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Tag Archives | taxes

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Consumer Alert: IRS warns of new tax scam

The IRS is sending out a warning about a new tax scam.  The Internal Revenue Service says, in a news release, it has received reports of “scammers calling under the guise of verifying tax return information over the phone.” The scammer try to get the taxpayer to give up personal information like social security and credit card numbers. The swindle has popped up in the past few weeks. It’s a new twist on an old phone fraud. “These schemes continue to adapt and evolve... Read More →

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1040 tax forms

Tax crunch: April 15 deadline fast approaching

The mad scramble is on to complete those tax forms and get them sent off to the IRS by the April 15 deadline. The Internal Revenue Service says it has received almost 100 million tax returns as of last Thursday. The government agency expects 35 million more returns to come in by the tax deadline. Time is running out. If know you’ll not finish your 2013 tax return by the deadline, the IRS has an option to save you some headaches and penalties. The easiest way... Read More →

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1040 tax forms

Midnight tonight is the tax deadline

The dreaded tax deadline is here. You have until midnight to get those 2011 tax forms finished and either e-filed or in the mail. If you plan on dropping your tax returns off at a U.S. Post Office after normal hours may sure you do so at a location that has extended hours today, therefore,  providing that all important April 17 postmark. You can check the USPS website to find a post office staying open late on tax day.... Read More →

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The tax deadline and President Obama’s 2010 tax returns

The midnight deadline to file 2010 tax returns is fast approaching. Usually, the deadline for filing federal tax returns is April 15, however, this year we got a three -day-grace period. The reason: Emancipation Day fell on a Saturday, but was celebrated as a legal holiday on April 15 in Washington, D.C. Emancipation Day commemorates the day, April 16, 1862, when President Abraham Lincoln signed an order freeing the slaves in the District of Columbia — six months ahead of signing the... Read More →

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President Obama moves to plug tax loopholes & keep more U.S. jobs at home

Photo: Kevin Lamarque/Reuters President Obama is making good on a campaign promise to overhaul the tax system. Today the president took aim at some loopholes in the tax code and the wealthy individuals and corporations that use them to avoid paying their fair share of taxes. At the White House, the president announced steps to crack down on overseas tax havens and to create more incentives for U.S. companies to keep jobs here at home: “It’s a down payment on the larger tax reform we need to make... Read More →

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