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Is Your Unclaimed Tax Refund Among the $1 Billion Being Held by the IRS?

Chris Chaberski — Thu, 14 Mar 2013 20:23:29 +0000

There are still a few weeks left to file your 2012 tax return, but April 15 of this year marks another important deadline for taxpayers: it's your last chance to file for a refund on your 2009 taxes.

The Other Winner of That Big Powerball Prize? The I.R.S. — Dollars and Sense

Chris Chaberski — Sun, 02 Dec 2012 19:27:52 +0000

On Wednesday, the Powerball lottery reached a record $587.5 million. So far two winning tickets have been announced, one in Arizona and one in Missouri. But there's at least one more guaranteed winner: the Internal Revenue Serv

Wondering Where Your Tax Refund Is? Don't Check With the IRS

Kathy Landin — Fri, 17 Feb 2012 14:58:21 +0000

If you filed your taxes electronically, you may be wondering where your refund is. And, if you visited the IRS website’s “Where’s my refund?” page, you may have been given an error message that says the IRS has no information about your return.

How To File an Extension For Your 2010 Taxes

KEAN 105.1 Staff — Mon, 18 Apr 2011 17:36:13 +0000

Because of Emancipation Day, a little known Washington D.C. holiday that this year is being celebrated on April 15, US taxpayers had until April 18 to file their taxes.

For some people that still won't be enough time to get all their papers in order. If you find yourself in that boat, you can file for an extension with the IRS.

It's important to remember that filing an extension doesn't extend the due date for any money you owe the IRS, and you will have to pay interest and possibly penalties on any money you send to the government after the April 18 deadline.

Read on for advice, from the IRS website, on who should and shouldn't file for an extension.

Five Forbidden Tax Deductions

KEAN 105.1 Staff — Wed, 13 Apr 2011 01:55:18 +0000

One of the few joys of tax preparation is making deductions and watching your bill from Uncle Sam get lower and lower. Here’s a list of five expenses that might be tempting to deduct, but are strictly forbidden by the IRS. 1. First Land Line If you happen to be one of the increasing number [...]

5 Helpful Tips for a Successful Tax Return

KEAN 105.1 Staff — Sat, 09 Apr 2011 23:49:46 +0000

It’s tax time! It can get overwhelming to file all alone. Here are a few resources that might help.
The IRS Website
The IRS’s website, while written in legalese, is the ultimate guide to everything you’ll need to know about your taxes. Here, you can download tax forms and find out which items are deductible. The site is a valuable resource if you’re filing your own taxes.

5 Great Ways to Spend Your Tax Refund

KEAN 105.1 Staff — Fri, 08 Apr 2011 16:45:32 +0000

It’s tax season, but that also means it's tax return season, too. In 2010, the average return was $3,036. That’s a lot of money to get at one time. With all that extra cash, you might be asking yourself, "How should I spend it?"

Here are few ideas.

Seven Celebrities Who Cheated on Their Taxes

Rudy Fernandez — Fri, 01 Apr 2011 20:02:34 +0000

With tax day just around the corner, the IRS is readying itself to spot this year's round of tax evaders. Given the lack of impulse control and sense of entitlement among the celebrity set (we're looking at you, Charlie Sheen), it should be no surprise that the famous and the powerful are among the worst tax cheats out there. Here are seven celebrities who didn't pay the tax man, and ended up paying the price: