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…)
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…)
IRS Tax Forms for 2009
How do you take advantage of all the tax credits the government is pushing? Educate yourself and stay close with your tax professional. It can be difficult to answer tax related questions when you do not know what is going on. And making good tax decisions is as important as ever. (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…)
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…)
photo by mjames1408 (cc2.0)
Are you into rap music? If so, you may know a thing or two about Method Man from the group Wu-Tang Clan. The popular rapper is in trouble this week for failing to pay thousands in back taxes. (more…)
photo by digitalAlan (cc2.0)
You never know what is going to happen in the future. This holds true on both a personal and financial level. For this reason, planning in advance is very important. It is essential that you never miss a tax deadline. Not only will this save you a lot of money, but it will also keep you in a sane frame of mind. There is nothing worse than having a missed tax deadline hanging over your head. (more…)
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