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Tax Return Tips

How Improving a Home Can Improve Your Tax Situation

Mark Steber | Posted 08.24.2013 | Business
Mark Steber

While you can't get time spent on home improvements back, you can often get some of your dollars returned either at tax time or when you sell, provided that you track of all of your costs as you own and work on your home.

Tax Tips and Considerations for Dads (and Dads-to-Be)

Mark Steber | Posted 08.13.2013 | Business
Mark Steber

Not only are there a great many tax considerations related to fatherhood, many of them are often overlooked. So to mark Father's Day, here are some tax-specific ways to take advantage of the unique benefits of being a dad.

The Latest IRS News and How It Affects Tax Returns, Audits and You

Mark Steber | Posted 08.04.2013 | Business
Mark Steber

What should you do to ensure you don't get one of those dreaded "We found an error on your tax return" IRS letters, or even worse a more detailed in-person audit of your tax return?

What to Do If You Receive an IRS Notice or Letter

Mark Steber | Posted 06.30.2013 | Business
Mark Steber

While fear is a completely normal reaction, here are three steps every taxpayer should follow if they receive an IRS letter.

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.

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?

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.