While the IRS has taken strides to become more taxpayer friendly over the years, sometimes Uncle Sam and the taxpayer still can’t see eye to eye. If it seems that the IRS is being totally unreasonable in their dealings, you may be wondering what to do about it. Of course you’re not going to sit [...]
IRS
Wondering what exactly to do with your tax refund? Instead of blowing it on a nice dinner or just letting it sit in your bank account, why not receive your tax refund as a savings bond? Starting in January, the IRS allowed taxpayers to buy US Savings Bonds with a portion or the entirety of [...]
Don’t want to just get another check from the IRS this year? Worried you might just blow it on that fancy new kitchen table you saw at Ikea? Don’t worry, you’re not alone. That’s why there are several options available to you instead of just getting a check in the mail this tax season. Let’s [...]
If you’re in the Gulf region, you’ve probably had a hard enough day to day life to deal with his year, minus dealing with the headache of paying taxes. As you well know, the oil spill still affects millions of people and has disrupted lives all along the shore. Luckily, the IRS has opened a [...]
If you participated in the First Time Home Buyer (FTHB) tax credit program, which allowed an $8,000 credit for first time home buyers who purchased their residences between January 1, 2009 and April 30, 2010, there are a couple of potential tax headaches on your horizon as the IRS struggles to process your paperwork. You [...]
Have you been affected by a natural disaster? Then you may need help from the IRS this tax season. Luckily, they have certain programs in place to help you out! Here are five ways the IRS can help after you’ve experienced a natural disaster: 1. Deduct Cleanup Expenses During a disaster there’s obviously going to [...]
Did you incur any educational costs this tax year? Then you may be able to claim the following five credits on your taxes. These could really help when trying to get the most money out of your tax refund. 1. Qualified Tuition Of course tuition is the number on expense that qualifies for an education [...]
If you’re a parent, you want to squeeze all the money out of your tax refund that you can. This includes adding all the child tax credits you can find. Fortunately, there is no shortage of them to be found. You should be able to find something that helps you out, including these five credits. [...]
Instead of just getting a direct deposit or paper check this year, you may want to consider getting your tax refund in one of these unusual ways. They may not be the most popular, but they could be a way for you to save your refund from flying out the window as soon as you [...]
Surprises from the IRS no doubt fill your head with thoughts of doom and destruction. However, this isn’t always the case! Sometimes, the IRS brings you a little light to your life in ways you would never imagine. Here are 3 happy little surprises you might get…if you’re lucky. 1. Extra Refund This is the [...]
