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The federal government is having a neighborly issue. You know the one, the tidy-whitey and scratching neighbor that comes out to get his newspaper the exact same time you are leaving for work. Sorry Mr Rogers, I can't say "can you be my neighbor?" because it's already too late. Appropriations does not affect him or the federal tax law, and all taxpayers should continue to meet their tax obligations as normal. Individuals and businesses should keep filing their tax returns and making deposits with the IRS.

The Internal Revenue Service still expects tax payments to come in on schedule. That means the Oct. 15 deadline remains in effect for people who requested a six-month extension to file their tax return. People with extensions in parts of Colorado affected by severe storms, flooding, landslides and mudslides also have more time, until Dec. 2, 2013, to file and pay.

Check to see if you qualify for these and other often-overlooked credits and deductions:
  • Benefits for low-and moderate-income workers and families, especially the Earned Income Tax Credit. The special EITC Assistant can help taxpayers see if they’re eligible.
  • Savers credit, claimed on Form 8880, for low-and moderate-income workers who contributed to a retirement plan, such as an IRA or 401(k).
  • American Opportunity Tax Credit, claimed on Form 8863, and other education tax benefits for parents and college students.
  • Same-sex couples, legally married in jurisdictions that recognize their marriages, are now treated as married, regardless of where they live. This applies to any return, including 2012 returns, filed on or after Sept. 16, 2013. This means that they generally must file their returns using either the married filing jointly or married filing separately filing status. 

For further information, visit irs.gov or call us at 347-464-9153. 

Need assistance, call MCBtax at 347-464-9153 or send an email.




 


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