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Posts from October, 2012

  • Prepare for Hurricanes, Disasters by Safeguarding Tax Records With the early start of this year’s hurricane season, the Internal Revenue Service encourages individuals and businesses to safeguard themselves against natural disasters by taking a few simple steps. Create a Backup Set of Records Electronically Taxpayers should keep a set ... Continue Reading
  • Automated IRS System Helps College-Bound Students with Financial Aid Application Process College-bound students and their parents typically want to make every dollar and every minute of the college experience count including money spent on tuition and time spent on the college financial aid application process. The Internal Revenue Service is helping minimize ... Continue Reading
  • Job Search Expenses Can Be Tax Deductible If you are looking for a new job that is in the same line of work, you may be able to deduct some of your job hunting expenses on your federal income tax return. Here are seven things about deducting costs related to your job search: To qualify for a deduction, your expenses ... Continue Reading
  • FAQ: Deductions Question: Can I deduct separate maintenance paid to my spouse or alimony paid to my former spouse? Answer: If you are separated or divorced, you may generally deduct payments of separate maintenance or alimony paid in cash (including a check or money order payable on demand) ... Continue Reading
  • Upcoming Tax Deadlines October Mon 1 File Form 730 and pay tax on wagers accepted during August. Mon 1 File Form 2290 and pay the tax for vehicles first used during August. Wed 3 Deposit payroll tax for payments on Sep 26-28 if the semiweekly deposit rule applies. Fri 5 Deposit payroll tax for ... Continue Reading