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Colorado, Bear Hugs, and 2.5 Million Gallons of Clean Water

Tax News | May 26, 2016

By choosing to e-file your taxes with 1040.com this tax season, you helped us raise $172,836 to support Healing Waters International (HWI) and its goal of ending the global water crisis. That translates to an incredible 2,592,540 gallons of clean water – that’s a year’s supply for 14,205 people!

But we didn’t just want to mail Healing Waters a check and our best wishes.

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Fast-Track the FAFSA

personal finances | May 23, 2016

If your youngster is planning on heading off to college this fall, there’s one phrase you should already be very familiar with: Financial Aid. If your budding collegian qualifies, Pell Grants can reduce your financial footprint on their road to graduation.

We say you should already be familiar, because many high schools start the financial aid application process while the students are in their senior year. The main building block of any financial aid offering is an application called the FAFSA, which stands for Free Application for Federal Student Aid.

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Scammers Still in Business

IRS, security | May 16, 2016

Federal agents have made strides in prosecuting rings of scammers over the last two years. These crooks pose as IRS agents in an effort to scare taxpayers into making an immediate payment over the phone to satisfy a bogus tax debt.

Unfortunately, bad guys are still in business, despite successful arrests and prosecutions. And the IRS is alerting taxpayers that if they get a phone call from these crooks, their best defense is to just hang up.

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The Shadow of Past-Due Debt

IRS, your tax return | May 09, 2016

We all look forward to getting a nice fat refund from the IRS come tax time, but sometimes, what we get can be less than what we expected. What was supposed to be a new car down-payment gets whittled down to dinner for one. How can that happen?

Most times this scenario plays out when the taxpayer has some sort of debt that’s owed. The tax refund is fair game for repaying some – but not all – kinds of past-due debt.

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