Understanding Your Forms: Form 1098, Mortgage Interest Statement
Here’s what you should know about the form 1098, Mortgage Interest Statement.
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Understanding Your Forms: W-2, Wage & Tax Statement
By now, you probably have a stack of tax forms from employers, banks and other issuers on your desk. Sometimes, those tax forms go straight to a tax professional, unopened. Other times, taxpayers may dutifully open those forms and type the information, box for box, into tax preparation software. In both cases, it’s not unusual…
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IRS Claims Nearly $1 Billion Owed To Taxpayers For 2008
The IRS has extra cash: more than $1 billion in extra cash. And some of it might belong to you. More than one million taxpayers who were due a refund failed to file a federal income tax return in 2008, resulting in more than $1 billion sitting and waiting to be collected. The IRS estimates…
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IRS Cans Automatic Mailing Of Tax Forms
The IRS has announced that it will no longer mail tax forms to taxpayers. Beginning this week, taxpayers who have previously filed a paper form (about 8% of filers) will receive a postcard with instructions on how they can get paper forms if they need them for the 2010 tax year. Of course, the irony…
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I’m Late, I’m Late, I’m Late!
Only you’re not late… Slow down! You’ve got a minute to spare. Despite the hype in the press, you’re not a “late filer” if you still haven’t filed your federal income taxes. The official due date is April 15 – that’s tomorrow. Your return must be postmarked no later than April 15. You can…