IRS

Can't Afford to Pay the IRS?

Posted 2 years ago by Troy Hadley

Filed Under: Taxes

Even though I have a couple of extra days to file my tax returns this year, I won't be able to come up with enough to pay the IRS what I owe.

The age old question about paying now or later came to a head for me this year, when I chose the "pay later, and invest your money in a high-interest savings account in the meantime" strategy, but forgot to actually save the money. So, I owe Uncle Sam a few grand. Only I don't have a few grand.

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Ring. Ring. Ka-ching! Lying About Your Telephone Tax

Posted 2 years ago by Troy Hadley

Filed Under: Taxes

I haven't had a landline in years. I'm dead serious. Years.

So, I was bummed to hear that this year, the "sorry you were cheated initially when we taxed you too much" refund that we get back is for long distance telephone service.

Apparently, Americans who paid for long distance calling plans were cheated or something. By Ma Bell? Or the Baby Bells? Uncle Sam in conjunction with the Bell Family? It doesn't matter now. What matters is that, when you file your taxes this year, you can get back between $30 and $60, depending on the number of exemptions you claim.

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$10 billion tax refund for long distance phone

Posted January 25, 2007 - 19:18 by Greg Go

Taxes

If you paid for long distance phone service in the last 3 years, you are eligible for a refund of the U.S. federal taxes paid on that service. The government estimates that up to $10 billion will be refunded to consumers.

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Charitable giving - get a receipt

Posted 2 years ago by Andrea Dickson

Filed Under: Taxes

Gimme

Here's hoping that I get this right - according to the IRS and NPR, new provisions are going into effect next year that will change the requirements for receiving a deduction on your taxes for charitable donations. The story that I heard on the radio referred most to donations to religious institutions, but it probably relates to other giving as well.

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