Category Archives: Taxes
Some Employees May Have to Pay Stimulus Money Back
Remember that stimulus package the government enacted back in February? Well, apparently Uncle Sam got a little too generous. It’s just been announced that up to 15 million taxpayers could owe some of that stimulus money back next year. Why? Under the Making Work Pay tax credit, most working Americans had less withheld on their… Read More »
Taxpayers Could Owe Stimulus Money Back to Government
I guess Uncle Sam never learned that it’s not polite to take back a gift. Recently it was announced that up to 15 million taxpayers could owe money from a tax credit back to the government come tax season. So what happened exactly? Under the Making Work Pay part of the stimulus package, employed Americans… Read More »
Don’t Wait Until It’s Really Too Late To File Taxes
Yes, I know that April 15 has long come and gone. But 11 million taxpayers requested a six-month extension for their 2008 taxes, which means that – for many Americans – the real do-or-die deadline is this Thursday. With money tighter than ever, it’s understandable that so many of us are wracking our brains, trying… Read More »
Tax Extension Filing Date This Thursday
What’s the only thing worse than not paying your taxes? Not filing at all. This Thursday, Oct. 15 is the final deadline for the whopping 11 million U.S. taxpayers who filed for an extension on their 2008 return. With the economy still down in the dumps, many folks haven’t seen an anticipated improvement in their… Read More »
Chicago Bankruptcy Lawyers Warn of IRS Tax Audit Increase to Cover Debt
Uncle Sam is in a bind – and he might require your help. To aid the federal government in covering its $1 trillion dollar deficit, the IRS has ramped up its focus on individual workers, small business owners and the self-employed in the form of “soft letters” and tax audits. If you haven’t reported all… Read More »