Tax Tip of the Week

Eligible taxpayers who contracted to buy a home, qualifying for the first-time homebuyer credit, before the end of April now have until Sept. 30, 2010 to close the deal, according to the Internal Revenue Service.

The Homebuyer Assistance and Improvement …

Getting married this summer? Wondering how you should file, or need help filling out a W-4 with your new marital status? Call or stop by your locally-owned Taxman, open year round! Summer Hours: Mon – Thurs 8am – 5pm.…

Did you maximize the credits or deductions you were eligible for? Let Taxman review your prior year returns for FREE! Still need to file? Received a notice from the IRS? Need to amend for the First Time Homebuyer’s Credit? Don’t …

It’s that time of year! Are you working on a summer home improvement project? If so, don’t forget that many energy efficient improvements including adding insulation, energy efficient exterior windows and doors, and energy-efficient heating and air conditioning systems are …

The IRS will host a special nationwide Open House on Sat May 15 from 9am – 2pm to help small businesses and individuals solve tax problems. “Our goal is to resolve issues on the spot so small businesses and individuals …

Didn’t file? Now what? If you owe taxes and didn’t file your tax return or request an extension by the April 15 deadline, you may face interest on any unpaid federal taxes you owe and a failure-to-file penalty. The IRS …

April 15th is right around the corner, but there is still time to file your 2009 taxes! Not quite ready? The IRS encourages all extensions be filed by April 15th. An extension gives taxpayers until Oct. 15 to file the …

With the economy, many people unfortunately found themselves unemployed at some point this past year. Did you know that one benefit of The American Recovery and Reinvestment Act of 2009 is the first $2400 of unemployment income per person is …

What deduction do millions of taxpayers who claim the standard deduction miss? A newer rule allows homeowners who don’t itemize to boost their standard-deduction amount by up to $500 if they’re single and up to $1,000 if they’re married and …

Did you purchase a new vehicle between 2/17/09 and 12/31/09? Even if you do not itemize, you may be able to deduct the state or local sales or excise taxes paid on the purchase of new cars, light trucks, motor …