December 2011

IRS 2010 Tax Tips

• First-Time Homebuyer Credit Tax Tips
  If you purchased or entered into a binding contract to purchase a home in 2009 or early 2010, you may be eligible to claim the First-Time Homebuyer Credit.
• Five Tips for Great Record-Keeping
  There are many records you have that may help document items on your tax return. You’ll need this documentation should the IRS select your return for examination.
• Getting More Time to File your Tax Return
  If you can’t meet the April deadline to file your tax return, you can get an automatic six month extension of time to file from the IRS.
• Going Green May Reduce Your Taxes
  When you invest in energy-efficient products, you may be saving money on both your energy bills and your tax return.
• Here’s What Happens After You File
  Most taxpayers have already filed their federal tax returns, but many may still have questions about refund status, recordkeeping, mistakes and what to do if you move.
• Seven Important Facts about Your Appeal Rights
  The IRS provides an appeals system for those who do not agree with the results of a tax return examination or with other adjustments to their tax liability.
• Ten Facts About Amended Returns
  You can make a change or an adjustment to a tax return you’ve already filed by filing an amended return.
• Top Ten Things You Need to Know About Making Federal Tax Payments
  Here are 10 important things the IRS wants you to know about making tax payments correctly.