MoneyRates Blog
Don’t Forget IRS is Waiving Mandatory IRA Distributions for 2009
By Clark Schultz | Money-Rates Columnist
The tax rules of the IRS are complicated. That’s why it is important that if you know a friend or relative who is at least 70 years old and owns an IRA, that you make sure they understand the IRS has waived mandatory distributions for IRA accounts for this calendar year. For a long time [...]
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Preventing a Last-Second Tax Disaster
By Clark Schultz | Money-Rates Columnist
Today is a day of panic for millions of Americans. Today is April 15th or “Tax Day”. For households who are just now realizing that their checking account or savings account lacks the funds in it to pay their tax bill, viable options remain. What you can’t do is procrastinate and not file your return. If you don’t have the money to [...]
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Deposit Your Tax Refund Directly to Your Savings or Checking Account
By Clark Schultz | Money-Rates Columnist
The IRS gives all taxpayers the option to receive their tax refunds through direct deposit to more than one bank or brokerage account. Form 8888, which can be downloaded from IRS.gov, allows taxpayers to split up their refund and decide which amounts go to which accounts. Eligible account types include:
Bank checking accounts
Bank money market accounts
Bank savings accounts
Brokerage accounts
Mutual [...]
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Uncle Sam Offers Huge Credit For First Time Home Buyers
By Peter Miller | Money-Rates Columnist
The government will give a tax credit of up to $8,000 for many first-time home buyers in 2009. Is this a good deal? You bet.
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IRS Refund E-Mail Scam Circulating the Internet
By MoneyRates team | Money-Rates Columnist
An e-mail which appears to be an e-mail from the IRS with instructions on how to claim a tax refund is poliferating around the internet. The e-mail appears to be sent from Service@irs.gov with a link to a cloned IRS website. The intent is to steal social security numbers after a visitor completes the refund [...]
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