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IRS Increases Mileage Rate

The Internal Revenue Service has increased the optional standard mileage rates for the final six months of 2011. Taxpayers may use the optional standard rates to calculate the deductible costs of operating an automobile for business and other purposes

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Category: Financial Tags: ,
KCAL
KCAL
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Man Arrested After IRS Mistakenly Deposits $110K In His Account [VIDEO]

When Stephen McDow discovered there was an extra $110,000 from the IRS in his checking account, it was probably one of the best days of his life.

Unfortunately, the money wasn’t for him.

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Photo by: blmurch/Flickr
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Major Milestone for IRS e-file Program

IRS e-file has passed a major milestone...over one-billion served. The Internal Revenue Service's e-file Program has passed the one-billion mark for individual tax returns processed safely and securely since 1986

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bankrate.com
bankrate.com
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Countdown To April 18th, Tax Day

Remember when your mother scolded you for running up the stairs two steps at a time? "Slow down," she would say. "You're going to trip and hurt yourself." Taking it step by step will get you there almost as quickly with much less chance of a painful fall.

As usual, mom was right.  And her wise words are just as applicable to your tax filing tasks.

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efile
irs.gov
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Electronic Filings Up

With the deadline for filing your federal tax returns less than a week off, the Internal Revenue Service says we're ahead of where we were at this time last year.

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irs.gov
irs.gov
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Ten Tax Tips To Keep As Much Of YOUR Money As You Can When Filing 2010 Returns

 

Yesterday, I told you about seven no-no's when it comes to deductions if you don't want to get audited.  Today, it's ten things you SHOULD do to keep more of YOUR money.  Since the goal of every taxpayer is to make sure the IRS gets as little as possible, you need to take every tax deduction, credit or other income adjustment you can.

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irs.gov
irs.gov
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Seven Tax Deductions That Could Get You Audited

Taxes are due one week from today, on Monday, April 18th.  Before you file, here are seven things you shouldn't even THINK about deducting.

#1)  Your Landline Telephone. Even if you only use it for work, the IRS says the first hard-wired phone in your home is always considered a personal expense.  But you CAN deduct long distance calls as long as they're business-related. 

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irs.gov
irs.gov
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How Popular Is IRS e-Filing In Louisiana?

Here are Louisiana’s statistics through March 25, 2011 with comparison to the same period last year.    

There has been a significant increase in self-prepared returns as compared to this same period last year.  

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