Monday, March 18, 2013
Is there money out there for you?
Refunds totaling just over $917 million may be waiting for an estimated 984,400 taxpayers who did not file a federal income tax return for 2009, according to the Internal Revenue Service. However, to collect the money, a return for 2009 must be filed with the IRS no later than Monday, April 15, 2013. The IRS estimates that half the potential refunds for 2009 are more than $500. Some people may not have filed because they had too little income to require filing a tax return even though they had taxes withheld from their wages or made quarterly estimated payments. In cases where a return was not filed, the law provides most taxpayers with a three-year window of opportunity for claiming a refund. If no return is filed to claim a refund within…
Saturday, January 26, 2013
The Bethel Park man was targeted in an IRS investigation into restaurant owners that were not reporting their gross receipts accurately.
A Bethel Park man has been sentenced in federal court three years probation on his conviction of committing tax fraud. Chief United States District Judge Gary L. Lancaster imposed the sentence on Thomas N. Liadis, Sr., 61, of the Dorchester Towers apartment complex in Bethel Park. According to a news release provided by U.S. Attorney David J. Hickton, Liadis was the owner of the Grecian Isles local chain of Greek restaurants in the Pittsburgh area, with locations at the PPG building, USX Tower and Station Square. In 2010, Liadis was targeted in a proactive IRS investigation into restaurant owners that were not reporting their gross receipts accurately to the IRS. At that time, Liadis had listed his restaurants for sale and in order to sell…
Monday, January 21, 2013
Standard deductions go up, but the ceiling for itemized deductions go down in 2013, plus other changes that will affect your taxes this year.
The Internal Revenue Service announced annual inflation adjustments for tax year 2013, including the tax rate schedules, and other tax changes from the recently passed American Taxpayer Relief Act of 2012. The tax items for 2013 of greatest interest to most taxpayers include the following changes. Details on these inflation adjustments and others are contained in Revenue Procedure 2013-15, which will be published in Internal Revenue Bulletin 2013-5 on Jan. 28, 2013. Other inflation adjusted items were published in October 2012 in Revenue Procedure 2012-41. -News release from the Internal Revenue Service Follow us on Twitter | Like us on Facebook
Monday, April 16, 2012
File your 2011 federal income tax return by Tuesday, April 17, to avoid late penalties and interest.
Monday, April 16, 2012
You still have today and tomorrow left to meet the filing deadline for your 2011 federal income tax returns. The tax deadline is traditionally April 15, but has been pushed back to April 17 this year since April 15 was a Sunday and today, April 16, is Emancipation Day in the District of Columbia. April 17 is also the final date to apply for 2011 tax extensions. The Internal Revenue Service encourages taxpayers to file returns electronically. According to a statement posted on the IRS website, e-file is "the best way to ensure accurate tax returns and get faster refunds." There are also several ways to file your taxes easily online. Some include: For tax law questions or account inquiries, taxpayers can call the IRS toll free at the numbers…
Friday, February 17, 2012
The company is working to keep clients up-to-date via emails and text messages.
The expected tax refund date has been altered for many taxpayers—the IRS is taking longer to process returns. McMurray H&R Block Franchisee Margaret (Peg) B. Rowe said the IRS has experienced issues with their technology and processing of tax returns—regardless of how they were filed or who prepared them. She said H&R Block, along with many other offices that have e-filed tax returns, is keeping its clients up-to-date with anticipated refunds via email and text messages. "H&R Block has sent a total of 700,000 emails and 60,000 text messages," Rowe said. The tax preparation service has also urged clients to visit www.irs.gov and click Where's My Refund (or call 1-800-829-1954) to find out when to expect their refund. However, this is …
Friday, January 6, 2012
The IRS also announced a number of improvements to help make this tax season easy.
Friday, January 6, 2012
The Internal Revenue Service opened the 2012 tax filing season by announcing that taxpayers have until April 17 to file their tax returns. The IRS encourages taxpayers to e-file as it is the best way to ensure accurate tax returns and get faster refunds. The IRS also announced a number of improvements to help make this tax season easy for taxpayers. This includes new navigation features and helpful information on IRS.gov and a new pilot to allow taxpayers to use interactive video to get help with tax issues. “At the IRS, we’re working hard to make the process of filing your taxes as quick and easy as possible,” said IRS Commissioner Doug Shulman in a release. “Providing quality service is one of our top priorities. It not only reduces the …