| Preparing Tax Form 1040
These Form 1040 tax instructions apply to the year 2006 only. You can find prior-year tax forms and instructions on the Tax Forms page. What's New for 2006 For many people, preparing Form 1040 for tax year 2006 will be similar to last year's tax return. However, there are several important changes in the tax law affecting nearly everyone in America. Here's some highlights. Tax Deadline is April 17th. Find more tax deadlines in the Tax Calendar. The Telephone Tax Refund is a one-time-only credit against your 2006 taxes. t represents a refund of excise taxes paid on long-distance telephone service. You can choose between the standard amounts set by the IRS or the actual amount of excise taxes you paid. Split Refunds using Direct Deposit is a new direct deposit feature from the IRS.
Comment: Fair Tax plan is a simple, transparent solution
Once again, taxpayers are struggling to find receipts, understand tax forms and get to the post office in time. And once again, politicians from both parties are making their annual empty promises that something really has to be done about the income tax system. Most taxpayers will hire someone to help them. The taxpayer cost of compliance with a federal tax code not even the IRS understands amounts to a whopping $265 billion a year. The IRS will still come up at least $350 billion short, both because of tax cheats and because the system is so complicated that people just make a lot of mistakes. The shortfall increases average taxpayers' bills by $2,680 per family. As bad as it is, it's about to get a lot worse. Few Americans understand the alternative minimum tax has already started creating dramatically higher tax liabilities for the middle class.
Income tax filing deadline nears
ZANESVILLE - Have you done your taxes? Or are you one of the millions across the country who put off paying Uncle Sam and the Internal Revenue Service until the last minute? If you are in that group and are reading this, you still have two days - this year's filing deadline was pushed back to April 17 since April 15 fell on a Sunday - to scramble to a local tax preparation service, download tax programs or get to the post office to pick up paper copies of the tax forms. .
Last-minute tax help
The Idaho State Tax Commission will extend the hours in several state offices - including one in Twin Falls at 1038 Blue Lakes Blvd. N., Suite C - to help taxpayers meet the income tax filing deadline.Taxpayers have until Tuesday to file their income taxes.The tax offices offer walk-in assistance for taxpayers needing tax forms and answers to questions about their Idaho tax returns. The offices also will accept completed Idaho tax returns and payments for Idaho taxes.Office hours will be 7:30 a.m. to 6 p.m. Monday and Tuesday. Phone hours - (800) 972-7660 - will be 7:30 a.m. to 7 p.m. Monday and Tuesday.Taxpayers may also download forms, make credit card and e-check payments and get information from the tax commission's Web site at tax.idaho.gov. .
11:37 am: Wrong tax forms blamed on computer problem
ALBUQUERQUE (AP) _ The state has admitted sending erroneous tax forms to three people who ran for the New Mexico Public Regulation Commission last year and chose to use public financing for their campaigns.The Department of Finance and Administration had sent the forms, telling the candidates that it counted the public funding as income and they would have to pay taxes on the money.Stephanie DuBois, who ran unsuccessfully for the District 2 seat, was flabbergasted. She tried to contact state officials, but she kept getting conflicting information.After a series of queries to several state agencies and Gov. Bill Richardson's office, the state conceded Friday afternoon that it made a mistake. .
|
