Monthly Archives: May 2013

Spring 2013 Statistics of Income Bulletin Now Available

The Internal Revenue Service today announced the availability of the spring 2013 issue of the Statistics of Income Bulletin, which features information on high-income individual income tax returns filed for tax year 2010. Taxpayers filed almost 4.3 million returns with … Continue reading

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IRS Accepting Applications for Low Income Taxpayer Clinic Grants

  The Internal Revenue Service today announced the opening of the 2014 Low Income Taxpayer Clinic (LITC) grant application process. The LITC grant program is a federal program administered by the Office of the Taxpayer Advocate at the IRS, led … Continue reading

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Keep the Child Care Credit in Mind for Summer

If you are a working parent or look for work this summer, you may need to pay for the care of your child or children. These expenses may qualify for a tax credit that can reduce your federal income taxes. … Continue reading

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Interest Rates Remain the Same for the Third Quarter of 2013

The Internal Revenue Service today announced that interest rates will remain the same for the calendar quarter beginning July 1, 2013, as in the prior quarter.  The rates will be: three (3) percent for overpayments [two (2) percent in the … Continue reading

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How to Pick a Bankruptcy Attorney

That’s it, you’re done. After struggling to pay your debts, you’re ready to  consider bankruptcy. It’s time to contact a bankruptcy lawyer, but which  one?  Some advertise on TV and radio, others on billboards and bus stops.  They seem fine, … Continue reading

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IRS Gives Tax Relief To Oklahoma Tornado Victims; Return Filing and Tax Payment Deadlines Extended to Sept. 30

After Monday’s devastating tornado in Moore and Oklahoma City,  the Internal Revenue Service today provided tax relief to individuals and businesses affected by this and other severe storms occurring in parts of Oklahoma. Following Monday’s disaster declaration for individual assistance … Continue reading

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Summer Job Tax Information for Students

When summer vacation begins, classroom learning ends for most students. Even so, summer doesn’t have to mean a complete break from learning. Students starting summer jobs have the opportunity to learn some important life lessons. Summer jobs offer students the … Continue reading

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Bankruptcy Filings Down 14 Percent for March 2013

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