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Tax Advice

What to Do If You Made a Mistake or Forgot a Deduction On Your Tax Return

Mark Steber | Posted 06.26.2013 | Business
Mark Steber

Amending a tax return can be very complex. There are many considerations, from determining what is incorrect and what the correct information should be, to knowing what forms to attach, to making sure the state return is amended correctly and timely.

Tax Tips for Self-Employed Professionals, Freelancers and Contractors

Mark Steber | Posted 06.22.2013 | Small Business
Mark Steber

While April 15 is commonly accepted at "tax day," for many taxpayers and especially small business owners, freelancers and self-employed professionals, there are other important "tax days" to keep in mind.

What You Need to Know About Filing a Tax Return Extension

Mark Steber | Posted 06.12.2013 | Business
Mark Steber

Filing a tax return extension can remove the failure-to-file penalty, which is the larger penalty on a monthly basis, but it will not remove the failure-to-pay penalty.

Last Minute Tax Tips For Married Couples

Richard Gartland | Posted 06.12.2013 | Weddings
Richard Gartland

Haven't filed your taxes yet? Check out these tips to ensure you and your spouse receive the maximum benefits on your returns, even in the last minute rush to pay good 'ol Uncle Sam.

Five Insider Secrets Every Investor Needs to Know at Tax Time

Tyrone Jackson | Posted 06.11.2013 | Business
Tyrone Jackson

If you want to maximize your tax deductions this year and beyond, you'll need to know the following five insider secrets that are frequently overlooked by most investors and accountants.

Tax Tips for the Last Two Weeks of the Tax Season

Mark Steber | Posted 06.04.2013 | Business
Mark Steber

If you're planning to file an extension because you might owe taxes, you should know that an extension only extends the deadline for the forms to be filed. It is not an extension to pay your any taxes you owe.

Everything You Need to Know If You Owe the IRS

Mark Steber | Posted 05.29.2013 | Business
Mark Steber

By now you've heard me say that 75 percent of all taxpayers receive a refund (according to public IRS data it's even higher this year), so what happens if you are in the other 25 percent and owe?

Helpful Tax Tips for Renters

Jeff Golding | Posted 05.26.2013 | Business
Jeff Golding

Most taxpayers assume that those who get the most money back are homeowners, business owners, and non-profit organizations. But lo and behold, renters are a strong competitor! Most of them just don't know it yet.

Important and Lesser-Known Life Changes That Could Save You Money on Your Taxes

Mark Steber | Posted 05.20.2013 | Business
Mark Steber

Life changes are applicable to just about every taxpayer, and that's where you should look to get the most out of your tax return.

Why You Still Haven't Filed Your Tax Return and Why Your Excuses for Waiting are Wrong

Mark Steber | Posted 05.15.2013 | Business
Mark Steber

Even for tax filers who file in those last few days, April 1-15, those tax returns may be impacted by IRS layoffs due to sequestration as they would likely be processed after April 15. Don't take chances with your tax return. File your taxes now. Get it done. Get that big refund, and go enjoy it.

The IRS Is Now Accepting All Forms: Stop Delaying, File Your Tax Return

Mark Steber | Posted 05.08.2013 | Business
Mark Steber

If you still need extra motivation to start or finish the process of filing, here are the top five reasons to file your taxes right now.

Government Sequester Is Now Law. What This Means for the Tax Filing Season

Mark Steber | Posted 05.04.2013 | Business
Mark Steber

During what is typically a quiet time in the tax season cycle, there are many new dynamics and nuances coming into play with the tax law changes, resulting in much confusion.

Procrastinating at Tax Time Can Cost You Your Identity

Mark Steber | Posted 04.23.2013 | Business
Mark Steber

ID theft is scary and time consuming, and it can end up costing you a lot of money. But the good thing is that there are ways to protect yourself if you know what to do and what to look for. So take an easy step and start by getting your income taxes filed as soon as you can and lock the bad guys out.

The Most Important, Least Sexy Use of Tax Dollars

Ron Carlee | Posted 04.17.2013 | Politics
Ron Carlee

A more productive conversation, however, will be future-oriented, focused on the investments needed to create and sustain a city's vision for its future. And, a recognition that sometimes you really do get what you pay for.

The IRS Sequestration: Why You Should Care, and What It Means

Mark Steber | Posted 04.17.2013 | Business
Mark Steber

With late-breaking fiscal cliff tax legislation this year, the many tax law changes, delays in the start of tax season and important forms, just about everything needed to get your taxes done is working well right now, but that all could change after March 1.

7 Reasons Why You Should (and Shouldn't) File Your Own Taxes

Carrie Smith | Posted 04.10.2013 | Business
Carrie Smith

Unless your income and filing status remain the same year after year, your tax situation is always changing. The question, "should I file my own taxes or hire a pro?" is a dilemma that should be revisited every year.

Tax Season Is Here - Here's What's Different This Year

Mark Steber | Posted 04.10.2013 | Business
Mark Steber

The signing of the American Taxpayer Relief Act of 2012 extended many expiring tax deductions and credits through 2013. With these changes come updates to the forms you use at tax time. What can you expect to see this tax season?

What All Parents Should Know About Taxes

LearnVest | Posted 04.08.2013 | Parents
LearnVest

Taxes are inherently complicated. But when you throw a dependent (in your case, a kid) into the mix, things get even more complicated. The good news is that the government recognizes that children are a big responsibility.

What This Year's Super Bowl Means for Your Taxes

Mark Steber | Posted 04.03.2013 | Business
Mark Steber

Aside from the parties, the ads and shouting at the TV for three hours, what does this mean to you, the taxpayer? Let's look at some of the tax consequences of the activities around the Super Bowl.

Two Small Tax Provisions That Could Put More Money in Your Pocket

Mark Steber | Posted 03.31.2013 | Business
Mark Steber

These tax benefits embody all that is tax burden management. Neither is a big benefit, nor does either one affect "millions of taxpayers." However, if they impact you and you know about them, you will have more money in your pocket after you take advantage of them.

How to Find a Dependable Tax Preparer This Tax Season

Mark Steber | Posted 03.24.2013 | Business
Mark Steber

Selecting a tax preparer is a very important decision that you should be happy with. After all, for most Americans the annual income tax return is the single largest financial transaction they have each and every year.

The Delayed Tax Season and What It Means to You

Mark Steber | Posted 03.16.2013 | Business
Mark Steber

The IRS announced that it will delay accepting all 2012 tax returns by eight days, pushing the acceptance of both e-file and paper tax returns to January 30. But the filing deadline of April 15 remains unchanged.

Why the Fiscal Cliff Resolution Is Good for Taxpayers

Mark Steber | Posted 03.05.2013 | Business
Mark Steber

Despite opinions on whether the bill is good or bad, the American Tax Relief Act of 2012 truly is a very good thing for most taxpayers. Here's why, if we look at the bill from a taxpayer's perspective.

Fiscal Cliff or Not, Tax Season Is Right Around the Corner

Mark Steber | Posted 02.26.2013 | Business
Mark Steber

It's the end of December and we are still teetering on the fiscal cliff. As we wait for some sort of resolution from Congress, what should the average taxpayer being doing to get ready for tax season?

Taxes: Who Files What, When and How?

Mark Steber | Posted 02.16.2013 | Money
Mark Steber

As the current tax year closes and the next tax season approaches, I thought it would be helpful and informative to highlight some past tax statistics and details related to tax filings in general and even some guidance on how you can make the most of this information.