Withholding
The federal income tax is a pay-as-you-go tax. You must pay taxes as you earn or receive income throughout the year. There are two methods for paying taxes: WithholdingIf you…
Read more10 Facts About Amending your Tax Return
When dealing with taxes – as with everything else in life – people make mistakes. So, the IRS has made it possible to correct your mistakes if they’re made on…
Read moreThings you need to know about tax refunds
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 two options for…
Read moreWhat to do if you’re missing a W-2
If you haven’t received a Form W-2 from your employer by January 31, you should take these steps: Ask your employer if and when the W-2 was mailed. If it…
Read moreTo help taxpayers plan their holiday-season and year-end giving, the IRS offers the following additional reminders:
Contributions are deductible in the year made. Thus, donations charged to a credit card before the end of 2011 count for 2011. This is true even if the credit card…
Read moreGuidelines for Monetary Donations
To deduct any charitable donation of money, regardless of amount, a taxpayer must have a bank record or a written communication from the charity showing the name of the charity…
Read moreRules for Clothing and Household Items
To be deductible, clothing and household items donated to charity generally must be in good used condition or better. A clothing or household item for which a taxpayer claims a…
Read moreSpecial Charitable Contributions for Certain IRA Owners
This provision, currently scheduled to expire at the end of 2011, offers older owners of individual retirement accounts (IRAs) a different way to give to charity. An IRA owner, age…
Read moreIRS Seeks to Return $153 Million in Undelivered Checks to Taxpayers; Recommends e-file, Direct Deposit to Avoid Future Delivery Problems
WASHINGTON — In an annual reminder to taxpayers, the Internal Revenue Service announced today that it is looking to return $153.3 million in undelivered tax refund checks. In all, 99,123…
Read moreUncle Joe Tax Services Receives 2011 Best of South Bend Award
Press Release FOR IMMEDIATE RELEASE Uncle Joe Tax Services Receives 2011 Best of South Bend Award U.S. Commerce Association’s Award Plaque Honors the Achievement NEW YORK, NY, December 9, 2011…
Read more