The IRS Audit Blog

Archive for September, 2006

Question: How do I fill out my 2009 W2 form? A new mother, new claims?

As a new mother, I am filling out a new W2 Form for 2009. What is the Child Tax Credit? How to I know I apply.
I have put
1 for line A (myself)
1 for line B (single and have only on job)
0 for line C (spouse)
1 for line E( number of dependents)
1 for line F (child or dependent care expenses)
and for G, Child Tax Credit, I don’t know if I will need to claim that one!
Could someone help me out. First time filling one out claiming this much. I usually put one, and that’s it.
Thank you, and please no negative responses on me being an idiot. I am not trying to have the IRS come after me for not filling it out right.

Answer: If you make under $61,000 for the year, you can put 2 on line G, giving you a total of 6. You might want to knock that total down to 5.

Tax Tip: Tax credit helps pay for higher education expenses

Here are the top nine things the IRS wants you to know about the American Opportunity Credit and how you can benefit from it when you file your 2009 taxes.

Tax Tips: Haiti Earthquake Donations – January 2010

Question: how can i get an 4506-t tax form from the irs?

i need to submit a copy of my tax return for financial aid purposes and i need to fill out the 4506-T along with some other forms. the problem is that the online copy of the form has text blocked out and is unreadable, (see link: http://www.irs.gov/pub/irs-pdf/f4506t.pdf )so where else can i get a paper copy?

Answer: The IRS allows you to order forms by mail. See the website below. They also have a number that you can call to order forms- 1-800-829-3676

Yet another try at foreclosure rescue

Under fire for the low number of people receiving long-term mortgage help, the Treasury Department on Thursday announced new guidelines that will require applicants to provide all paperwork before getting a trial modification.

Question: What IRS form number do you file when asking for tax forgiveness?

Hi, I just need to know what the IRS form number is when you’re filing to ask for tax forgiveness. Thanks in advance.

Answer: Start with Form 656-B, all 46 pages of it. http://www.irs.gov/pub/irs-pdf/f656b.pdf

Keep in mind that if there is ANY chance that you could liquidate everything that you own and make payments on an austerity budget for 5 years and clear the debt, any Offer in Compromise will be rejected.

Tax refunds owed to some physicians in underserved areas

Medical student loans repaid by certain state programs are no longer considered taxable income.

In foreclosure will I owe tax on forgiveness of debt