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 Summertime Child Care Expenses May Qualify for a Tax Credit | |
Jul 08, 2010 - 9:43 AM - by Samatg | 
Did you know that your summer day care expenses may qualify for an income tax credit? Many parents who work or are looking for work must arrange for care of their children under 13 years of age during the school vacation. Those expenses may help you get a credit on next year’s tax return.
Here are five facts the IRS wants you to know about a tax credit available for child care expenses. The Child and Dependent Care Credit is available for expenses incurred... [Read More] | | | | IRS announces that taxpayers can buy U.S. Series I Savings Bonds with their tax refund! | |
Jun 10, 2010 - 5:42 PM - by TaxGuru | 
The IRS has announced that, "starting in January 2010, you can buy Series I U.S. Savings Bonds with a portion or all of your tax refund. Issued by the Department of the Treasury, Series I bonds are low-risk bonds that grow in value for up to 30 years." When taxpayers own these US Savings Bond, they earn interest and protect against inflation.
Buying savings bonds with your tax refund is simple and easy
Just tell your tax preparer you want to buy... [Read More] | | | | What are the main features of the Affordable Care Act Provisions? | |
Jun 10, 2010 - 2:31 PM - by TaxGuru |
The Affordable Care Act was enacted on March 23, 2010 and contains some tax provisions that take effect this year and other provisions that will impact taxpayers during the next several years. The following is a list of provisions that are currently in effect for the tax year 2010.
1. Medicare Part D Coverage Gap “donut hole” Rebate.
The Affordable Care Act provides a one-time $250 rebate in 2010 to assist Medicare Part D recipients who have reached their... [Read More] | | | | Don’t Panic! Eight Things to Know If You Receive an IRS Notice | |
Apr 15, 2010 - 8:36 AM - by Samatg |
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 can be dealt with simply and painlessly.
- There are a number of reasons why the IRS might send you a notice. Notices may request payment of taxes, notify you of changes to your account, or request additional
... [Read More] | | | |   | » Categories |  | | Individual Corporations Forum for CPAs Financial Planning | |
