Tag Archive | "2008 tax returns"

New law extends net operating loss carryback for small businesses; IRS to ensure refunds paid timely

WASHINGTON, DC — The Internal Revenue Service announced today that small businesses with deductions exceeding their income in 2008 can use a new net operating loss tax provision to get a refund of taxes paid in prior years. To accommodate the change in tax law, the IRS today updated the instructions for two key forms […]

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IRS: Taxpayers filing earlier, banking larger refunds in 2009

WASHINGTON, DC — Taxpayers are filing earlier and receiving larger refunds so far this year, according to early filing season statistics released today by the Internal Revenue Service. As of Feb. 27, 2009, the IRS had received 56 million individual tax returns, a slight increase over the previous year. And, the average individual refund was […]

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Ivy Tech students provide free tax filing assistance

LAFAYETTE, Ind. — IRS-certified Ivy Tech accounting students will provide free tax help to qualified income tax filers now through April 11. Tax assistance will be available Ivy Hall Room 2337 located on the Ivy Tech campus at 3101 S. Creasy Lane in Lafayette. Tax filers must make an appointment by calling 269-5848. Times are […]

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IRS E-File opens for 2009 with new features to expand taxpayer access, help speed refunds

WASHINGTON, DC — The Internal Revenue Service today announced the Jan. 16 opening of an expanded IRS e-file program for 2008 federal tax returns, highlighted by new features that will allow expanded access to electronic filing and help people looking for faster refunds. IRS Commissioner Doug Shulman encouraged taxpayers to explore e-file this year as […]

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IRS offers help to financially distressed taxpayers

WASHINGTON, DC — The Internal Revenue Service today kicked off the 2009 tax filing season by announcing a number of new steps to help financially distressed taxpayers maximize their refunds and speed payments while providing additional help to people struggling to meet their tax obligations. IRS Commissioner Doug Shulman encouraged taxpayers to take advantage of […]

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