The IRS Audit Blog

Archive for August, 2008

Question: Does IRS accept scanned documents for ITIN application?

Our home is very far from the IRS . Now, i thought of submitting the required documents for ITIN application in a formed of SCANNED DOCUMENTS BURNED ON CD. Anybody who have tried this, please tell me.

Answer: IRS will not even attempt to open your CD if you’d mail it in.

Your location from the IRS office has nothing to do with the format of the required documents. Mail them in.

IRS: More money for some deductions

People who do standard deductions will see more money in their tax returns this year.

Cracking The IRS Code – Time For The TRUTH – Part Two

Don’t get swamped by sea of tax changes this year

Prepare yourself for another taxing job. A host of changes – involving cars, houses, unemployment compensation and a whole lot more – will complicate preparing your 2009 federal income tax return.

Question: IRS Form 5405 Housing Credit?

Ok my wife and I are purchasing a home next month and know that we are qualified to receive the full $8000 tax credit. We have already filed our taxes this year as most people have. The question is do we just file the form 5045 when we purchase the house or do we have to wait until next year and file it with our tax returns.

Answer: File a 1040-X for your 2008 taxes. There is a good chance that it will not take the usual 8-12 week time frame. The IRS is watching for 1040-X returns that are being filed only to get the Housing Credit and is giving them priority status (to get the money into circulation ASAP as part of the Stimulus Bill).

Sorting through the home tax credit

By Carole Feldman, Associated Press If you bought a home in 2009, you could be eligible for a tax credit. Figuring out which one can be confusing.

$6500 Tax Credit – Tax Forms

Calendar

Submissions for “Community Calendar” are required two weeks preceding the date of publication. Send to: Mary Ann Bottari, Pioneer Press, 3701 W. Lake Ave., Glenview IL 60026; mbottari@pioneerlocal.com. Information may be faxed to (847) 486-7495.

The Gift of the Gun (Harry)

Tax Court Allows Deduction for Woman’s Sex Change

Tax court OKs deduction for Mass. woman’s sex change in potentially wide-ranging ruling Sex change – Massachusetts – Tax – Business – Accounting

Martha Coakley: Middle Class and Small Business Relief