W-4. Photo by Roberts Donovan (cc2.0)
While do-it-yourself taxes and online filing is on the rise, some tax returns are best handled by a professional. And even if you have basic questions about this year’s tax laws, spending time with a professional can save you time and money on tax day. (more…)
Supreme Court. Photo by dbking (cc2.0)
One of the strongest weapons that the IRS has on their side is the tax levy. For taxpayers, it can cripple them financially. Understanding a tax levy is simple: this is when the IRS seizes assets to satisfy tax debt. In other words, they come and take from you because you are not willing to give it up on your own. (more…)
Dept. of the Treasury. Photo by Woodley Wonderworks (cc2.0)
The prospect of an IRS audit or IRS collection is a frightful thing for many. But whether you handle the situation yourself or enlist the help of a tax professional, there’s a reasonable and fear-free way to correct the problem. For most people, payment plans, amended or late returns are within reach. (more…)
Form 1040, Schedule A
The interest that you pay on your mortgage is a tax deductible expense. Taking advantage of this deduction can help reduce your taxes by thousands of dollars. It goes a long way in lowering your tax liability. (more…)
IRS Building
Filing taxes electronically is gaining popularity as each year Americans drop their old paper forms in favor of software or Web sites that process taxes online. Tax professionals also are flocking to efile–helping taxpayers file quickly, efficiently, and more accurately. (more…)
photo by Stephen Moore (cc2.0)
Have you ever heard of the health coverage tax credit? It can save you up to 80% in insurance premiums. Learn if you’re eligible for this government grant. (more…)
photo by americanher auf reisen (cc2.0)
There is no hiding the fact that the government is doing all they can to revive the economy. The $8k first-time homebuyer tax credit has gone a long way in doing this. And now it looks as if the credit will be extended until April 2010 – as long as President Obama signs off on it. (more…)
How are you saving money for the future? If you are smart, you are considering all your options including a Roth IRA. Even though there are many options for saving money, when you get involved with a Roth IRA you are going to be able to take advantage of many tax benefits. How does that sound to you? (more…)
Weatherizing your home not only helps lower energy bills, but can also qualify you for tax credits under the government’s economic stimulus plan. (more…)
photo by jekert gwapo (cc2.0)
Did you ask for an extension on your 2008 tax return? If so, your next deadline is coming up. If you have already filed your return for 2008, you have nothing to worry about. But if you didn’t, October 15 is the deadline that you need to be aware of. (more…)
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