IRS offers tips for taxpayers that missed filing deadline

By Meg Chevalier
 


The Internal Revenue Service (IRS) has some advice for people who missed the income tax filing deadline.

IRS issues warning about refund scams

By Meg Chevalier


 
In recent weeks, the Internal Revenue Service (IRS) has identified and stopped an upsurge of bogus refund claims stemming from a nationwide scheme. The IRS is actively investigating the sources of the scheme, and its promoters could be subject to criminal prosecution.

Taxpayers must act when missing a W-2

By Meg Chevalier



Make sure you have all the needed documents, including all your W-2 forms, before you file your 2011 tax return. You should receive an Internal Revenue Service (IRS) W-2 wage and tax statement from each of your employers. Employers had until Jan. 31 to issue 2011 earnings statements.

Ten tips to help you choose a tax preparer

By Meg Chevalier




Many people look for help from professionals when it’s time to file their tax return. If you are going to use a paid tax preparer to file your return this year, the Internal Revenue Service (IRS) urges you to choose that preparer wisely.

Planning will lessen your income taxes

By Meg Chevalier



Low-and moderate-in-come workers can take steps now to save for retirement and earn a special tax credit in 2011 and the years ahead.
The saver’s credit helps offset part of the first $2,000 workers voluntarily contribute to individual retirement accounts (IRA), 401(k) plans and similar retirement programs. Also known as the retirement savings contributions credit, the saver’s credit is available in addition to any other tax savings that apply.

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