tax

When Should You File Your Tax Return?

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When Should You File Your Tax Return?

It’s a routine affair for millions of US citizens to get ready every year by collecting their records and receipts for filing their federal income tax returns. Do you know when the first tax season got started? Let us have a look at this peculiar day of “April 15th” and see the reason behind it being selected as the tax day.

In the 1860s, under the presidency of Abraham Lincoln, income tax payments became mandatory. The Congress and the President jointly selected the Commissioner of the Revenue and formulated the federal income … Read more at 2009 Tax.

When Is The Best Time To Go For A Tax Return Filing?

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When Is The Best Time To Go For A Tax Return Filing?

Millions of US citizens get ready either for paying taxes or for collecting tax refund from the government by 15th of April each year; when exactly did this day become a great day for the taxpayers and when are the people expected to file their income tax returns? Let us see the history of the date “15 April” as the date for income taxes and why it got chosen.

In the early 1860s, under the reign of President Abraham Lincoln, the Americans were known to pay the first … Read more at 2009 Tax.

Donations to Haiti and their Tax Deductions

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Donations to Haiti and their Tax Deductions

The IRS has new rules designed to assist those making donations to Haiti in a relief effort after their recent earth quake. Your 2010 donations can be deductible in 2009 if you follow the guidelines provided. First, your donations must be going directly to aid the Haitian people affected by the natural disaster.

There is a specific window of time that your donations must be made in to be eligible. The start date is the day we first heard about the earthquake, January 11th, and the final date is March 1, 2010. Additionally, … Read more at 2009 Tax.

IRS Free File Is Available To Many

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IRS Free File Is Available To Many

In 2003 the IRS began a program to provide free e-filing options to US citizens that need to file tax returns. The program has been widely successful with over 20 different tax filing programs taking part and over 27 million tax returns filed with the program. Individuals wishing to take advantage of the program can select a tax preparation software package and file their return with the application. Or tax filers can use electronic versions of IRS forms and file directly with the IRS.

Just access the IRS.gov website and select a tax … Read more at 2009 Tax.