RWB Tax Services - Hiram (Dallas, Douglasville, Lithia Springs, New Georgia, Paulding County, West Cobb)

IRS Has $1.3 Billion for People Who Have Not Filed a 2005 Tax Return

Don't let money slip through your hands! Call RWB Tax Services today, (770)222-6497. from irs.gov IRS Has $1.3 Billion for People Who Have Not Filed a 2005 Tax Return  WASHINGTON — Unclaimed refunds totaling approximately $1.3 billion are awaiting over a million people who did not file a federal income tax return for 2005, the Internal Revenue Service announced today. However, to collect the money, a return for 2005 must be filed with the IRS no later than Tuesday, April 15, 2009. Especi... READ MORE Posted March 03, 2009 at 07:49 AM

The Mortgage Forgiveness Debt Relief Act and Debt Cancellation

One of 2009's biggest concerns from taxpayers is, What happens to me when I lose my house through foreclosure?" Here is some helpful information straight from the IRS website regarding the Mortgage Forgiveness Debt Relief Act and Debt Cancellation legislation. from irs.gov If you owe a debt to someone else and they cancel or forgive that debt, the canceled amount may be taxable.The Mortgage Debt Relief Act of 2007 generally allows taxpayers to exclude income from the discharge of debt on thei... READ MORE Posted February 27, 2009 at 10:09 AM

Expanded Tax Break Available for 2009 First-Time Homebuyers

from irs.gov Expanded Tax Break Available for 2009 First-Time Homebuyers  WASHINGTON — The Internal Revenue Service announced today that taxpayers who qualify for the first-time homebuyer credit and purchase a home this year before Dec. 1 have a special option available for claiming the tax credit either on their 2008 tax returns due April 15 or on their 2009 tax returns next year. Qualifying taxpayers who buy a home this year before Dec. 1 can get up to $8,000, or $4,000 for married fil... READ MORE Posted February 27, 2009 at 08:09 AM