Most Requested
bank banking business corporate credit credit cards credit union credit unions debt Earned Income Tax Credit (EITC) economy employment farming federal income taxes Federal Reserve finance free tax help Government identity theft income Internal Revenue Service international IRS issues jobs lending local business marketing money mortgage mortgages problems Processing Amended Returns real estate resume rules sales savings skills small business speaking tax credit Taxes unemployment work-
Categories
Archives
Home | Contact Us | News Archives | Resources
Interest Rates- US: H15 0.23 2010-09-08 FRB Market yield on U.S. Treasury securities at 5-year constant maturity, quoted on investment basis, inflation-indexed
- US: H15 0.19 2010-09-08 FRB Federal funds effective rate
- US: H15 0.20 2010-09-08 FRB 30-Day AA Nonfinancial Commercial Paper Interest Rate
- US: H15 1.00 2010-09-08 FRB Rate paid by fixed-rate payer on an interest rate swap with maturity of three year.
- US: H15 0.23 2010-09-08 FRB 60-Day AA Nonfinancial Commercial Paper Interest Rate
- Trade (FTC)
- FTC Settlement Would Preserve Competition in Liquid Oxygen and Liquid Nitrogen Markets if Air Products Acquires Rival AirgasAir Products Would Have to Sell Certain Industrial Gases Assets […]
- FTC Settlement Would Preserve Competition in Liquid Oxygen and Liquid Nitrogen Markets if Air Products Acquires Rival Airgas
- Commerce News
- Notice of Extension of Comment Period -- Cybersecurity, Innovation and the Internet EconomyThe Department of Commerce’s Internet Policy Task Force announces that the closing deadline for submission of comments responsive to the July 28, 2010 notice of inquiry on the nexus between cybersecurity challenges in the commercial sector and innovation in the Internet economy has been extended from September 13 to September 20, 2010. (278 KB PDF file) […]
- Notice of Extension of Comment Period -- Cybersecurity, Innovation and the Internet Economy
- Small Business News
- Advocacy Suggests that the United States Department of Health and Human Services Take Small Businesses That Are Defined as “Business Associates” Into Consideration as it Finalizes the HIPAA Modification RuleOn September 9, 2010, the Office of Advocacy (Advocacy) filed comments with the United States Department of Health and Human Services (HHS) providing the agency with its Regulatory Flexibility Act suggestions and industry concerns about the potential economic impacts associated with finalizing the Modifications to the Health Insurance Portability and Account […]
- Advocacy Suggests that the United States Department of Health and Human Services Take Small Businesses That Are Defined as “Business Associates” Into Consideration as it Finalizes the HIPAA Modification Rule
- Monetary Policy
- Cost Estimates
- S. 3729, National Aeronautics and Space Administration Authorization Act of 2010Cost estimate for the bill as passed by the Senate on August 5, 2010 […]
- H.R. 3655, Bereaved Consumer's Bill of Rights Act of 2009Cost estimate for the bill as ordered reported by the House Committee on Energy and Commerce on July 21, 2010 […]
- S. 3335, Earmark Transparency ActCost estimate for the bill as ordered reported by the Senate Committee on Homeland Security and Governmental Affairs on July 28, 2010 […]
- S. 3729, National Aeronautics and Space Administration Authorization Act of 2010
- Banking
- Stephen A. Lybarger Named Deputy Comptroller for LicensingStephen A. Lybarger has been named Deputy Comptroller for Licensing, succeeding Larry Beard, who plans to retire from the OCC on October 1, 2010. […]
- Stephen A. Lybarger Named Deputy Comptroller for Licensing
5 Tips to Avoid Tax Time Stress
Filing your tax return doesn’t have to be stressful. The IRS has put together five stress-relieving tips to help you.
1. Don’t Procrastinate Resist the temptation to put off your taxes until the very last minute. Rushing to meet the filing deadline may cause you to overlook potential sources of tax savings and will likely increase your risk of making an error.
2,. Visit the IRS Website In 2009, more than 296 million visits were made to IRS.gov. Make 1040 Central your first stop to learn the latest news and find answers to your questions.
3. File Your Return Electronically Last year, two out of three tax returns were filed electronically. More than 800 million tax returns have been processed safely and securely over the past 20 years. Use e-file and direct deposit to get your refund in as few as10 days. E-filed returns have a much lower error rate. Taxpayers receive a fast acknowledgement that the IRS received the return, a service not available to paper filers. You can e-file through your tax preparer or commercial software. Or, you can use Free File, a service offered by the IRS and private sector partners to prepare and e-file your federal return for free. Again, see IRS.gov for more information.
4. Don’t Panic if You Can’t Pay If you cannot pay the full amount of taxes you owe by the April 15th deadline, you should still file your return by the deadline and pay as much as you can to avoid penalties and interest. You should also contact the IRS to discuss your payment options at 1-800-829-1040. The agency may be able to provide some relief such as a short-term extension to pay, an installment agreement or an offer in compromise.
More than 75 percent of taxpayers eligible for an Installment Agreement can apply using the Web-based Online Payment Agreement application available on IRS.gov. To find out more about this simple and convenient process type “Online Payment Agreement” in the search box on the IRS.gov homepage.
5. Request an Extension of Time to File – But Pay on Time If the April 15 clock runs out, you can get an automatic six-month extension of time to file until October 15. However, this extension of time to file does not give you more time to pay any taxes due. If you have not paid at least 90 percent of the total tax due by the April deadline you may also be subject to an Estimated Tax Penalty. To obtain an extension, just file Form 4868, Application for Automatic Extension of Time to File U.S. Individual Income Tax Return. The easiest way to file a Form 4868 is through Free File at www.irs.gov/freefile. Form 4868 is also available at IRS.gov or you can call 800-TAX-FORM (800-829-3676) and have a paper form mailed to you.