Category Archives: Individual

Economic Stimulus Payments: Especially for Military Combat Personnel

For federal tax purposes, the U.S. Armed Forces includes officers and enlisted personnel in all regular and reserve units controlled by the Secretaries of Defense, the Army, Navy and Air Force. The Coast Guard and National Guard are also included, … Continue reading

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Tax Tips for Recently Married Taxpayers

If you have recently gotten married or plan to get married in the near future, the IRS has some tips to help you avoid stress at tax time. 1. Notify the Social Security Administration Report any name change to the … Continue reading

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Top Ten Things You Need to Know About Making Federal Tax Payments

Will you be making a payment with your federal tax return this year? If so, here is what you need to know about making tax payments correctly. 1. Never send cash! 2. If you file electronically, you can file and pay in … Continue reading

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Seven Facts about the New Sales Tax Deduction for Vehicle Purchases

Taxpayers who buy a new car or several other types of motor vehicles this year may be entitled to a special tax deduction when they file their 2009 federal tax returns next year. The tax break is part of the … Continue reading

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Check Withholding to Avoid a Tax Surprise

With 2009 nearly half over, the Internal Revenue Service reminds individual taxpayers there is no better time to check their 2009 federal income tax withholding levels to make sure they do not face any surprises when returns are due next … Continue reading

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Stimulus Funds Expedite Refund Issuance

The Governor of Missouri has dedicated $250 million in order to pay individual income tax refunds and property tax credit claims for the 2008 tax year. Refunds will begin to be paid Tuesday, May 26, 2009. All 2008 returns that … Continue reading

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Statement from IRS Commissioner Doug Shulman on Offshore Income

The following excerpt is a statement made by IRS Commissioner Doug Shulman: My goal has always been clear – to get those taxpayers hiding assets offshore back into the system. We recently provided guidance to our examination personnel who are … Continue reading

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Tax Deduction for New Car Buyers

IRS announced on March 30, 2009 that taxpayers who buy a new passenger vehicle this year may be entitled to deduct state and local sales and excise taxes paid on the purchase on their 2009 tax returns next year. “For … Continue reading

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The American Recovery and Reinvestment Act of 2009: Overview

The IRS is implementing the tax-related provisions of the American Recovery and Reinvestment Act of 2009 (ARRA) as quickly as possible. More information on these and other provisions of the recovery program will be available on this Web site as … Continue reading

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Special Tax Break on New Car Purchases Available in States With No Sales Tax

The Internal Revenue Service and Treasury Department announced that a tax break for the purchase of new motor vehicles is available in states that do not have a state sales tax. Under the American Recovery and Reinvestment Act of 2009, … Continue reading

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