IRS Offers After Tax Season Tips

MOUNTAINSIDE  – “New Jerseyans who have already filed their federal tax returns may still have questions,” New Jersey’s IRS Spokesperson Gregg Semanick said.  “Here’s what you need to know about your refund status, mistakes and what to do if you move or owe the IRS.”
Where’s My Refund?
You can go online to check the status of [...]

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Special Tax Break Available for New Car Purchases This Year

MOUNTAINSIDE — The Internal Revenue Service recently announced that taxpayers who buy a new passenger vehicle this year may be entitled to deduct state and local sales and excise taxes paid on the purchase on their 2009 tax returns next year.
“For those thinking about buying a new car this year, this deduction may give them [...]

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Tax Tip Of The Day: Tax Benefits For The Disabled

By Gregg Semanick-New Jersey’s IRS Spokesperson
There are several tax credits and benefits available to qualifying taxpayers with disabilities as well as to the parents of disabled children. For information on tax credits and benefits available to the disabled, see Publication 3966, Living and Working with Disabilities, or Publication 907, Tax Highlights for Persons with Disabilities, [...]

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Tax Tip Of The Day: Where’s My Refund?

By Gregg Semanick-New Jersey’s IRS Spokesperson
If you already filed your federal tax return and are due a refund, you can check the status of your refund online at www.irs.gov using the “Where’s My Refund?” feature. If you do not have internet access, you can check the status of your refund by calling the IRS Refund [...]

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Nine Reasons To Not Procrastinate On Your Tax Return

Federal tax returns are due about one month from now. Have you sent yours in?
No? Well, the National Society of Accountants (NSA) has three words for you: “Git R Done!”
The Internal Revenue Service (IRS) reports that many people already have. In fact, the IRS said that as of February 27, 2009, it had received 56 [...]

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Tax Tip Of The Day: Keep Good Tax Records

By Gregg Semanick-New Jersey’s IRS Spokesperson
You can avoid headaches at tax time by keeping track of your receipts and other records throughout the year. Good recordkeeping will help you remember the various transactions you made during the year, which in turn may make filing your return a less taxing experience. Remember, good recordkeeping will ensure [...]

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Avoiding A Tax Audit

All taxpayers dread the prospect of facing an Internal Revenue Service audit. According to the New Jersey Society of Certified Public Accountants (NJSCPA), there are some steps you can take to minimize the likelihood that you’ll be audited or ensure a more positive experience if you are.
What’s It All About?
In an audit, the IRS contacts [...]

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Tax Tip Of The Day: Watch Out For Tax Scams

By Gregg Semanick-New Jersey’s IRS Spokesperson
During this time of year, tax scammers are prevalent. Remember, the IRS does not send out unsolicited e-mails to the public. Do not respond or open any attachments for e-mails received claiming to be the IRS. Forward the bogus e-mail to phishing@irs.gov for further investigation.
For more information on IRS tax [...]

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Tax Tip Of The Day: Consider An IRS Career

By Gregg Semanick-New Jersey’s IRS Spokesperson
If you are looking for a new job or a career change, consider the IRS. No matter what your professional specialty, the IRS offers a variety of full-time careers or seasonal job opportunities. You can get information about careers, benefits, training and life at the IRS in the “Careers” section [...]

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Tax Tip Of The Day: Gambling Winnings Are Taxable

By Gregg Semanick-New Jersey’s IRS Spokesperson
Gambling winnings are taxable and must be reported on your tax return. Gambling income includes winnings from lotteries, raffles, horse and dog races and casinos, as well as the fair market value of prizes such as cars, houses, trips or other noncash prizes. If you itemize deductions, you can deduct [...]

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Tax Tip Of The Day: To Itemize Or Not To Itemize?

By Gregg Semanick-New Jersey’s IRS Spokesperson
Whether to itemize deductions on your tax return depends on how much you spent on certain expenses last year. Money paid for medical care, mortgage interest, taxes, charitable contributions, casualty losses and miscellaneous deductions can reduce your taxes. If the total amount spent on those categories is more than the [...]

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IRS Has $1.3 Billion for People Who Have Not Filed a 2005 Tax Return

By Felix Ramirez, The Tax Group
This headline was just received from the IRS. According to the note from the IRS, “Unclaimed refunds totaling approximately $1.3 billion are awaiting over a million people who did not file a federal income tax return for 2005, the Internal Revenue Service announced today. However, to collect the money, a [...]

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Tax Tip Of The Day: IRS Provides Tax Assistance on Saturday, March 21

By Gregg Semanick-New Jersey’s IRS Spokesperson
The IRS offices located in Newark, Jersey City, Paterson, Trenton and Cherry Hill will be open on Saturday, March 21, from 9 a.m. to 2 p.m. to assist taxpayers with tax questions, tax issues and prepare basic tax returns. IRS staff will prepare basic tax returns for those who qualify [...]

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Tax Tip Of The Day: IRS Has $43.8 Million In Unclaimed Refunds For New Jerseyans

By Gregg Semanick-New Jersey’s IRS Spokesperson
Unclaimed refunds totaling approximately $43.8 million are awaiting over 41,000 New Jerseyans who did not file a federal income tax return for 2005. To collect the money, a return for 2005 must be filed with the IRS no later than April 15, 2009. If a return is not filed to [...]

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Tax tip of the Day: Visit IRS.gov Web site

 Gregg Semanick-New Jersey’s IRS Spokesperson
IRS.gov provides a wealth of information.  You can access tax forms and publications; learn about electronic filing; check the status of your refund; calculate the amount of withholding on your W-4; and, request an online payment agreement.   You can even get information about a career with the IRS.  Best of [...]

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