Monthly Archives: April 2010

COBRA Subsidy Eligibility Period Extended to May 31

Posted on April 29, 2010 by Camron Hoorfar

Workers who lose their jobs during April and May may qualify for a 65-percent subsidy on their COBRA health insurance premiums, according to the Internal Revenue Service. The American Recovery and Reinvestment Act established this subsidy to help workers who … Continue reading →

Posted in Business, General | Leave a comment

Ten Facts about Amended Returns

Posted on April 26, 2010 by Camron Hoorfar

You can make a change or an adjustment to a tax return you’ve already filed by filing an amended return. Here are the top 10 things the IRS wants you to know about amending your federal tax return. If you … Continue reading →

Posted in Taxation | Leave a comment

Don’t Panic! Eight Things to Know If You Receive an IRS Notice

Posted on April 21, 2010 by Camron Hoorfar

The Internal Revenue Service sends millions of letters and notices to taxpayers every year. Here are eight things taxpayers should know about IRS notices – just in case one shows up in your mailbox. Don’t panic. Many of these letters … Continue reading →

Posted in Taxation | Leave a comment

IRS Reaches Out to Millions of Employers on Benefits of New Health Care Tax Credit

Posted on April 20, 2010 by Camron Hoorfar

The Internal Revenue Service this week began mailing postcards to more than four million small businesses and tax-exempt organizations to make them aware of the benefits of the recently enacted small business health care tax credit. Included in the Patient … Continue reading →

Posted in Business, Corporations, Partnerships, & More, Nonprofits, Taxation | Leave a comment

Here’s What Happens After You File

Posted on April 19, 2010 by Camron Hoorfar

Most taxpayers have already filed their federal tax returns, but many may still have questions. Here’s what the IRS wants you to know about refund status, recordkeeping, mistakes and what to do if you move. Refund Information You can go … Continue reading →

Posted in Individual, Taxation | Leave a comment

Avoid Common Mistakes When Filing Your Tax Return

Posted on April 12, 2010 by Camron Hoorfar

The Internal Revenue Service today reminded taxpayers to review their tax returns for common errors that could result in delayed refunds.  Here are some ways to avoid common tax return errors. File electronically. If you e-file or Free File, tax … Continue reading →

Posted in Taxation | Leave a comment

Ten Last Minute Filing Tips

Posted on April 9, 2010 by Camron Hoorfar

With the tax filing deadline close at hand, the IRS offers 10 tips for those still working on their tax returns: File Electronically Consider filing electronically instead of using paper tax forms. If you file electronically and choose to have … Continue reading →

Posted in Individual, Taxation | Leave a comment

Three Ways to Pay Your Federal Income Tax

Posted on April 7, 2010 by Camron Hoorfar

People who owe taxes but can’t pay the full amount owed by the April deadline should still file their return on time and pay as much as they can to avoid penalties and interest. If you can’t pay the full … Continue reading →

Posted in Taxation | Leave a comment

Going Green May Reduce Your Taxes

Posted on April 5, 2010 by Camron Hoorfar

When you invest in energy-efficient products, you may be saving money on both your energy bills and your tax return. The Internal Revenue Service wants you to know about these six energy-related tax credits created or expanded by the American … Continue reading →

Posted in Individual, Taxation | Leave a comment

Ten Things You Need to Know About Tax Refunds

Posted on April 2, 2010 by Camron Hoorfar

Are you expecting a refund from the IRS this year? Here are the top 10 things you should know about your refund. Refund Options You have three options for receiving your individual federal income tax refund: a paper check, direct … Continue reading →

Posted in Taxation | Leave a comment