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| IRS extends tax filing deadline in 2011 to April 17th! | |
Jan 17, 2012 - 11:47 AM - by TaxGuru | 
This year, the deadline for filing your federal tax return is April 17. Taxpayers would be fortunate to get an extra two days to file because April 15 is a Sunday and April 16 is Emancipation Day, which is a legal holiday in the District of Columbia, which by federal law also affects federal tax deadlines in the same way as federal holiday's!
| | | | What is the lastest update on Temporary Payroll Tax Cut for 2012? | |
Jan 09, 2012 - 7:48 PM - by TaxGuru |
Per the IRS, "the temporary payroll tax cut has been extended to Feb. 29. Thus during this time, employees will enjoy a continued tax savings of 2% of wages withheld for Social Security, that is, from 6.2% to 4.2%."
Also, the Social Security wage base for 2012 is $110,100 up from $106,800 in 2011, representing an increase of about 3% from the prior year. This means that once a taxpayer's wages exceed this amount, Social Security will not be withheld however, there will... [Read More] | | | | Q. How do I prepare my payment when using the voucher? | |
Nov 28, 2011 - 11:11 PM - by TaxGuru |
Taxpayers are advised to make a check or money order payable to the United States Treasury. The IRS does not accept any cash!
Per the IRS, "If your name and address are not printed on your check or money order, print them so they can be easily read. Also, print your Social Security number (SSN), daytime telephone number, and "2010 Form 1040" on your check or money order. Double check to make sure that you have printed your SSN correctly and that it matches the one... [Read More] | | | |    
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