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Keyword: 2010taxes

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  • 50 million taxpayers must delay filing - IRS (Extension of Bush tax cuts came too late...)

    01/01/2011 3:32:23 PM PST · by RobinMasters · 45 replies
    CNNMoney ^ | DECEMBER 31, 2010 | David Goldman
    NEW YORK (CNNMoney) -- Itemize your tax deductions? Itching for a refund? You're going to have to wait. The IRS said that it needs until mid- to late-February to reprogram its processing systems because Congress acted so late this year cleaning up the tax code. The bill, which includes deductions for state and local sales taxes, college tuition and teacher expenses, wasn't signed into law until Dec. 17. The bill ensured that the federal income tax rates would not change, and itemized deductions will continue to be allowed in full for high-income taxpayers. As a result, the 50 million taxpayers...
  • Recordkeeping for 2009 Income Tax Return: The Time to Start is Now

    12/14/2009 8:31:14 AM PST · by usalady · 15 replies · 680+ views
    Associated Content ^ | December 13, 2009 | Martye
    If you are like most Americans, you won't start thinking about working on your income tax return until long after ringing in the New Year. However, if you want to avoid the stress of digging through an accumulation of bills and invoices to provide proof of income and/or expenses, the time to begin is now.