With tax season over, one of two scenarios likely occurred: You either got a refund that's currently greasing your wheels, or you had to dig into your pockets to pay what you owed. Maybe this was by design, but then again, maybe it wasn't. Whether you owed money, didn't get a big enough refund or [...]
In the midst of tax season, I can’t help but notice that some deductions, exemptions, and credits are more common than others. Some are so common, in fact, that taxpayers expect to get them no matter what. But like everything else to do with the tax code, it’s not that simple. Requirements must be met [...]
wikipedia reference cheapest viagra All year we pay into our taxes. And, at the end of year, the government gives back anything we’ve overpaid in the form of a tax refund. Refunds are great – they provide extra cash to line our pockets. But if you’re one who gets a sense of euphoria upon receiving [...]
While I recommend getting help from a tax professional to file a previous tax year’s return, I also understand that some may choose to brave the process on their own. In the spirit of such independence, here are some tips for filing back taxes. Take a deep breath Though you may think the IRS is [...]
With tax season almost upon us, millions of Americans will soon consult with their respective tax professionals to prepare an end of the year return. While many might 'know the drill' when it comes to having their taxes prepared, there are also plenty of first-timers out there who have never worked with a tax professional. [...]
There’s a pretty prevalent misconception out there that if you make your own way -- in your business or as an independent contractor -- that you only have to account for your income taxes at the end of the year. A lot of people also incorrectly think that, if they have a side business in [...]
Tax software is great, if you have a scenario that works well within its confines. For example, if you’re a college student who makes very little money annually, and you don’t have any investments or deductions besides the standard deduction – sure, use tax software. But are your taxes that simple? If you have deductions [...]
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