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Medical Deduction for Meals and lodgings

Special rules apply to medical-care deductions for lodging expenses while away from home. As a general rule, meals and lodgings are deductible as medical expenses only if incurred in a hospital or similar institution.

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Uncovering Hubby's Hidden Assets

Divorces can be expensive, from fees for attorneys or expert witnesses to appraisals of homes, businesses or other assets. And the costs soar when couples take to the courts.

Joint-Return Rates for "Surviving Spouses"

The There is a special filing break for some widows and widowers. They may be entitled to the benefit of joint-return rates for two years after their mate dies. In the case of a return for tax year 2002, make sure to take advantage of this frequently-missed tax trimmer ... more

Interest rates for the first quarter of 2002

IRS lowered the interest rates by one point today for the upcoming winter; first quarter of 2002.

IRS Advises to plan ahead for saver's credit

The new tax credit, known as the Saver’s credit, targeting hard working individuals in the lower to mid-low income families that usually don’t take up too much interest in retirement savings, either because of the cost or the availability of their funds and how best to allocate them; most of the time, retirement savings is not on top of the list.

Fast track dispute resolution pilots

Through the innovative and expansive modernization effort, started within the IRS in the last decade of the last millennium and progressing well into the first decade of the new millennium, within the last five years, IRS has been able to establish better rapport with its clients, the taxpayers, and to communicate their problems better, has been able to come up with pilot programs to resolve any and all issues that the clients bring to the table.

New Tax Changes For Pension Plans Announced

IRS recently announced the sweeping changes made by the expansive tax bill, Economic Growth and Tax Relief Act of 2001 in a release no. IR-2001-115

2002 Standard mileage rates

With the rising costs of gasoline and the state of the economy as it is right now, the IRS has decided to increase the standard mileage rates for 2002.

Small businesses are offered relief

With the present economy in worst shape than it has been in the last sixty years and the state of mind of the American people still in mourning and recovery from physical and emotional scars, IRS realizing that some relief for the small businesses, hit especially hard by the present events, is most needed. (DEC 10TH, 2001)

IRS offers Tax Tips for Charitable Contribution in Wake of the Terrorist Attacks

The folks at IRS are pretty knowledgeable and year after year have tried to help the taxpayer sort out their problems in an efficient and productive manner.

Pay Your Federal Taxes Online Now

The heads of the IRS and Financial Management Service launched a new feature of their Electronic Federal Tax Payment System (EFTPS ), EFTPS-OnLine, which allows businesses and individuals to pay all federal taxes through a secure Web site.

National Problem Solving Day, November 3rd, 2001

For those of us busy during the weekdays to have our tax questions answered, the IRS has announced a Saturday, November 3, 2001, as the National Problem Solving day. “This is a special day for taxpayers who need help,” said IRS Commissioner Charles O. Rossotti.

Congress passes Economic and Security Recovery act of 2001

The bill aiming at boosting investment and helping the economy grow by instilling number of tax relief measures, passed the House by a vote of 216 to 214. We are well on our way down the road to economic recovery, boasted congressman Mike Pence of Indiana.

Protecting the Internet from Taxes: The Internet Tax Nondiscrimination Act of 2001

Congress passed this bill to protect E-commerce from taxation by increasing the moratorium on it for another two years.

Victims of Terrorism Relief Act of 2001

Congress has acted quickly in the face of an insurmountable emotional tragedy engulfing the nation to provide tax relief to those affected most, “any individual who dies as a result of wounds or injury incurred as a result of the terrorist attacks against the United States on September 11, 2001.”

Sept. 12th, 2001: IRS wants to assure taxpayers that tax relief is on the way

Still a little shaken and the sound of the Twin Towers crumbling to the ground in a concrete and steal heap still fresh as a minute ago in the mind, most Americans can’t think of anything else but those that were the victim of the most horrendous attack on the U.S. soil and their own personal safety.

IRS will defer back taxes for New Enlistees and Reservists called to Active Duty

Up to six months after the service ends, a soldier’s back taxes are deferred and they don’t accrue any interests or penalties. For officers the period is limited to two years. Members of Army, Navy, Air Force, Marine Corps, and Coast Guard covered under the Soldiers and Sailors Civil Relief Act of 1940 are provided with this benefit.

More Articles

IRS Reminder: Corporations are entitled to early tax refunds on estimated taxes paid
Establishment of a Toll Free Number to Answer Questions About the Disaster
IRS requests Social Security recipients to take care of their Federal Tax Debts
Congress Approves Expansion of the Archer Medical Savings Accounts (MSAs)
Businesses can ask IRS disaster questions
IRS expedites tax-exempt status of charitable organizations
Relief for victims of the terrorist attacks
IRS expedites Amended 2000 tax returns to claim refunds
IRS announces quarterly interest rates
Education IRA’s renamed “Coverdel Education Savings Accounts”

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