2011 Tax Tips; Vol. 1 – Filing Deadline Extended to April 18
Tax Filing Deadline Extended to April 18th
Due to District of Columbia holidays which are considered Federal holidays the filing deadline has been extended to Monday, April 18th 2011 and extensions will also be extended to Monday, October 17th 2011. Continue Reading.
IRS to Delay Filing for Some Taxpayers
Most taxpayers will be able to submit their returns beginning January 14th when Electronic Filing begins. However, if you fall into any of these three categories your filing will be delayed and your tax return will not be accepted until Mid to Late February.
Taxpayers will need to wait to file if they are within any of the following three categories:
- Taxpayers claiming itemized deductions on Schedule A.
- Taxpayers claiming the Higher Education Tuition and Fees Deduction.
- Taxpayers claiming the Educator Expense Deduction
Delayed Returns to be Accepted by IRS February 14th
Due to late changes in the law the IRS has delayed the processing of certain returns. Though the return cannot be processed until the newly announced date of Monday February 14th, there is no reason to delay the preparation of your returns. Continue Reading.
FREE TAX RETURN
So what exactly is this Free Tax Return promotion all about? Well, that depends on which one you’re referring to…
H&R Block has a heavily advertised campaign that is offering a Free Tax Return and some are wondering how it is possible for them to offer such a thing. The trick is that the return will more often than not still cost the taxpayer something and is not likely to actually be “Free of Charge”. Continue Reading.
First-Time Homebuyers Credit and how it may affect your current tax return.
The First-Time Homebuyers Credit was a government initiative meant to increase the sale of homes in the United States. The credit has been offered for tax years 2008, 2009, and 2010. However there are some fundamental differences from year to year which may affect your current tax filing. Continue Reading.
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