By SANDY COHEN, AP Entertainment Writer
The Golden Globe gift basket is no more. The Hollywood Foreign Press Association, which presents the annual Golden Globe Awards, announced Wednesday that it had reached an agreement with the Internal Revenue Service to satisfy past tax obligations on the plush gift packages given to awards-show presenters. - complete article
January 11, 2007
January 07, 2007
Dems look at tax cuts for middle class
By JOHN HEILPRIN, Associated Press Writer
Democrats are not ruling out raising taxes for the wealthiest people to help pay for tax cuts for middle-income families, House Speaker Nancy Pelosi said. She spoke of pursuing an estimated $300 billion that people owe in back taxes, eliminating deficit spending and reducing wasteful federal spending. "As we review what we get from ... collecting our taxes a reducing waste, fraud and abuse, investing in education and in initiatives which will bring money into the treasury, it may be that tax cuts for those making over a certain amount of money, $500,000 a year, might be more important to the American people than ignoring the educational and health needs of America's children," Pelosi, D-Calif., said in an interview aired Sunday. - complete article
Democrats are not ruling out raising taxes for the wealthiest people to help pay for tax cuts for middle-income families, House Speaker Nancy Pelosi said. She spoke of pursuing an estimated $300 billion that people owe in back taxes, eliminating deficit spending and reducing wasteful federal spending. "As we review what we get from ... collecting our taxes a reducing waste, fraud and abuse, investing in education and in initiatives which will bring money into the treasury, it may be that tax cuts for those making over a certain amount of money, $500,000 a year, might be more important to the American people than ignoring the educational and health needs of America's children," Pelosi, D-Calif., said in an interview aired Sunday. - complete article
January 01, 2007
October 25, 2005
IRS looking for owners of undelivered refunds
WASHINGTON — The Internal Revenue Service is seeking 84,290 taxpayers whose income tax refund checks could not be delivered in 2005. Checks totaling approximately $73 million can be reissued as soon as taxpayers correct or update their addresses with the IRS. In some cases, a taxpayer has more than one check waiting. The average amount owed to each taxpayer is $871.
“Our goal is to get this money back in the hands of the people it belongs to," IRS Commissioner Mark W. Everson said. "Visiting IRS.gov makes it easy for taxpayers to see if they've missed a refund." - complete article
Where is my 2004 income tax refund?
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“Our goal is to get this money back in the hands of the people it belongs to," IRS Commissioner Mark W. Everson said. "Visiting IRS.gov makes it easy for taxpayers to see if they've missed a refund." - complete article
Find federal refund
Find CT refund
September 09, 2005
IRS increases mileage rate until Dec. 31, 2005
WASHINGTON — The Internal Revenue Service and Treasury Department announced today an increase to the optional standard mileage rates for the final four months of 2005. The rate will increase to 48.5 cents a mile for all business miles driven between Sept. 1 and Dec. 31, 2005. This is an increase of 8 cents from the 40.5 cent rate in effect for the first eight months of 2005, as set forth in Rev. Proc. 2004-64.
“This is about fairness for taxpayers,” said IRS Commissioner Mark W. Everson. “People are entitled to deduct the real cost of operating a vehicle. We’ve responded to the recent gas price increases by making this special adjustment so taxpayers get the tax benefit they deserve.” In recognition of recent gasoline price increases, the IRS made this special adjustment for the final months of 2005. The IRS normally updates the mileage rates once a year in the fall for the next calendar year. - complete announcement
“This is about fairness for taxpayers,” said IRS Commissioner Mark W. Everson. “People are entitled to deduct the real cost of operating a vehicle. We’ve responded to the recent gas price increases by making this special adjustment so taxpayers get the tax benefit they deserve.” In recognition of recent gasoline price increases, the IRS made this special adjustment for the final months of 2005. The IRS normally updates the mileage rates once a year in the fall for the next calendar year. - complete announcement
December 31, 2004
2004
Client tax letter
Shortly, it will again be time to prepare your 2004 individual federal/state income tax returns. If you are a current client, we have printed your income tax organizer and retained it at our office. If you would like to use it to help assemble the information required to prepare your tax return, just call or email our office and we will mail it to you immediately. Otherwise, we will use it in the tax preparation process. more...
Tax organizer
If you would like a blank organizer for help in your 2004 individual income tax preparation, clink the links below and print out:
Page 1 - Page 2 - Page 3 - Page 4
Tsunami contributions
A new law allows taxpayers who itemize to deduct on their 2004 tax returns certain contributions to charities to aid the victims of the tsunami even if the contribution was made during January 2005. More...
Sandra Block (USA Today):
Your Money - Not all tax preparers created equal, so do some checking
If your idea of a truly terrifying Fear Factor is one in which contestants are forced to do their own tax returns, you'll find no shortage of people happy to do the job for you. Competition for tax returns has gotten so intense that tax-preparation companies are offering everything from free pizza to double-your-refund contests to get those 1040s in the door.
Prior years' information/links that are still relevant:
Jobs/Growth Tax Relief Reconciliation Act of 2003
Shortly, it will again be time to prepare your 2004 individual federal/state income tax returns. If you are a current client, we have printed your income tax organizer and retained it at our office. If you would like to use it to help assemble the information required to prepare your tax return, just call or email our office and we will mail it to you immediately. Otherwise, we will use it in the tax preparation process. more...
Tax organizer
If you would like a blank organizer for help in your 2004 individual income tax preparation, clink the links below and print out:
Page 1 - Page 2 - Page 3 - Page 4
Tsunami contributions
A new law allows taxpayers who itemize to deduct on their 2004 tax returns certain contributions to charities to aid the victims of the tsunami even if the contribution was made during January 2005. More...
Sandra Block (USA Today):
Your Money - Not all tax preparers created equal, so do some checking
If your idea of a truly terrifying Fear Factor is one in which contestants are forced to do their own tax returns, you'll find no shortage of people happy to do the job for you. Competition for tax returns has gotten so intense that tax-preparation companies are offering everything from free pizza to double-your-refund contests to get those 1040s in the door.
Prior years' information/links that are still relevant:
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