BUSINESS
By Eileen Ambrose, The Baltimore Sun | April 3, 2011
Nearly half of taxpayers have yet to file their federal tax returns, although the deadline is just about two weeks away. Many of them are holding off to the last minute because they owe taxes, of course. But some likely are waiting for answers. The U.S. tax code grows more complicated each year, often leaving taxpayers uncertain about whether they qualify for deductions or not. And a bumpy economy has left many taxpayers yearning for bigger refunds. So this year tax professionals say they are fielding more questions than ever about debt, the homebuyer credit, Roth IRA conversions and any obscure deductions filers could be overlooking.
BUSINESS
By Eileen Ambrose | March 31, 2011
Hey folks, remember that we will have a live chat at noon on the blog with Mark Steber, chief tax officer with Jackson Hewitt Tax Service. So if you’re not sure whether you qualify for a deduction or stymied by some IRS lingo, now’s the chance to ask your questions and get answers from a pro. See you at noon! Live chat: Income tax Q-and-A
BUSINESS
By Eileen Ambrose | March 29, 2011
Stymied by an arcane tax rule? Not sure if you qualify for a deduction? Get answers to your tax questions on Thursday at noon on Consuming Interests. We'll hold an online chat with Mark Steber of Jackson Hewitt. You can pose your questions then, or send it in advance on the comment section. Or send it to me directly at eileen.ambrose@baltsun.com . I know there are still questions out there about the homebuyer credit because people still ask about it. So all those homeowners wondering if they qualify for the credit or need to pay it back, now's your chance to get the answer.
BUSINESS
By Eileen Ambrose, The Baltimore Sun | May 13, 2010
The Internal Revenue Service will open its doors Saturday in Baltimore and four other Maryland locations to help individuals and small businesses with return preparation or other tax issues, such as working out a payment plan. The Taxpayer Assistance Centers will be open from 9 a.m. to 2 p.m. The sites are 31 Hopkins Plaza in Baltimore, 190 Admiral Cochran Drive in Annapolis, 1260 Maryland Ave. in Hagerstown, 11510 Georgia Ave. in Wheaton and 8401 Corporate Drive in Landover.
NEWS
By Annie Linskey and Annie Linskey,annie.linskey@baltsun.com | April 28, 2009
A property tax credit meant to lure new residents to Baltimore and spur development in impoverished neighborhoods instead rewards current city dwellers who inhabit booming parts of the city, according to a report issued by the city's Finance Department. In the past nine months, 75 percent of the applications for the program, called the Newly Constructed Dwelling Tax Credit, came from 10 neighborhoods, according to the finance data. Forty percent of the credits went to households earning more than $100,000 a year.
BUSINESS
April 5, 2009
It's coming down to the wire - your income taxes must be filed by April 15. Get the answers to any of those last- minute questions during a live online chat with Internal Revenue Service representative Jim Dupree at 11 a.m. Friday on the Consuming Interests blog at www.baltimoresun.com/consuminginterests. You can submit questions in advance on the blog or send them to eileen.ambrose@baltsun.com.