Monday, March 25, 2013
As the tax deadline approaches, Dave Stewart from the IRS offers tips on Patch Local Voices.
Read Dave Stewart's blog at Centreville Patch. Have an area of expertise you'd like to share with your neighbors? Join Centreville Patch Local Voices. IRS tax tips are also available at irs.gov. There's more tax filing info from H&R Block, including tax calculators and USA Today recently wrote up some tax tips on how to avoid an audit. Have you filed your taxes yet? Waiting until the last minute? Tell us about it in the comments.
Sunday, December 30, 2012
The IRS offers reminders to taxpayers of guidelines for charitable donations.
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Sunday, December 30, 2012
Do you plan to donate to charity before the year ends? Keep in mind that some IRS guidelines have changed in recent years. The IRS offered the following tips for taxpayers on year-end giving: Rules for Clothing and Household Items To be deductible, clothing and household items donated to charity generally must be in good used condition or better. A clothing or household item (such as furniture) for which a taxpayer claims a deduction of over $500 does not have to meet this standard if the taxpayer includes a qualified appraisal of the item with the return. Guidelines for Monetary Donations To deduct any charitable donation of money, regardless of amount, a taxpayer must have a bank record or a written communication from the charity …
Tuesday, July 19, 2011
Peter Labovitz, president and CEO, owes nearly $1 million in past payroll taxes.
Peter Labovitz, the president and CEO of Connection Newspapers, faces up to a year in jail after he pleaded guilty Tuesday to two counts of failing to pay the IRS nearly $1 million in payroll taxes. Labovitz admitted in federal court that he collected income and Federal Insurance Contributions Act (FICA) taxes from the company's employees, but he did not pay the IRS in a timely manner for a three-month period in 2007. The total amount owed is more than $940,000, the Justice Department said in a news release. Labovitz, an Alexandria resident and the company's president for the past 20 years, attributed the Connection's financial difficulties to a drop in revenue after 9/11 and again during the recession. In a statement posted on the …
