Federal & State Tax Payment Options and Refund Status Information
For everyone’s convenience, I decided to compile a list including refund and payment information for filing your Federal and State income tax. In general, you can check on the status of your refund 7 days after you e-file. If you filed a paper return, allow 4 to 6 weeks for processing before checking on the status. Therefore, the quickest way to get your refund back is to e-file your tax return. Here are some tips directly from IRS Website: How long should I wait to check for my refund status? Answer: Please wait 7 days after you e-file. If you filed ...
State Free Tax Preparation and Electronic Filing
If you read my previous entry on IRS Free File Alliance - eFile Your Taxes For Free, today we will take a look at the free file programs for the states. Like the IRS Free File Alliance Program, some state also participate in the State Free File Alliance to offer free tax preparation and e-file services to eligible taxpayers. Individual tax software companies provide these free services. Each participating company sets its own eligibility requirements. Not every taxpayer qualifies for the free services. Below are the requirements from some of the tax software companies. Intuit Tax Freedom Project offers free state ...
News
I Got A Notice From The IRS: Now What?1. Many of these letters can be dealt with simply and painlessly. Do not panic. 2....
Did I Receive a 2009 Economic Recovery Payment?If you haven’t been able to remember whether or not you got your $250 from...
Preliminary Revenue Estimate and Distributional Analysis of the Tax Provisions in A Roadmap for America’s Future Act 2010The Roadmap for America’s Future Act of 2010 is a detailed reform package that...
Obama’s Medicare UnPayroll TaxPresident Obama’s proposal to boost the Medicare tax is a key element of the compromise...
It Is Time To Prepare Your Living Trust, Will And Powers Of AttorneyThe Los Angeles Times ran an article on March 7, 2010 by Kathy M. Kristof in the...
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Preliminary Revenue Estimate and Distributional Analysis of the Tax Provisions in A Roadmap for America’s Future Act 2010The Roadmap for America’s Future Act of 2010 is a detailed reform package that...
A New April 15: Make It a Day of Giving (Efficiently)President Barack Obama on January 22 signed into law a provision allowing charitable...
A New April 15 Make It a Day of Giving (Efficiently)President Barack Obama on January 22 signed into law a provision allowing charitable...
Tax Issues Related to Small Business Job CreationEric Toder testified before the Senate Committee on Finance on how recently proposed...
Choosing the Nation’s Fiscal Future : Hearing before the Senate Budget Committee U.S. CongressToday’s federal budget policies are unsustainable. Three programs - Social...
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Applying My RefundToday TaxMama hears from Michael in California with a sensible question. “I have a federal tax liability from past years. For 2009 I own the feds $1,000. I have a refund due from the state of California of $1,700. The state will apply my return to the past liability. Is there any way that I can get CA to apply my refund to the current tax year... [Read more of this review]
MFJ or MFSToday TaxMama hears from Madhu in Minnesota who needs help. “I have a peculiar case and need your opinion here. I am living & working in MN and make a lot of money. My wife lives & studies in WI and she has an on-campus job, earning enough to cover her basic living expenses. Our state of residence is different and so is our tax bracket.... [Read more of this review]
Ask TaxMama Issue 543 - Change Your ClocksDear Family, Tax season is in full force. Lots to do to meet next week’s filing deadlines (see below, or here http://taxmama.com/tax-calendar-2010/ ). Remember to change your clock Saturday night, or you will be late for everything on Sunday. (Huh! Didn’t Daylight Savings Time used to come in April?) People are sending me LOTS of questions... [Read more of this review]
IRS Outlines Additional Steps to Assist Unemployed Taxpayers and OthersIRS has added a new resource – just for you. They have opened up their offices on Saturdays. How that helps people who don’t have jobs and can come in on weekdays, I don’t understand. It certainly is a big help to people who work, though! Video Owe Taxes But Can’t Pay? English Unemployment Compensation: English | Spanish Job... [Read more of this review]
Did I Receive a 2009 Economic Recovery Payment?If you haven’t been able to remember whether or not you got your $250 from Social Security or your pension; or don’t understand the $400 adjustment to your payroll – IRS finally has some help for you! Courtesy of IRS The IRS developed the “Did I Receive an Economic Recovery Payment?” look up tool which gives taxpayers... [Read more of this review]
Jury DutyIf you’ve ever been called for jury duty, you have to know this is priceless! If you haven’t…you’ll enjoy it even more. As for me? I am scheduled for Jury Duty very soon. These are from a book called Disorder in the Court by by Bob Terrell & Marcellus Buchanan. They are things people actually said in court, word for word,... [Read more of this review]
New PostingToday TaxMama hears from Madhu in Minnesota who needs help. “I have a peculiar case and need your opinion here. I am living & working in MN and make a lot of money. My wife lives & studies in WI and she has an on-campus job, earning enough to cover her basic living expenses. Our state of residence is different and so is our tax bracket.... [Read more of this review]
$10,000 from IRAToday TaxMama hears from PA in the TaxQuips Forum with a quick question. “I recently completed my home construction. I used a loan from my credit card to consolidate other credit card purchases for material. I have a paper trail documenting the transactions. Can I use a withdrawal of $10,000 from my IRA, penalty free to pay this credit card debt... [Read more of this review]
Donated Car Increased in ValueToday TaxMama hears from Dawn in the TaxQuips Forum with a simple question. “I donated a vehicle to charity. The vehicle increased in FMV from the time I purchased it 14 years ago. I donated it for the use of the charity (not for resale). It’s a charity that uses vehicles in their daily activities. Can I take a deduction of the FMV or do... [Read more of this review]
Short Term Installment AgreementToday TaxMama hears from Joe in the TaxQuips Forum with lots of questions. Edited down he’s asking: “Is it true that you cannot efile prior year returns? I need to file for this year and last year. I expect to owe money for each year, but don’t need a long-term installment agreement. What form shall I use? And what shall I do?” http://taxmama.com/forum/taxquips/e-filing-prior-year-taxes/ Dear... [Read more of this review]
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