Archive for 'IRS'

Want to Check the Status of Your Refund? There’s an App for That!

Posted on01. Feb, 2011 by .

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The IRS is clearly trying to embrace technology. First there was Twitter, YouTube, and now an application for your smartphone. The app is called IRS2go, and is available on both the Android marketplace and the iPhone App Store. The app currently allows you to check the status of your refund, subscribe to IRS news, follow [...]

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IRS Will be Ready to Accept Returns on February 14

Posted on24. Jan, 2011 by .

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I previously mentioned that the IRS wouldn’t be ready to accept certain e-filed or paper returns until sometime in February. They’ve now announced a definitive date: February 14. The returns that are impacted are those that claim deductions on Schedule A (mortgage interest, property taxes, medical expenses, etc.), the higher education tuition and fees deduction [...]

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Tax Season 2011 — Are We There Yet?

Posted on15. Jan, 2011 by .

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The 2011 tax season officially opened for business yesterday, with a few kinks no less. First, the good news: you now have 3 more days to prepare your return. Returns will now be due on April 18 instead of the usual due date of April 15. The due date extension is apparently so there aren’t [...]

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2011 Mileage Rates Announced

Posted on07. Dec, 2010 by .

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The IRS recently announced the 2011 mileage rates for business, medical, and charitable purposes.  The rate for business miles increased from 50 to 51 cents, medical and moving, increased from 16.5 to 19 cents, and charitable miles remain unchanged at 14 cents per mile. The mileage rates are based on an annual study performed by [...]

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The IRS Wants to Give You Money

Posted on20. Nov, 2010 by .

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Really. They do. This year, like all the others before it, the IRS is trying to return undeliverable refund checks to a few taxpayers. This time around they’re on a mission to return $164.6 million, with an average of $1,471 per check. Do the math; that’s 83 million cups of coffee or clean drinking water [...]

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Affected by Chinese Drywall? There’s a Deduction for That!

Posted on05. Oct, 2010 by .

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Recently the IRS issued guidance on deducting costs associated with repairing damages due to Chinese corrosive drywall.  I personally know a couple of people who will be pretty happy about this. If you’re wondering whether or not you were affected by Chinese drywall or if you don’t know what Chinese drywall is, then chances are [...]

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IRS Online PTIN Registration is Finally Here!

Posted on28. Sep, 2010 by .

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Just when I was beginning to think this wasn’t going to be ready in September as was originally announced, the IRS announced today that their online PTIN registration system is now ready.  Some of you should be relieved since, other than the 1099 debacle, it seemed as if this is all anyone talked about for months. All [...]

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