By Admin on November 6, 2009
The Hawaii Department of Taxation will hold a series of year-end workshops around the state to provide tax professionals and the public with updates on tax legislation, changes to tax forms and current department initiatives to improve and streamline tax collections and overall department operations.
The first workshop will be held on Kaua`i on Monday, November [...]
Posted in Blog | Tagged hawaii, tax professionals, workshops Comments Off
By Admin on October 1, 2009
In most cases, Oct. 15, 2009, is the last day taxpayers may timely file their 2008 federal tax returns. The IRS expects to receive as many as 10 million tax returns from taxpayers who used Form 4868 to request a six-month extension to file their returns.
Posted in Tax News | Tagged extended return, tax extension Comments Off
By Admin on October 1, 2009
Under the special provisions issued in March, taxpayers with these accounts originally had until Sept. 23, 2009, to come forward. Those taxpayers who do not voluntarily disclose their offshore accounts by Oct. 15 face harsh civil penalties, where applicable, and possible criminal prosecution.
Posted in Blog | Tagged Offshore, voluntary disclosures Comments Off
By Admin on May 27, 2009
The State of Hawaii Department of Taxation (“DOTAX”) announced that it is offering a “Tax Fresh Start Program”, running from May 27, 2009 through June 26, 2009. The program provides an opportunity for eligible taxpayers to pay their back taxes to the state while avoiding penalties and potentially avoiding referral for criminal prosecution. It also offers a 50% reduction in interest from the statutory rate of 8% per annum to 4% per annum. The program is available to all eligible taxpayers owing eligible Hawaii tax(es) for any taxable period ending…
Posted in Blog, Hawaii Tax News | Tagged hawaii, Tax Fresh Start Program Comments Off
By Admin on April 7, 2009
With the tax filing deadline close at hand, the IRS offers ten tips for those still working on their tax returns:
File Electronically – Consider filing electronically instead of using paper tax forms. If you efile and choose direct deposit, you can receive your tax refund in as few as 10 days.
Check the [...]
Posted in Tax Tips | Tagged efile, extension, United States Treasury Comments Off
By Admin on March 25, 2009
The Tuition and Fees deduction of up to $4,000 is available to help parents and students pay for post-secondary education. Below are ten important facts about this deduction every student and parent should know.
Posted in Tax Tips | Tagged Form 8863, Form 8917, Hope, Lifetime Learning, Publication 970, tuition and fees, Tuition and Fees deduction Comments Off
