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IRS explains rebate shortfalls
The IRS says taxpayers may get a smaller tax rebate than expected because their total taxes due in 2007 were less than the maximum economic stimulus payments provided. The maximum payment is $600 per...
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IRS misses 350,000 tax rebates for kids
An additional 350,000 tax rebate checks will go out in July to parents whose initial economic stimulus payment failed to include $300 for each of their children under 17. The IRS blamed human error...
View ArticleCar donations plunge 67% in 2005
The IRS says a major change in the amount taxpayers can claim for donating cars to charity resulted in a 67% drop in auto donations in 2005. Prior to 2005, taxpayers could deduct the fair market value...
View ArticleFranchise Tax Board inundated after non-payment letters go out
The California Franchise Tax Board‘s already-jammed phone lines are being overwhelmed by taxpayers panicked about receiving notices that they failed to pay their taxes even though their checks...
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IRS offers help to financially strapped taxpayers
IRS officials say the agency is ready to help the many taxpayers who are facing extraordinary financial difficulties this year and unable to pay their taxes. Although taxpayers ultimately will still...
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Does Uncle Sam owe you $537?
The IRS is looking for 154,500 California taxpayers who are owed $144.6 million in federal income tax refunds for 2005. IRS officials estimate about half of these unclaimed refunds are for more than...
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Calif. tax refunds average $698
Californians are getting back an average state income tax refund of $698 in the first batch of checks that began going out earlier this month, reports the Franchise Tax Board. That’s up from an...
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IRS agent to plead guilty to tax cheating
An agent for the Internal Revenue Service has agreed to plead guilty to tax fraud for filing a false claim that he lost money on a real estate deal in which he actually turned a profit. Jim H. Liu,...
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IRS suspends California tax service provider
The IRS announced today it suspended Richard Hargus, who provided tax service as an enrolled agent in California. An enrolled agent is a person who is certified to practice before the IRS. Hargus...
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Tax returns due at midnight Wednesday
Tax filing day is upon us. You have until midnight Wednesday to file your 2008 returns or for an extension. Here are some last minute tips: O.C. Post Offices open late April 15: Santa Ana Processing...
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Warning! The tax man cometh Oct. 15
Anyone who hasn’t filed their 2008 income taxes must get them to the IRS and California Franchise Tax Board by Oct. 15. The state grants an automatic six-month extension to taxpayers who haven’t filed...
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Does the IRS owe you money?
The IRS owes nearly 1,400 Orange County taxpayers who it has lost track of refunds averaging $948. Every year the IRS puts out its list of unclaimed refunds in hopes the taxpayers will claim the...
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