NEWSTALK 860 » IRS

Last-Minute Tax Tips: Filing an Extension, Payment Plans, What Happens if You Don't Pay

Chris Chaberski — Mon, 15 Apr 2013 18:55:41 +0000

Today, April 15, is Tax Day, and while most of you have filed your 2012 returns, surely some of you out there are going down to the very last minute ... or maybe even a bit beyond. Here are a few important reminders:

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IRS Warning — 12 Scams to Watch Out For This Tax Season

Chris Chaberski — Thu, 28 Mar 2013 16:21:07 +0000

The IRS has issued its annual warning about the "Dirty Dozen" schemes out there—ways that certain disreputable folks will try to steal your money or methods people use to hide financial information from the tax agency.

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Is Your Unclaimed Tax Refund Among the $1 Billion Being Held by the IRS?

Chris Chaberski — Thu, 14 Mar 2013 20:23:29 +0000

There are still a few weeks left to file your 2012 tax return, but April 15 of this year marks another important deadline for taxpayers: it's your last chance to file for a refund on your 2009 taxes.

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Taxes on Olympic Medals? Who Knew?

Jim Bell — Wed, 01 Aug 2012 17:05:43 +0000

We didn't know it either, but it's true. American athletes who win medals at the Olympics also get cash awards to go with the medal. The IRS says the medals and the cash are taxable income.
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Some Tips for Late and Last Minute Tax Filers

Jim Bell — Mon, 16 Apr 2012 16:31:12 +0000

The deadline for filing your federal income tax return is now in sight -- midnight Tuesday April 17th -- you can see it from here. It's time to "render unto Caesar."

If you haven't done any tax planning, learning that you have a big tax bill can be a huge surprise -- a shock to the system. And in some cases, it can be so big that many taxpayers can't pay it in full, right now.

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Wondering Where Your Tax Refund Is? Don't Check With the IRS

Kathy Landin — Fri, 17 Feb 2012 14:58:21 +0000

If you filed your taxes electronically, you may be wondering where your refund is. And, if you visited the IRS website’s “Where’s my refund?” page, you may have been given an error message that says the IRS has no information about your return.

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Three Extra Days to File Tax Returns. Thank Abe Lincoln

Jim Bell — Fri, 15 Apr 2011 13:37:12 +0000

April 15 - today -is normally the day for the midnight tax dash. But because of the observance of Emancipation Day in the District of Columbia, the dreaded deadline to file federal income taxes this year is Monday.
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Houston Man Learns Nothing is Free. Prize of "Free" Donuts is Taxable

Jim Bell — Tue, 15 Mar 2011 17:21:46 +0000

Here's something anyone who wins a prize worth more than $600 dollars needs to know. The Internal Revenue Service says it's taxable income, and you have to pay taxes on the value of the prize.
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