IRS Says Taxpayers do not take advantage of some tax
IRS Says Taxpayers do not take advantage of some tax
The Internal Revenue Service has announced that they are 5 refunds, credits or services which the taxpayer is often overlooked:
Telephone Excise Tax Refund This is a one-time refund of long distance excise on 2006 tax returns. The refund applies to charges made from March 2003 until July 2006 into account. The IRS offers a standard refund of $ 30 to $ 60, taxpayers can calculate the taxes actually paid. Even if the taxpayer normally not must file a tax form 1040ez-t-il file can be used to request reimbursement. Businesses and organizations can request is also exempt.
IRS Free File Nearly 20 companies offer free electronic filing for taxpayers whose adjusted gross income in 2006 was $ 52,000 or less. This means that 70 percent of all taxpayers, 95 million people the opportunity to take advantage of the IRS-sponsored Free File program. A link to Free File offer is in the IRS.gov home page.
Labor income> Tax credit earned income from lower to 39,000 $ in 2006, may require a taxpayer is entitled to the Earned Income Tax Credit to. This credit can be worth up to $ 4536 When the EITC exceeds the amount of taxes due, resulting in a tax refund for those who qualify and apply for credit. To qualify, taxpayers must meet certain requirements and file a tax return, even if they do not earn enough to be required to submit a tax return. A special electronic system"EITC Assistant" is available on IRS.gov, to determine whether they come from the taxpayers concerned. Taxpayers can more information about this credit by visiting IRS.gov and click to go to "Central 1040".
Free Tax Help Tax help sites in libraries, churches, community centers and other venues by volunteers will be trained. Taxpayers who earned less than 39,000 $ and file a simple tax return can call 1-800-829-1040 to findthe nearest Volunteer Income Tax Assistance Program site. In addition, older people may take advantage of IRS tax free program for the elderly to participate, 1-800-829-1040, or by AARP Tax-Aide counseling program at 1-888-227-7669.
Unclaimed Refunds Refunds totaling approximately $ 2.2 billion to wait Failed to about 1.8 million people, is a federal tax return for 2003. To collect the money, a returnfor the year 2003 must not be submitted no later than April 17, 2007. The IRS estimates that half would be those who could apply for refunds, receive more than $ 611 too much. In some cases, individuals had to withhold taxes on wages, or payments against their taxes themselves non-profit, but has received far too little income to require the submission of a tax return.
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