Trivia Time: Win Free Tax Software During Tax Season – Taxgirl via Forbes
Yep, it’s that time of year: free tax software! I have 20
access codes for free eSmart Tax online tax prep software to give away to
taxgirl readers, thanks to the good folks at Liberty Tax Service. eSmart Tax is
Liberty Tax’s online tax filing service that provides taxpayers with a
convenient, easy-to-use tax filing system. Each code is good for online tax
preparation and filing for your 2012 tax return using eSmart Tax’s online tax
Where's My Refund? site swamped by impatient refund tracking taxpayers –
Don’t Mess With Taxes
When I heard earlier today that the Internal Revenue Service
was experiencing an inordinately large number of visitors to its online tax
refund tracking tool, I shared the news via Twitter and Facebook.
And in my usual smart-alecky way, I just had to quip that,
"I'm sure the rush on the IRS' Where's My Refund? page is directly tied to
my Bankrate tax tip earlier this week. ;-D"
Tax Credit Delays – Our Taxing Times
It seems the IRS has delayed some returns with the Form 8812
Child Tax Credit due to the taxpayers incorrectly filling out Part I.
Part I is completed only when there are children on the
return with ITINs (Individual Taxpayer Identification Number). The IRS is
finding that some taxpayers are filling out Part I when their dependents have
SSNs not ITINs. Returns are also being delayed when Part I is not being
completed when there are dependents with ITINs.
taxes force more Americans to renounce their citizenship – RT
Angry about the latest tax hikes? Each year, thousands of
Americans pack their suitcases, rip up their US passports and move permanently
overseas to prevent Uncle Sam from taking their money.
In the first three quarters of 2012, more than 1,100
Americans renounced their citizenship and made their homes elsewhere, according
to the Federal Register. Available data does not yet include those who left in
the fourth quarter, but it is on track to surpass the 1,781 Americans who
relinquished their passports in 2011. And the number of Americans who ditched
the US in 2011 was seven times higher than those who left in 2008.
for online sales taxes picks up steam in Congress – Chicago Tribune
U.S. states could collect millions of dollars in online
sales taxes, with members of both parties in Congress sponsoring legislation
Thursday that would resolve states' decades-long struggle to tax businesses
beyond their borders.
Plan Keeps Divide on U.S. Taxes as Cuts Near – Bloomberg
Senate Democrats unveiled a $110 billion plan to delay
federal spending cuts that includes tax increases Republicans already say they
The plan announced yesterday would postpone the scheduled
March 1 start of more than $1 trillion in cuts until 2014. The automatic
reductions, known as sequestration, would be replaced with defense spending
cuts, a halt in direct payments to farmers and a tax increase imposing a
minimum 30 percent rate on top earners.