Tag Archive: taxes

Apr 01

Doling out money: IRS has $760 million for people who have not filed a 2010 tax return

Refunds totaling almost $760 million may be waiting for an estimated 918,600 taxpayers who did not file a federal income tax return for 2010, the Internal Revenue Service announced today. However, to collect the money, a return for 2010 must be filed with the IRS no later than Tuesday, April 15, 2014. The IRS estimates …

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Permanent link to this article: http://www.easttexasreview.com/doling-out-money-irs-has-760-million-for-people-who-have-not-filed-a-2010-tax-return/

Mar 16

Do not forfeit past tax refunds

Does this sound familiar? A few years back your yearly earnings were pretty low so you figured you wouldn’t owe any income tax. Thus, when April 15 rolled around the following year you didn’t bother filing a tax return, knowing you wouldn’t be penalized. Big mistake. Even if your income fell below the threshold at …

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Permanent link to this article: http://www.easttexasreview.com/do-not-forfeit-past-tax-refunds/

Mar 12

Can someone please cancel this pity party for the rich?: Billionaire Tom Perkins wants you to feel the pain of those poor 1-percenters.

The über rich are full of ideas. Not ideas to help humanity, unfortunately. They’ve thought up new ways to help themselves grab more money and power at our expense. Take Tom Perkins. He’s one of a growing number of the put-upon rich — billionaires who grabbed a fabulous fortune by hook or crook but now …

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Permanent link to this article: http://www.easttexasreview.com/can-someone-please-cancel-this-pity-party-for-the-rich-billionaire-tom-perkins-wants-you-to-feel-the-pain-of-those-poor-1-percenters/

Mar 04

Self-employed:Don’t forget tax-filing tips

Calculating income taxes is a royal pain, even when your situation is uncomplicated enough that you can file a 1040EZ Form. And if you’re self-employed, be prepared for extra layers of complexity.Not only must you file an annual return with numerous additional forms and schedules, you’re also responsible for paying quarterly estimated taxes, which can …

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Permanent link to this article: http://www.easttexasreview.com/self-employeddont-forget-tax-filing-tips/

Feb 05

Lone Star State: Maximize Deductions

   Whether you are an individual taxpayer or a business owner, plan to make the most of your deductions by keeping good records during the year. Since the tax year officially begins in January, there’s no better time to start.    Whether you are an individual taxpayer or a business owner, plan to make the …

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Permanent link to this article: http://www.easttexasreview.com/14234/

Jan 12

Retirement plan limits unchanged

Anyone who’s bought groceries, filled their gas tank or paid insurance premiums recently would probably be surprised to learn that, according to Department of Labor’s Consumer Price Index for Urban Consumers (CPI-U), the rate of inflation is relatively flat – only 1.2 percent from September 2012 to September 2013. That’s bad news for people who …

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Permanent link to this article: http://www.easttexasreview.com/retirement-plan-limits-unchanged/

Jan 04

Lone Star State: Tax season looms

Wise taxpayers may want to take advantage of winter months indoors to prepare for tax filing season this spring. Whether you are a small business owner, a retiree, or a new parent, here are some Social Security tax tips that may help you. Are Social Security benefits taxable? Yes, for some people with higher incomes. …

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Permanent link to this article: http://www.easttexasreview.com/lone-star-state-tax-season-looms/

Dec 23

Lone Star State: Ring in year with COLA

Many people ring in the new year with Champagne. People who receive Social Security or Supplemental Security Income (SSI) get to ring it in with a COLA. This year, more than 60 million Americans are receiving a 1.5 percent cost of living adjustment (COLA) in their monthly benefit payment. The 1.5 percent COLA begins with …

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Permanent link to this article: http://www.easttexasreview.com/lone-star-state-ring-in-year-with-cola/

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