Cormier & Rea announce additional office at 483 Summer St, Ste 2000, Arlington, MA
Blog posts concerning Federal Income Tax tips, changes, updates, news and more
For all non-cash charitable contributions (used clothing, etc. to Salvation Army or other charities) the information needed to complete your tax return has been expanded. We now need: The date of the contribution, items donated and value, when you purchased them and your cost. Also required is the name and address of the donee organization. You will …
Congress and the president have assured taxpayers that a tax rebate is forthcoming. At this point, no one knows for certain the amount, when the rebates will be issued, and what the other tax incentives will be. Both the House and the Senate have approved differing versions of the stimulus package. The House-passed Recovery Rebates …
The state refunds for electronically filed returns are usually received within one week of filing. Federal refunds are usually received within 2 to 3 weeks of filing for direct deposit and 3 to 4 weeks if the check is mailed to you. the attached chart shows the federal schedule for this tax filing season: refund-cycle-chart.pdf …
On a recent Tax Talk Today program, Pamela Walker, Deputy Director of Submission Processing, indicated that the IRS would be implementing what it calls a paper-check conversion. The IRS will begin using a micro-reader for check processing which means that the tax payment will be immediately debited from the taxpayer’s account. Taxpayers who are used to …