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Topic: IRS Form 1099

IRS Has $17 Million for Tennessee Taxpayers Who Have Not Filed a 2012 Tax Return

 

Internal Revenue Service - IRSAtlanta, GA – Refunds totaling $950 million may be waiting for an estimated one million taxpayers in the nation who did not file a federal income tax return for 2012. In Tennessee, over $17 million in unclaimed refunds awaits 19,700 individuals. However, to collect the money, a return for 2012 must be filed with the IRS no later than Monday, April 18th 2016.

“Time is running out if you want to get your refund,” said IRS Spokesman Mark Green. “Taxpayers should review their 2012 statements for refundable credits and withholdings.  We want all taxpayers to get the refund they’re due.”

IRS has 17 million for Tennessee Taxpayers who have not filed 2012 Tax Return «Read the rest of this article»

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IRS Offers Tips for After Tax Day

 

Internal Revenue Service - IRSNashville, TN – Tax day has come and gone for most people, but dealing with taxes may not be done for some. Internal Revenue Service spokesman Dan Boone offers these tips for handling some typical after-tax-day issues.

Didn’t file by April 17th? It’s too late to request an extension of time to file, so the important thing is to file your return as soon as possible. If you owe taxes with your return, you may be charged interest and penalties on anything not paid by April 17th, along with a late-filing penalty. To reduce the penalties and interest, pay as much as you can with the return. «Read the rest of this article»

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Free Tax Help for Military Personnel and Their Families

 

Internal Revenue Service - IRSWashington, D.C. – Free tax return preparation assistance is available for eligible military members and their spouses.

The IRS and U.S. Armed Forces participate in the Volunteer Income Tax Assistance program, which provides free tax advice, tax preparation, return filing and other tax assistance to military members and their families. «Read the rest of this article»

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IRS Has $16.1 Million for Tennesseans Who Have Not Filed a 2008 Income Tax Return

 

Internal Revenue Service - IRSNashville, TN – Refunds totaling $16,130,000 may be waiting for about 18,400 Tennesseans who did not file a federal income tax return for 2008, the Internal Revenue Service announced today.

Nationwide, the IRS has over $1 billion for about 1 million people who haven’t filed for 2008 yet.

To collect the money, a return for 2008 must be filed with the IRS no later than Tuesday, April 17th, 2012. There is no penalty for filing a late return qualifying for a refund. «Read the rest of this article»

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ShopSmart Cuts Your Risk of Identity Theft

 

ShopSmart MagazineYonkers, NY – Everyone is at risk of ID theft – whether it’s because of sensitive information on paperwork like monthly bills and medical forms, lack of precaution when browsing online – or even your shopping habits when you hit the stores.

The March 2012 issue of ShopSmart magazine, from the publisher of Consumer Reports, helps you avoid ID theft with tips on what to shred when, how to shred it, and how to guard your ID while shopping. «Read the rest of this article»

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IRS Offers Top 10 Tax-Time Tips

 

Internal Revenue Service - IRSWashington, D.C. – The income tax filing season has begun and important tax documents should be arriving in your mailbox. Even though your return is not due until April, you can make tax time easier on yourself with an early start.

Here are the Internal Revenue Service’s top 10 tips to ensure a smooth tax-filing process.

1. Gather your records Round up any documents you’ll need when filing your taxes: receipts, canceled checks and other documents that support income or deductions you’re claiming on your return. «Read the rest of this article»

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IRS Debunks Frivolous Tax Arguments

 

Internal Revenue Service - IRSWashington, D.C. – The Internal Revenue Service today released the 2011 version of its discussion and rebuttal of many of the more common frivolous arguments made by individuals and groups that oppose compliance with federal tax laws.

Anyone who contemplates arguing on legal grounds against paying their fair share of taxes should first read the 84-page document, The Truth About Frivolous Tax Arguments. «Read the rest of this article»

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Free Tax Help Available Nationwide

 

Internal Revenue Service - IRSWashington, D.C. – Over 12,000 free tax preparation sites will be open nationwide this year as the Internal Revenue Service continues to expand its partnerships with nonprofit and community organizations providing vital tax preparation services for low- to moderate-income and elderly taxpayers.

The IRS Volunteer Income Tax Assistance (VITA) Program offers free tax help to people who earn less than $49,000. The Tax Counseling for the Elderly (TCE) Program offers free tax help to taxpayers who are 60 and older. «Read the rest of this article»

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Top 10 Tax Time Tips

 

Internal Revenue Service - IRSWashington, D.C. – It’s that time of the year again. The income tax filing season has begun and important tax documents should be arriving in the mail. Even though your return is not due until April, getting an early start will make filing easier.

Here are the Internal Revenue Service’s top 10 tips that will help your tax filing process run smoother than ever this year. «Read the rest of this article»

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Getting a free transcript of my tax return information

 

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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