Saturday, February 9, 2013
It is part of a wider effort to protect taxpayers and prevent refund fraud.
Continuing a year-long enforcement push against refund fraud and identity theft, the Internal Revenue Service this week announced the results of a massive national sweep targeting identity theft suspects in 32 states and Puerto Rico—which involved 215 cities and surrounding areas. The coast-to-coast effort against 389 identity theft suspects led to 734 enforcement actions in January, including indictments, informations, complaints and arrests. The effort comes on top of a growing identity theft effort that led to 2,400 other enforcement actions against identity thieves during fiscal year 2012. The January crackdown, a joint effort with the Department of Justice and local U.S. Attorneys offices, unfolded as the IRS opened the 2013 tax …
Friday, February 8, 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.
Monday, February 4, 2013
'The law that went into place last year made it impossible for some small organizations to comply, threatening their existence. We can’t underestimate the importance of local volunteer organizations to both the fabric and the economy of communities.'
State Sen. Tim Solobay has introduced a bill that will make needed changes to Pennsylvania’s cumbersome Small Games of Chance Law. “The law that went into place last year made it impossible for some small organizations to comply, threatening their existence,” Solobay said. “We can’t underestimate the importance of local volunteer organizations to both the fabric and the economy of communities.” Earlier this year, the Corbett administration agreed to suspend the reporting requirements of Act 2 of 2012 after community organizations across the state complained that the bill’s requirements could cause them to close their doors. Solobay’s new bill, Senate Bill 390, would allow organizations to keep a greater share of their revenues from small …
Saturday, January 12, 2013
See how these changes will impact when you file taxes this year in the wake of law changes by Congress.
Following the January tax law changes made by Congress under the American Taxpayer Relief Act, the Internal Revenue Service announced it plans to open the 2013 filing season and begin processing individual income tax returns on Jan. 30. The IRS will begin accepting tax returns on that date after updating forms and completing programming and testing of its processing systems. This will reflect the bulk of the late tax law changes enacted Jan. 2. The announcement means that the vast majority of tax filers—more than 120 million households—should be able to start filing tax returns starting Jan 30. The IRS estimates that remaining households will be able to start filing in late February or into March because of the need for more extensive form…
Wednesday, December 26, 2012
The tax credit helps low- and moderate-income workers save for retirement, the IRS indicates.
Low- and moderate-income workers can take steps now to save for retirement and earn a special tax credit in 2012 and the years ahead, according to the Internal Revenue Service. The saver’s credit helps offset part of the first $2,000 workers voluntarily contribute to IRAs and to 401(k) plans and similar workplace 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. Eligible workers still have time to make qualifying retirement contributions and get the saver’s credit on their 2012 tax return. People have until April 15, 2013, to set up a new individual retirement arrangement or add money to an existing IRA and still get credit for …
Tuesday, November 27, 2012
Training is free and the hours are flexible.
Canonsburg, Cecil and North Strabane residents: Recruitment is underway throughout Pennsylvania for volunteers and partner organizations for the Internal Revenue Service’s free tax preparation programs. Volunteers must receive training and achieve certification over the next two months to be ready for the start of the 2013 tax filing season. The IRS Volunteer Income Tax Assistance and Tax Counseling for the Elderly programs offer free tax help to seniors and to low-to-moderate income, as well as disabled individuals. Partner organizations set up free tax preparation sites in local communities, where volunteers meet with and assist qualifying taxpayers. Some VITA or TCE sites may offer a “self-prepare” option for people to do their own …
Saturday, November 3, 2012
Read on to find out more.
Hey taxpayers in Canonsburg, Cecil and North Strabane, the Internal Revenue Service has some news for you. For tax year 2013, the Internal Revenue Service announced today annual inflation adjustments for more than two dozen tax provisions.
Saturday, May 5, 2012
Applications will be accepted only through Grants.gov May 1 through May 31, 2012.
Saturday, May 5, 2012
The IRS is accepting applications for the Tax Counseling for the Elderly and Volunteer Income Tax Assistance—or VITA—grant programs, which will allow some organizations to apply for annual funding for up to three years. Applications will be accepted only through Grants.gov May 1 through May 31, 2012. Previous grant recipients will have the option to apply for up to three years of annual funding which would reduce the amount of paperwork they must complete over the three-year period. This annual funding will also help recipients with budget planning. Interested organizations may obtain an electronic copy of the grant application package instructions, Publication 1101 for TCE and Publication 4671 for VITA on the IRS.gov website. More …
Saturday, February 25, 2012
Before you prepare your taxes, you need to read this.
Saturday, February 25, 2012
The Internal Revenue Service has issued its annual Dirty Dozen ranking of tax scams, reminding taxpayers in Canonsburg, Cecil, North Strabane and beyond to use caution during tax season to protect themselves against a wide range of schemes ranging from identity theft to return preparer fraud. The Dirty Dozen listing, compiled by the IRS each year, lists a variety of common scams taxpayers can encounter at any point during the year. But many of these schemes peak during filing season as people prepare their tax returns. “Taxpayers should be careful and avoid falling into a trap with the Dirty Dozen,” said IRS Commissioner Doug Shulman. “Scam artists will tempt people in-person, on-line and by e-mail with misleading promises about lost …
Wednesday, February 8, 2012
The mascots for Liberty Tax Service are getting beeps from passersby in Canonsburg.
Did you do your taxes yet? These waving mascots from Liberty Tax Service on Pike Street are a daily reminder of the upcoming deadline for motorists cruising through Canonsburg.