Written by Hillsboro Free Press Tuesday, 06 January 2009 14:09Each year, more Americans choose to file their taxes online due to convenience, faster turn around on refunds and more accurate returns.
In fact, the Internal Revenue Service reported that more than 86 million taxpayers filed taxes online during the 2008 tax-filing season, a 12 percent increase from the previous year.
While e-filing continues to grow in popularity and hard copy returns become a thing of the past, Americans still send and receive a large quantity of confidential information on paper documents. W-2 forms, old pay stubs and investment information—all can leave you vulnerable to identity theft.
Last year alone, identity theft affected nearly 8.1 million Americans, amounting to $45 billion in monetary losses, according...
Written by Malinda Just Wednesday, 05 March 2008 14:14Taxpayers who meet income guidelines can get their taxes completed and e-filed for free with Mid-Kansas Community Action Program of Marion County.
Assistance will be provided until mid-May for basic and intermediate tax returns for taxpayers with a yearly income of $35,000 or less.
But, according to Lynn Unruh, community services coordinator for MIDCAP of Marion County, the income requirement is a “gray line.”
“If someone makes a little over that, I’m not going to turn them away because the IRS (Internal Revenue Service) really wants people to e-file,” Unruh said.
The tax-preparation assistance, provided by appointment only, helps low-income taxpayers find needed tax breaks and deductions.
“(MIDCAP’s) mission is to...
Written by Malinda Just Monday, 31 December 2007 04:22Less than two weeks ago, Congress had yet to pass a “patch” that would allow millions of taxpayers to avoid filing an Alternative Minimum Tax in addition to their regular tax forms.
Last Wednesday, however, Congress passed the AMT patch that raised the qualifying gross income minimum from $45,000 to a little more than $60,000. And while the crisis is past for this year, Congress’ late action will potentially delay refunds across the country, according to tax preparers.
If the patch had not been passed, it would have opened “a whole new range of people potentially that would be affected by it,” said Bryce Wichert, a certified public accountant and owner of Accounting & Financial Initiative LLC in Hillsboro.About the...
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