Topic: U.S. Department of the Treasury

Fort Campbell Welcomes Home 53 Soldiers from the 101st Sustainment Brigade

By Bill Larson | April 7, 2012 |

Returning Soldiers part of the 101st Finance Company

Fort Campbell, KY – Early yesterday morning Fort Campbell and the 101st Airborne Division welcomed home 53 soldiers from the 101st Finance Company part of the 101st Sustainment Brigade after a year long deployment to Afghanistan, in support of Operation Enduring Freedom.

The unit was responsible for handling financial transactions in RC-East and RC-South. “When you talk about the effect of this company it’s pretty staggering. 1.7 Billion dollars this company has either touched or passed back to the Defense Finance and Accounting Services to make sure we are able to pay our financial obligations going forward,” said Col. Michael Peterman the Commander of the 101st Sustainment Brigade.

The returning soldiers of the 101st Finance Company

Sixty-One Additional Community Banks Across the Country Receive $608 Million to Help Small Businesses Access Capital, Create New Jobs

September 16, 2011 |

IRS Begins Notifying Tax Return Preparers on PTIN Renewals

November 2, 2010 |

Washington, DC — The Internal Revenue Services has begun notifying about 1 million tax return preparers to remind them that they must renew their Preparer Tax Identification Numbers (PTIN) if they are still paid preparers. Use of the PTIN will be required on all federal returns prepared by paid tax return preparers starting Jan. 1.

Tax return preparers can register immediately using a new PTIN sign-up system available through www.IRS.gov/taxpros. Preparers will need to create an account, complete the PTIN application and pay a $64.25 fee before getting their PTINs.

«Read the rest of this article»

Housing Scorecard shows continued increase in Home Affordability, neighborhood stabilization, but challenges remain

July 21, 2010 |

July report on nation’s housing market includes new measures of affordability and tracks, for the first time, impact of the $6 billion NSP investment in hardest hit communities

Washington, D.C. — The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury today released the second edition of the Administration’s Housing Scorecard (www.hud.gov/scorecard) showing that, thanks in part to interest rates continuing at all-time lows, home affordability in the U.S. remains near the most attractive levels in 10 years.

In addition, for the first time, the report now tracks the impact of HUD’s Neighborhood Stabilization Program (NSP), which has spurred local investment and is beginning to make affordably-priced homes available to consumers. The Housing Scorecard is the Administration’s comprehensive report on the nation’s housing market. «Read the rest of this article»

IRS Offers Summer Tax Tips

June 14, 2010 |

Nashville, TN – Before you start a summer job, take a vacation, or send the kids off to camp, the Internal Revenue Service wants you to know that certain summertime activities may qualify you for tax breaks, but there are also some tax issues that must be handled correctly now to avoid problems later.

“Knowledge of the rules can help make sure you get all the possible tax benefits from summertime activities,” said IRS spokesman Dan Boone.

Here are some tips from the IRS that may help you lower your taxes and avoid tax problems: «Read the rest of this article»

The IRS offers help for financially distressed taxpayers

January 26, 2010 |

With tax season fast approaching the IRS would like to ensure you have the best information available to make informed decisions on tax matters as you prepare your 2010 income tax returns.

If you are facing financial difficulties and struggling to meet your tax obligations the IRS can help. As the 2010 tax filing season begins, in addition to new credits, deductions and exclusions, the IRS is taking steps to help people who owe back taxes. Here are some areas where IRS can help: «Read the rest of this article»

IRS Forms and Publications: Get ‘em when you need ‘em

January 25, 2010 |

With tax season fast approaching the IRS would like to ensure you have the best information available to make informed decisions on tax matters as you prepare your 2010 income tax returns.

The IRS has free tax forms and publications on a wide variety of topics. If you need IRS forms or information, try one of these easy options:

• Internet: You can access forms and publications on the IRS website 24 hours a day, 7 days a week, at IRS.gov.
• Phone: Call 1-800-TAX-FORM (800-829-3676) to order current year forms, instructions and publications and prior year forms and instructions. You should receive your order within 10 days.
• Locations in your community: During the tax-filing season, many libraries and post offices offer free tax forms to taxpayers. Some libraries also have copies of commonly-requested publications, including the Clarksville-Montgomery County Public Library. Braille materials may also be available. Many large grocery stores, copy centers, and office supply stores have forms you can photocopy or print from a CD.
• Mail: Order your tax forms and publications from the National Distribution Center, P.O. Box 8903, Bloomington, IL, 61702-8903. You should receive your products 10 days after receipt of your order.

More taxpayers may qualify for Earned Income Tax Credit this year

January 24, 2010 |

With tax season fast approaching the IRS would like to ensure you have the best information available to make informed decisions on tax matters as you prepare your 2010 income tax returns.

The EITC is for people who work at least part of the year but have lower incomes. If you qualify, it could be worth up to $5,657 this year. So you could pay less federal tax or even get a refund. That’s money you can use to make a difference in your life.

The IRS anticipates that many who had reduced incomes in 2009 may qualify for the EITC but may not be aware it exists.

Did you know that last year nearly 24 million taxpayers received $49 billion in EITC – making the credit a great investment in the lives of those who claim it? However, the IRS estimates 20 percent to 25 percent of people who qualify for the credit do not claim it. At the same time, there are millions of Americans who have claimed the credit in error, many of whom simply don’t understand the criteria.

It’s easy to determine whether you qualify for the EITC. The EITC Assistant, an interactive tool available on IRS.gov, removes the guesswork from eligibility rules. Just answer a few simple questions about yourself, your children, your living situation and your income to find out if you qualify and to estimate the amount of your EITC. You will see the results of your responses right away. «Read the rest of this article»

Need help with a federal tax problem? Contact Taxpayer Advocate Service

January 23, 2010 |

With tax season fast approaching the IRS would like to ensure you have the best information available to make informed decisions on tax matters as you prepare your 2010 income tax returns.

The Taxpayer Advocate Service is an independent organization within the IRS whose employees assist taxpayers who are experiencing economic harm, who are seeking help in resolving tax problems that have not been resolved through normal IRS channels, or who believe that an IRS system or procedure is not working as it should.

Each state and IRS center has at least one local Taxpayer Advocate who is independent of the local IRS office and reports directly to the National Taxpayer Advocate. The goals of the Taxpayer Advocate Service are to protect individual and business taxpayer rights and to reduce taxpayer burden.

You may be eligible for Taxpayer Advocate Service assistance if: «Read the rest of this article»

Getting a free transcript of my tax return information

January 22, 2010 |

With tax season fast approaching the IRS would like to ensure you have the best information available to make informed decisions on tax matters as you prepare your 2010 income tax returns.

Most needs for tax return information can be met with a computer print-out of your return information called a “transcript”. A transcript may be an acceptable substitute for an exact copy of a return by the United States Citizenship and Immigration Services and lending agencies for student loans and mortgages. A “tax return transcript” will show most line items contained on the return as it was originally filed.

If you need a statement of your tax account which shows changes that you or the IRS made after the original return was filed, however, you must request a “tax account transcript”. Both transcripts are generally available for the current and past three years and are provided free of charge. The period in which you will receive the transcript varies from within ten to thirty business days from the time the IRS receives your request for the tax return or tax account transcript. «Read the rest of this article»

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