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Search Tags: IRS
New and expanded deductions and credits came into being for a broad cross-section of taxpayers: College tax benefits for parents and students; energy credits for homeowners who are going green; and even tax breaks for home buyers and car buyers.
The homebuyer tax credit has been given more time to cover more people, including some very special federal employees.
Listen as host Bob Leins welcomes Certified Financial Planner Ed Zurndorfer.
Jan. 11, 2010
Federal workers owe more than $3 billion in income taxes they failed to pay in 2008. According to Internal Revenue Service documents, 276,300 federal employees and retirees owe $3,042,200,000.
The Initiative underscores to federal agencies the importance of recruiting and training veterans, aims to increase the employment of veterans within the Executive Branch, and helps recently hired veterans adjust to service in a civilian capacity.
The top outfits, both federal and private sector, range from Marriott to the IRS.
A notice in the Federal Register asks for public comments on ways to reduce the information collection burden on the public. Administration will accept comments for 60 days. OMB will use the comments to inform its annual report to Congress on how agencies are implementing the PRA.
Tax agency officials are not overly worried about potential retirement of large number of workers. IRS sees internship programs as one way to attract entry level workers. Students receive high impact assignments from senior agency officials to ensure they gain the experience and understanding of what the agency does.