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In 2008, Congress approved a tax credit for first-time homebuyers that can be worth up to $7,500. The credit, however, acts more like a no-interest loan because it must be repaid to the government over 15 years.

For more information contact:

Yappics Tax Service, (800)878-5864
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Professional tax preparation company. Providing year round tax consultations
and advice.

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2009 Scholarship Awards Banquet


Ahead of the 2011 Tax Season
IRS Ruling Works for the Taxpayer
by Yappics Tax Service

(CFN-October 2010) - With so many taxpayers having to pay monies to the IRS from last year’s tax refund, many this came as a surprise. While they may have had a tax refund coming, somewhere in the mix they ended up owing the IRS.


In August 2010, the IRS issued an important decision relating to refund anticipation loans (RAL’s) and refund anticipation checks (RAC’s).


Beginning with the 2011 tax filing season more stringent requirements has been placed on tax preparers that is sure to improve the quality of service many tax preparers provide to their customers.


While the IRS has made decisions raising the standards of tax preparers, many tax preparers will undoubtedly have problems with their returns being prepared by tax preparers not abiding by these new IRS requirements.


Consumers cannot be thorough enough when asking questions to their tax preparer about the new IRS guidelines.


Tax filers beware! Ask your tax preparer if they are in compliance with new IRS requirements for tax preparers and ask if they are bonded to protect themselves as well as their customers from financial problems relating to the filing of an income tax return.


The IRS states that out of more than 95 million tax returns filed approximately 70% were filed electronically with refunds in the hands of tax filers within a matter of days.


For more detailed information visit your online IRS website or contact your tax preparer directly.


Yappics Tax Service can be contacted directly via telephone at (800) 878-5864 or via email at


Yappics is a registered and bonded tax preparation company.••



40 Years later...and Still No Pension
No clear answers on how to include sanitation workers into City's Pension

(CFN-Memphis TN July-2008) - The most recent developments in the Memphis sanitation workers plight seems to be the unknown cost or procedure for including new or existing sanitation workers into the city of Memphis' pension plan and getting the city's administration to engage in these talks along with other pressing health and safety issues within the Public Works department.



*Disclaimer: All views and opinions expressed within this website are not necessarily the views and opinions of CommonFolkNews™

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last updated: February 18, 2010

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