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
If you use your vehicle for business, employment, charitable, or medical purposes, please fill out the attached auto expense worksheet and submit it with your tax information. This information is required in order to complete your tax return: Mileage Rates: Standard Mileage Rates for 2007 The standard mileage rate for all business miles has increased to …
Massachusetts residents: Form 1099-HC 20) Forms W-2 for wages 19) Forms 1099-INT for bank interest 18) Forms 1099-DIV for dividends 17) Forms 1099-G for unemployment compensation 16) Forms 1099-G for state tax refunds 15) Forms 1098-E for student loan interest paid 14) Forms 1099-MISC for self employment income 13) Information regarding gambling winnings and losses …
On December 20, President Bush signed the Mortgage Forgiveness Debt Relief Act of 2007 [HR 3648]. The legislation is aimed to help homeowners who are facing foreclosure on their principal residence. The new law excludes from income the cancellation of up to $2 million in debt related to any discharge of qualified acquisition indebtedness on …
Today IRS announced that filing will begin on time for all filers, except those AMT filers using the following forms: Form 8863, Education Credits. Form 5695, Residential Energy Credits. Form 1040A Schedule 2, Child and Dependent Care Expenses for Form 1040A Filers. Form 8396, Mortgage Interest Credit. Form 8859, District of Columbia First-Time Homebuyer Credit. …