Tag Archives: taxes

Three Ways to Pay Your Federal Income Tax

People who owe taxes but can’t pay the full amount owed by the April deadline should still file their return on time and pay as much as they can to avoid penalties and interest. If you can’t pay the full amount, you should contact the IRS to ask about alternative payment options. Here are some of the alternative payment options you may want to consider:

IRS Names Four New Frivolous Claims to Avoid

An individual or group may not avoid paying their fair share of taxes by making “frivolous” legal arguments such as those listed in this notice. The IRS publicizes these frivolous claims to help taxpayers understand the law and avoid penalties. Notice 2008-14 lists positions identified as frivolous for purposes of the penalty under section 6702… Read More »

Filing Season Opens on Time Except for Certain…

Filing Season Opens on Time Except for Certain Taxpayers Potentially Affected by AMT Patch WASHINGTON — The Internal Revenue Service announced today that the upcoming tax season is expected to start on time for everyone except certain taxpayers potentially affected by late enactment of the Alternative Minimum Tax “patch.” Following extensive work in recent weeks,… Read More »

Some Tax Refunds To Be Delayed

Over 3 million refunds will be delayed until february due to congress’ late fix to the AMT bill, according to the IRS late thursday. “We regret the inconvenience the delay will mean for million of early tax filers, especially those expecting a refund,” acting IRS Commissioner Linda Stiff said. Will my refund be delayed? The… Read More »

Tax refunds face a delay

WASHINGTON – President Bush on Monday pushed Congress to pass a one-year fix to the alternative minimum tax, which threatens to hit 23 million federal tax filers, warning that failure to do so could delay tax refunds next year. The alternative minimum tax, or AMT, is calculated alongside the income tax, with the taxpayer paying… Read More »

Tax News for November 2007

Honda Hybrid Begins Phase-Out on January 1 IR-2007-191, Nov. 19, 2007 — The IRS announced today that American Honda Motor Company, Inc, has submitted quarterly reports indicating that its cumulative sales of qualified vehicles to retail dealers reached the 60,000-vehicle limit during the calendar quarter ending Sept. 30, 2007. IRS Reminds Charities and Churches of… Read More »