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Inside Washington (04/23/2008)
* WASHINGTON (4/24/08)--The number of borrowers helped by loan modifications has increased, but the number of delinquent loans also has increased, causing the modifications to fall short, the State Foreclosure Prevention Working Group said Tuesday. The group issued “Analysis of Subprime Mortgage Servicing Performance”, which was based on data collected from servicers October 2007 through January. Major findings: Seven out of 10 delinquent borrowers do not have alternatives to foreclosure, and two-thirds of all efforts to identify alternatives to foreclosure are not completed in the month after they are started ... * WASHINGTON (4/24/08)--The Internal Revenue Service (IRS) is reminding retirees, disabled veterans and others who do not normally file a tax return that there is still time to submit a 2007 form to receive an economic stimulus payment. People must file by Oct. 15 to receive a payment ... * WASHINGTON (4/24/08)--Taxpayers who have filed their returns can use the Internal Revenue Service’s “Where’s My Refund?” online tool to check the status of their refunds. Taxpayers will need their Social Security number, filing status and exact refund amount ... * WASHINGTON (4/24/08)--The Internal Revenue Service launched a campaign to help educate new self-employed small-business owners about federal tax responsibilities. The campaign coincides with the Small Business Administration’s annual Small Business Week, which ends Friday. The campaign will provide a new Schedule C, Profit or Loss from Business, filers with improved and updated educational materials, small business workshops and other outreach events. Schedule C is filed by sole proprietors as an attachment to their 1040 individual income tax form ...


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