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Nov 20th
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IRS: Use 'Free File' to receive rebate (AP) E-mail
AP - People who do not normally file a tax return can now use the IRS Free File program to get their economic stimulus package payment, the Internal Revenue Service said Thursday.
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National Poll: 19% of Adults Concerned of Being Audited (Rasmussen Reports) E-mail
Rasmussen Reports - Nineteen percent (19%) of adults are at least somewhat concerned that their taxes will be audited by the Internal Revenue Service each year. As the deadline for filing personal income taxes approaches, a Rasmussen Reports national telephone survey found that five percent (5%) are very concerned about an audit. That's little changed from last years' survey.
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H&R Block loss narrows, affirms view, shares rise (Reuters) E-mail

A view of an H and R Block office in Chicago, April 16, 2007. H and R Block Inc, the largest U.S. tax preparer, reported a smaller quarterly loss as higher revenue from tax returns helped offset costs for job cuts and the closing of a money-losing subprime mortgage unit. (John Gress/Reuters)Reuters - H&R Block Inc , the largest U.S. tax preparer, reported a smaller quarterly loss as higher revenue from tax returns helped offset costs for job cuts and the closing of a money-losing subprime mortgage unit.
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Higher revenue narrows H&R Block 3Q loss (AP) E-mail

An exterior view of H&R Block is shown in Sunnyvale, Calif., in this June 6, 2006, file photo. The nation's largest tax preparer said its third-quarter loss shrunk on higher revenue and smaller losses from the windup of its subprime mortgage lending subsidiary and other charges. (AP Photo/Paul Sakuma, file)AP - H&R Block Inc., the nation's largest tax preparer, said its third-quarter loss shrunk on higher revenue and smaller losses from the windup of its subprime mortgage lending subsidiary and other charges.
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H&R Block posts third-quarter loss (Reuters) E-mail

A view of an H and R Block office in Chicago, April 16, 2007. H and R Block Inc, the tax preparer trying to recover from losses at a subprime mortgage unit, posted a quarterly loss on Wednesday, due to discontinued operations and staff reduction expenses. (John Gress/Reuters)Reuters - H&R Block Inc , the tax preparer trying to recover from losses at a subprime mortgage unit, posted a quarterly loss on Wednesday, due to discontinued operations and staff reduction expenses.
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Home Office Deduction Many people whose small businesses qualify them for a home office deduction are afraid to take it because they've heard it will trigger an audit. But this deduction is no longer a red flag for an IRS audit. These tips can help you determine if you qualify to take the deduction--and rest easy when...
Brought to you by TurboTax.com
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How To
Take Advantage of 0% Cap Gains Before It's Too Late Take advantage of the 0% tax rate on long-term capital gains before it's too late.
General
IRS: Use 'Free File' to receive rebate (AP) AP - People who do not normally file a tax return can now use the IRS Free File program to get their economic stimulus package payment, the Internal Revenue Service said Thursday.
 
Filing Taxes
5 Smart Ways to Use That Refund Sample ImageWhile nobody likes filing tax returns, most people are rewarded handsomely for their efforts: About 75% of taxpayers get a refund, according to the Internal Revenue Service. In 2005, the average refund rang in at more than $2,000, a nice chunk of change.
Investment Taxes
Mileage deductibility question For an independent contractor working at an agency, is mileage deduction
available for the following kinds of trips:
1. Offsite training required by the agency.
2. Offsite training related to the trade recommended but not required by
the agency.
3. Meetings of the local trade group.
Thanks.
 
Work and Business Taxes
Tax Tips for Married Business Owners When married couples run unincorporated small businesses, they can really get nailed by the federal self-employment tax (SE tax). In fact, these small-business owners often face SE tax bills that exceed their federal income tax bills.
Home and Family Taxes
A letter from the IRS? Don't be alarmed Don't be alarmed. More than 130 million households will get letters from the Internal Revenue Service beginning next week and it's good news, not bad.
 
 
  • Newsflash
    AP - More than 3 million people will have to wait until February to get their tax refunds because of Congress' late fix to the alternative minimum tax, the IRS said Thursday.
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