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Five Facts about Unemployment Benefits

March 11, 2014
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If you lose your job or your employer lays you off, you may be able to get unemployment benefits. The payments may be a welcomed relief. But you should know that they’re taxable. Here are five important facts from the IRS about unemployment compensation: 1. You must include all unemployment compensation in your income for the…

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2014 Filing Season Continues with Higher Refunds Issued

March 3, 2014
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WASHINGTON – The IRS today released 2014 tax filing season statistics showing that 15 percent more refunds were already issued this year, compared to 2013 figures. Additionally, the average federal refund totaled $3,211, an increase of $190 compared with the same period a year ago. The statistics issued today, covering the period through Feb. 14,…

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When Will I Get My Refund

February 27, 2014
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When Will I Get My Refund? Here’s a great video from the IRS which answers many common questions on when you can expect to get your refund.  Obviously the earlier you send in your returns the earlier you should expect your refund. If you are a client of Viridian’s please feel free to call or…

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IRS Tax Help ‘en Español’

February 25, 2014
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Tax information can be tough to understand, especially if it’s not in your first language. The IRS offers many free and easy-to-use products for taxpayers who speak Spanish. Here are eleven tips if you need federal tax help in Spanish. 1. Get answers 24/7.  IRS.gov/espanol has a wealth of tax information for individuals and businesses. You…

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Don’t Fall for the Dirty Dozen Tax Scams

February 24, 2014
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Every year, people fall prey to tax scams. That’s why the IRS sends a list of its annual “Dirty Dozen”. We want you to be safe and informed – and not become a victim. Taxpayers who get involved in illegal tax scams can lose their money, or face stiff penalties, interest and even criminal prosecution.…

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Filing Season 2014 Begins with More Returns Filed

February 18, 2014
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WASHINGTON — The IRS today announced that tax filings in 2014 have outpaced filings for the same time last year. As of Feb. 7, the IRS received 27.3 million returns, up 2.5 percent compared to the same time last year. Electronically filed returns account for almost 96 percent of those filed so far this year.…

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IRS Offers Options to Avoid the President’s Day Rush

February 13, 2014
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The President’s Day Holiday is one of the busiest times for IRS phone lines. But you can avoid the wait. The IRS has easy options to find the answers you need. To save time, taxpayers should make IRS.gov their first stop. Here are some of the most common taxpayer questions and quick ways to get…

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IRS Tips about Taxable and Nontaxable Income

February 13, 2014
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Are you looking for a hard and fast rule about what income is taxable and what income is not taxable? The fact is that all income is taxable unless the law specifically excludes it. Taxable income includes money you receive, such as wages and tips. It can also include noncash income from property or services.…

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IRS Kicks Off 2014 Season: Individual Returns Can Be Filed Now

February 4, 2014
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Jan. 31, 2014 WASHINGTON — The Internal Revenue Service today opened the 2014 filing season by highlighting a growing array of online services and encouraging taxpayers to check out a variety of tax benefits, such as the often-overlooked Earned Income Tax Credit. Taxpayers have until Tuesday, April 15, 2014, to file their 2013 tax returns…

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