Making Cent$ Of It All

The Internal Revenue Service has free tax forms and publications on a wide variety of topics. 

 Due to the continued growth in electronic filing, the availability of free options to taxpayers and efforts to reduce costs; the IRS will no longer be automatically mailing paper tax packages.

If you need IRS forms, here are four easy methods [...]

It’s important to note: Due to the late passage of the December 2010 tax act,
many taxpayers will not be able to file their tax returns until mid to late February.
In other words since of congress cannot play nice together, the rest of us suffer !
 

On December 17, 2010, the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 was signed into law.  

             In addition to providing a 13-month extension of benefits for the long-term unemployed, the legislation includes a long-anticipated extension of the “Bush tax cuts” that were scheduled to expire on January 1, 2011.

We will posting [...]

The IRS has announced the optional standard mileage rates for 2011 for use in computing the deductible costs of operating a passenger automobile for business, charitable, medical, or moving expense purposes.
Effective January 1 through December 31 of 2011, the standard mileage rates are as follows:

Business use of auto: 51 cents per mile may be deducted [...]

2008 gave us the Home Buyer Tax credit for first time home owners. And you know when a new tax credit comes along, fraud can’t be far behind. Reducing fraud and expanding the Home Buyer Tax credit was part of the Worker, Homeownership, and Business Assistance Act of 2009 back in November. And to support new law, [...]

Beginning on Jan. 1, 2010, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be:

50 cents per mile for business miles driven
16.5 cents per mile driven for medical or moving purposes
14 cents per mile driven in service of charitable organizations

The new rates for business, medical and [...]