http://myfederaltax.com The most comprehensive blog focused on the United States tax system. Wed, 12 Nov 2008 12:00:07 +0000 http://backend.userland.com/rss092 en The Internal Revenue Service is looking for taxpayers who are missing more than 279,000 economic stimulus checks totaling about $163 million and more than 104,000 regular refund checks totaling about $103 million that were returned by the U.S. Postal Service due to mailing address errors. All a taxpayer has to do ... http://myfederaltax.com/the-irs-wants-to-give-you-back-your-money.html The regular refund checks that were returned to the IRS average $988. These checks are resent as soon as taxpayers update their address. Taxpayers can update their addresses with the "Where's My Refund?" tool on the IRS Web site. It enables taxpayers to check the status of their refunds. A taxpayer ... http://myfederaltax.com/wheres-my-tax-refund.html It is crucial that taxpayers who may be due a stimulus check update their addresses with the IRS by Nov. 28, 2008. By law, economic stimulus checks must be sent out by Dec. 31 of this year. The undeliverable economic stimulus checks average $583. The "Where’s My Stimulus Payment?" tool on ... http://myfederaltax.com/wheres-my-stimulus-payment.html If you bought a home recently, or are considering buying one, the following questions and answers may help you determine whether you qualify for the First-Time Homebuyer Tax Credit. Q. Which home purchases qualify for the first-time homebuyer credit? A. Only the purchase of a main home located in the United States ... http://myfederaltax.com/frequently-asked-questions-about-homebuyer-tax-credit.html First-time homebuyers should begin planning now to take advantage of a new tax credit included in the recently enacted Housing and Economic Recovery Act of 2008. Available for a limited time only, the credit: Applies to home purchases after April 8, 2008, and before July 1, 2009. Reduces a taxpayer’s tax bill or ... http://myfederaltax.com/tax-credit-for-homebuyers-must-be-repaid-to-irs.html If you haven't yet filed a tax return to get your stimulus payment, you still have time to do so. But you must file by Oct. 15 to get your payment this year. http://myfederaltax.com/file-by-october-15-to-receive-your-stimulus-payment.html Don't become a victim of this new scam, preying on taxpayers interested in receiving their economic stimulus payments. If you receive an email supposedly coming from the IRS, keep this in mind. In this scam, a taxpayer receives an email pretending to come from the IRS which tells the recipient ... http://myfederaltax.com/avoid-irs-scams-economic-stimulus.html Every year, the Electronic Tax Administration Advisory Committee (ETAAC) presents recommendations tax process improvements to Congress in June. The 14-member ETAAC provides an organized public forum for discussion of electronic tax administration issues and the overriding goal that paperless filing should be the preferred and most-convenient method of filing ... http://myfederaltax.com/recommendation-require-electronic-filing.html Form 990 is one of the most important tax filing reports for a charitable organization. On this form, charities and other non-profits must report the entirety of their fiscal operations. The forms are available to the public for review by investors and prospective contributors. The IRS will be redesigning the ... http://myfederaltax.com/form-990-redesign.html In many cases, taxpayers meeting certain qualifications are able to file income tax returns online for free. This is a program sponsored by the IRS but usually well hidden from the public. Many of the free file options have income requirements, so choose carefully to ensure that you won't ... http://myfederaltax.com/file-your-taxes-for-free.html