Clues to help solve your financial and tax puzzles!

Monthly Archive September, 2006

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September 9, 2006

IRS Reg sec. 301.7216-3(a)(2) says:

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Split your refund to up to three accounts starting in January

September 6, 2006

Starting in January, taxpayers have more choice and flexibility for direct deposits of their 2006 federal income tax refunds. They can split their refunds among up to three checking or savings accounts and three different U.S. financial institutions by using Form 8888. This new option will be available for tax returns filed either on paper [...]

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IRS Announces Standard Amounts for Telephone Tax Refunds

September 1, 2006

The standard amounts that most long-distance customers can use to figure their telephone tax refund range from $30 to $60, enabling millions of individual taxpayers to request the refund without having to dig through old phone bills. In general, anyone who paid the long-distance telephone tax will get the refund on their 2006 federal income [...]

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Leonard D. Rea, EA, CFP® (Enrolled Agent, Certified Financial Planner™)
and his team, serving individuals and businesses in the Massachusetts area since 1986.

Leonard Rea, Sturbridge Taxman

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