Tag Archives: IRS

How to Survive the IRS Collection Process

The Internal Revenue Service’ Collection Process begins with this mission “Provide America’s taxpayers top quality service by helping them understand and meet their tax responsibilities and by applying the tax law with integrity and fairness to all”. If we’re going to digest every word from this statement of commitment, people who are going through financial […]

New IRS Form 8949, Sales and Other Dispositions of Capital Assets, for 2011

The IRS introduced a new form for 2011 – form 8949, Sales and Other Dispositions of Capital Goods. Schedule D-1, which was previously part of a continuous income statement that used to report individual transactions, has been deleted and Schedule D has been revised to serve as a summary of capital gains and losses. As […]

What to Do If You Haven’t Received Your Tax Refund

According to the IRS, if you send in a paper return that is complete and accurate you should receive your refund check in six to eight weeks. If you file electronically you should have your refund in three to four weeks, and if you request direct deposit your refund could be in your bank account […]