Rapid Tax

A blog focused on providing informative tax and personal finance information.

Archive for the ‘Tax News’ Category

2008 Tax Extension Form: The Deadline is Approaching

Thursday, August 27th, 2009

For many taxpayers, the 2008 tax deadline was on April 15th, 2009. But for taxpayers who filed a 2008 extension, there’s another deadline looming: they need their returns filed by October 15th, 2009. A few steps they can take to make sure everything goes well: (more…)

2008 Tax Return Conundrum: With Funding Dropping, How Will Feds Pick up the Slack?

Tuesday, August 18th, 2009

2008 tax return numbers just aren’t looking good for the government. Year over year revenue has dropped catastrophically, even as spending is up. So how are they making up the shortfall? There’s been some tentative talk of cost-cutting and income tax hikes, but there are some unusual plans that are also in the works:


Via Phillip on Flickr.
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National Taxpayer Advocate’s Report to Congress: Once a Year, Taxpayers Talk Back — and Congress Listens

Thursday, July 2nd, 2009

It may feel like taxpayers always complain and Congress never listens, and perhaps most of the time that’s true. But once a year, Congress asks the National Taxpayers advocate to report on taxpayer concerns. And the latest report just came out. So what’s coming up next? Ten highlights:
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One Tax Falls $50B Short, but a New $500B Tax is On The Way

Saturday, June 13th, 2009

Two big, related stories today:

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