Monthly Archives: January 2010

Get Your Refund Faster – Choose Direct Deposit

Posted on January 29, 2010 by Camron Hoorfar

If you want to get your refund as quickly as possible, just tell the IRS to deposit your refund directly into your bank account. By choosing Direct Deposit, you can get your refund much sooner than if you chose to … Continue reading →

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Do I have to File a Tax Return?

Posted on January 27, 2010 by Camron Hoorfar

You must file a tax return if your income is above a certain level. The amount varies depending on filing status, age and the type of income you receive. Check the Individuals section of IRS.gov or consult the instructions for … Continue reading →

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Everyone Can Use Free File

Posted on January 25, 2010 by Camron Hoorfar

The IRS Free File service provides free federal income tax return preparation and electronic filing for all taxpayers. All you need is access to a computer and the Internet and you can prepare and e-file your federal tax return for … Continue reading →

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IRS Announces Qualified Disaster Treatment for Haiti

Posted on January 24, 2010 by Camron Hoorfar

The Internal Revenue Service issued guidance that designates the earthquake in Haiti in January 2010 as a qualified disaster for federal tax purposes. The guidance allows recipients of qualified disaster relief payments to exclude those payments from income on their … Continue reading →

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Ten Things You Should Know about the Making Work Pay Tax Credit

Posted on January 22, 2010 by Camron Hoorfar

Many working taxpayers are eligible for the Making Work Pay Tax Credit, a provision created by the American Recovery and Reinvestment Act in early 2009. Here are 10 things the IRS wants you to know about this tax credit to … Continue reading →

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IRS Seeks Comments from Government Agencies at Upcoming Public; Forum on Proposals to Advance Tax Preparer Performance Standards

Posted on January 17, 2010 by Camron Hoorfar

The Internal Revenue Service announced the second in a series of public forums will be held on Wednesday, Sept. 2, in Washington, D.C., and feature a panel of federal and state officials, moderated by IRS Commissioner Doug Shulman. The panel … Continue reading →

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Eight Important Questions for Hobbyists

Posted on January 12, 2010 by Camron Hoorfar

Hobbies – such as woodworking, stamp collecting and scrapbooking – are often done for pleasure, but can result in a profit. If your favorite activity does make a profit every year or so, there may be tax implications. You must … Continue reading →

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