by Leif Jensen | Mar 27, 2011 | General |
Depreciation rates for autos put in use in 2011 does not change from 2010: The first year cap is $11,060 for new cars and $3,060 for used cars. The second and third year limits are $4,800 and $2,850, respectively. The ceiling in all subsequent years is...
by Leif Jensen | Mar 19, 2011 | General |
Below is a posting from the IRS website, regarding the 2010 Data book. This is a summary of the IRS activities for their past fiscal year. It is interesting what they are claiming as a success, such as the amount of electronic filings. This has been a mandate in...
by Leif Jensen | Mar 14, 2011 | General |
The NFL owners have been stock piling money and have enough to cover a non-existent 2011 season. I doubt the all the players are in as good a shape as the owners. Bob Batterman, the lead outside counsel for the NFL, stated that the league expects to hold a 2011...
by Leif Jensen | Mar 14, 2011 | General |
If you are curious as to when you will get your federal income tax refund you can go the IRS website http://www.irs.gov Then go to the tab Where’s My Refund? You’ll need to provide the following information from your tax return: * Your Social Security Number (or...
by Leif Jensen | Mar 14, 2011 | General |
The IRS has launched a new app for smart phones IRS2GO. This will assist in checking on the status of your refund and tax information as well as e-mails of changes in the tax code. The IRS is trying to reach out to assist taxpayers through more than just traditional...
by Leif Jensen | Mar 7, 2011 | General |
IRS interest rates will be rising by a percentage point as of April 1, 2011. On overdue taxes, IRS will charge 4% for individuals. The rate will be 6% on corporations that owe more than $100,000. On refunds, IRS will pay 4% to individuals and 3% to corporations. For...
