Their view: New Mexicans tax returns due on Monday

The IRS says time is up for 73,500 New Mexicans whose 2010 tax returns are due and E-file ends:

IRS letter causes panic

Grant McGee Loud dramatic music like you’d hear on TV or at the movies — “DUN-DUN-DUN” — echoes in my head as I pull a letter from our mailbox; it’s from the Internal Revenue Service. I don’t know about you but when Uncle Sam’s money collectors drop a line in the middle of summer instead […]

Taxpayers have two extra days to file this year

By Tonya Garner Procrastinators have two extra days to file their tax returns this year. Since the traditional April 15 filing day falls on a Saturday, the Internal Revenue Service has extended the deadline for most Americans to 11:59 p.m. on Monday. Jerry Carlton, U.S. Postal Service supervisor in Clovis, said the deadline for residents […]

Tax laws favor military members

By Tom Philpott: Military Update If tax laws mirror a nation’s values, then America clearly values its military personnel, and more so today than a few years ago. Combat-zone tax exclusions, combined with changes to the Earned Income Tax Credit (EITC) and child tax credits, have reduced or even wiped out the tax liability of […]

New bonuses, pitfalls for taxpayers in 2005

By David Irvin A new tax season often means new tax laws. This year is no exception. There are a number of changes that may assist taxpayers in filing their taxes and may qualify some for larger deductions and less taxes. IRS Spokesperson Bill Brunson said this year’s changes are just business as usual. There […]

Time to file or get an extension

Tony Parra and Mike Linn If you’re among the 10 million taxpayers who won’t meet the Thursday tax-filing deadline, now is the time to ask the Internal Revenue Service for an automatic four-month extension. Portales CPA Terry Cone knows about those extensions. He is recommending people who have complicated returns to file, but haven’t met […]