

Washington, D.C. – The IRS’s annual ‘Dirty Dozen’ list includes common tax scams that often peak during the tax filing season. The IRS recommends that taxpayers be aware so they can protect themselves against claims that sound too good to be true.

Taxpayers who buy into illegal tax scams can end up facing significant penalties and interest and even criminal prosecution. «Read the rest of this article»

Understanding “Sequestration”

By Frazier Allen | February 28, 2013 |

Clarksville, TN – If you like political drama, you’re in luck. It seems like just yesterday the news was filled with references to the fiscal cliff. Now, coming to theaters everywhere, is “sequestration.” Look for more political confrontation to unfold as sequestration gets under way.

What exactly is sequestration?

“Sequestration” refers to a series of automatic, across-the-board spending cuts to federal government agencies that are scheduled to take place in fiscal years 2013 through 2021. «Read the rest of this article»

Clarksville Montgomery County School System to kickoff Pre-Kindergarten Applications in March

January 25, 2013 |

Montgomery County, TN – The Clarksville Montgomery School System will begin taking applications for the 2013-14 CMCSS Voluntary Pre-Kindergarten starting in March.

The applications will be taken on the following dates and school sites from 4:00pm–6:00pm. «Read the rest of this article»

Child and Dependent Care Costs May Qualify for Tax Credit

January 20, 2013 |

Washington, D.C. – If you paid someone to care for your child, spouse, or dependent last year, you may qualify to claim the Child and Dependent Care Credit when you file your federal income tax return.

Below are 10 things the IRS wants you to know about claiming the credit for child and dependent care expenses. «Read the rest of this article»

Stocks up for 2012, continue to climb after Fiscal Cliff deal

By Frazier Allen | January 7, 2013 |

Clarksville, TN – The three major stock indices finished up for 2012 and continued to climb in the new year as Congress passed a last-minute plan to avoid most of the so-called “fiscal cliff.”

The Congressional Budget Office estimates these measures will add $4 trillion to the deficit over the next 10 years, while raising $620 billion in revenue through a series of tax increases on wealthier Americans.

The 2011 temporary cut to Social Security payroll taxes was not extended, increasing them from 4.2% to 6.2% effective immediately. The 2 percentage point increase means everyone will take home less each paycheck, which could impact consumer spending growth over the near term, according to Raymond James Chief Economist Scott J. Brown, Ph.D. «Read the rest of this article»

The United States of Welfare

By Mat Lasater | January 5, 2013 |

Recently, I saw a graphic on Facebook depicting certain states in the USA where there were more people on welfare than working in that state. A couple of days later, I read a post that a friend shared on Facebook, again, about welfare.

I was not surprised at the post, rather, reminded that sometimes it takes a couple nudges for us to see what we’re really seeing. The post was from Mike Huckabee, a former preacher and presidential candidate. «Read the rest of this article»

No Easy Answers as Fiscal Cliff Looms

By Frazier Allen | September 29, 2012 |

Tax increases and automatic spending cuts that take effect in 2013 will increase government revenue and significantly cut the budget deficit. However, that comes at the cost of economic conditions “that will probably be considered a recession.”

That’s the conclusion reached by the nonpartisan Congressional Budget Office (CBO) in a recent report. The report also documents some of the factors and conditions that make addressing the situation so contentious. (Source: Congressional Budget Office , An Update to the Budget and Economic Outlook: Fiscal Years 2012 to 2022, August 2012.) «Read the rest of this article»

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