Archives for March 2010 | Small Office Home Office Tax Tips

Archive for March, 2010

Need to verify your $250 Economic Recovery Payment?

Mar 19, 2010 Income Taxes


Economic Recovery PaymentsHave questions about whether or not you received the $250 Economic Recovery Payment (ERP) in May, 2009?   Three different funding agencies are involved; Social Security Administration, Railroad Retirement Benefits or the Veterans Administration.  You will be required, for security reasons, to authenticate who you are.  Have your social security number, your date of birth and zip code (the one you used on your tax return) available.  You can either call 866-234-2942 and select #1 for the ERP question or use a web-based version of the information provided on the phone is available at:

http://www.irs.gov/individuals/article/0,,id=219514,00.html

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A new IRS.gov section for the unemployed…

Mar 16, 2010 Tax Strategies


For Tax Return/Account TranscriptsAre you unemployed or struggling with personal finances?  There is a new informational section on the government website, IRS.gov, that has information and web links to tax-related resources, tax assistance information, and suggestions that could help you through these difficult financial times. The Tax Center to Assist Unemployed Taxpayers has been created to offer advice, free publications, links to sources for tax planning, tax settlement plans, offers in compromise, etc. as well as other relevant topics for which you need planning information. There are also links to videos, health insurance information, and other IRS publications covering topics like bankruptcy, cancellation of debt income, and bartering income. Get information directly from the “horse’s mouth” rather than your well-intentioned neighbor or friend.

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Avoiding Tax Penalties

Mar 16, 2010 Tax Strategies


The IRS wants you to know about penalties if you don’t file your 2009  tax return by April 15, 2010.  The government website’s newsroom offers the following advice:

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