The Federal Tax Credits Blog

Archive for the ‘IRS Credit’ Category

Question: Is Congress considering extending the first time home buyers credit thru 2011.?

Is there any chance that Congress is going to extend the first time home Buyers Tax Credit? What does the currently proposed extentions include? Thanks

Answer: yes, it is.

IRS sees increase in online filing

SPRINGFIELD – The IRS stopped mailing paper forms and instructional booklets this year as it pushed the trend toward more e-filing of tax returns and tax tips disseminated by apps for smart phones.

Extension of First Time Buyers Tax Credit

Homeowners reminded to file for tax credits

Homeowners who purchased high-efficiency appliances or made energy-efficient home improvements to their homes in 2010 may qualify for federal tax credits, and they should consider the steps needed to…

Question: can I pay my federal income taxes with a credit card?

what methods of payment are accepted by the IRS?

Answer: You can make credit or debit card payments through 3rd party services such as http://www.OfficialPayments.com . There are additional fees for paying this way. The IRS does not yet directly accept credit or debit card payments.

Treasury launches debit card pilot for tax refunds

NEW YORK (AP) — Low-income taxpayers who don’t have bank accounts will be able to get their tax refunds this year on prepaid debit cards supplied by the government, the Treasury Department said Thursday.

Tax Relief for Foreclosed Homeowners – IRS Cancellation of Debt Income

Time to start thinking about 2010 income tax filings

Many Americans will have to wait up to a month to file their 2010 tax returns this year.

Who Revived the Electric Car?

Question: more info when filing for the first time home buyers credit on 2009 taxes what info does the irs need?

what do i need to send with 1040

Answer: From what I understand they are willing to just take your word for it and no paperwork is necessary.

Dodging Repatriation Tax Lets U.S. Companies Bring Home Cash

At the White House on Dec. 15, business executives asked President Obama for a tax holiday that would help them tap more than $1 trillion of offshore earnings, much of it sitting in island tax havens.