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If you disagree with an IRS notice you receive, do not delay! Call the number listed on the notice to explain why it is in error.
| Military members in combat zones automatically receive a tax filing extension and can file up to 180 days after leaving the combat zone. |
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| # Owe taxes for 2007 and cannot pay the full amount? Pay what you can and request a payment agreement at www.irs.gov. |
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| Make sure you keep copies of your tax return as well as supporting documents for at least three years, in case of an IRS audit. |
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| Did you owe taxes for 2007? Get a large refund? Look at adjusting your W-4 so that you take home more money or pay enough taxes. |
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| Did you know? Limited electronic filing of income tax returns began in 1986. |
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| 1944 - Congress passed the Individual Income Tax Act, which created the standard deductions on Form 1040. |
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| In 1872, income tax was repealed, but in 1894, the Wilson Tariff Act revived the income tax. |
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| IRS doesn't request personal information through e-mail. If you receive this type of request, it may be a scam to get private information. |
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| Tax information for those affected by recent storms is available at http://tinyurl.com/2g697c=108362,00.html. |
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| If you suspect or know of an individual or company that is not complying with the tax law, report tax fraud crimes to the IRS. |
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| Quarterly estimated payments are due April 15th, June 15th, September 15th, and January 15th of the following year. |
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| Make quarterly estimated tax payments for self-employment taxes; this takes care of both income and social security taxes. |
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| The Mortgage Forgiveness Debt Relief Act will be available to homeowners with qualified debt forgiven in years 2007 to 2009. |
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| Mortgage Forgiveness Debt Relief Act applies to forgiven or canceled debt used to buy, build or substantially improve your home. |
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| The loss on the sale of a personal residence is a nondeductible personal loss. |
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| You may be able to exclude the gain on the sale of your home if you met the ownership and use tests, http://www.irs.gov/faqs/faq.... |
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| All domestic corporations must file returns, whether it had taxable income or not. |
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| You do not need a federal tax ID number if you form an LLC, are the sole owner and have no employees. |
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| IRS website has an Economic Stimulus Payment Calculator so you can figure out how much your rebate will be: http://www.irs.gov/app/espc/. |
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