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Tax Returns

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?

An IRS With Integrity: Will This Be the Dawn of Another New Era?

Amy Dardashtian | Posted 07.17.2013 | Politics
Amy Dardashtian

Will today mark the dawning of another new era? Or will Congress miss the opportunity to examine the problems within the agency that extend beyond this one scandal?

Is Your Tax Refund Less Than Expected?

Mark Steber | Posted 07.17.2013 | Business
Mark Steber

Unfortunately, there are many reasons this could happen, and even worse, it happens to many taxpayers each year, causing surprise, confusion and frustration.

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.

How Democrats Will Destroy Progressive Government

Joseph J. Thorndike | Posted 06.11.2013 | Politics
Joseph J. Thorndike

Our whole national argument about taxes -- we pay too much! They pay too little! -- is misplaced. At best, it's a proxy for the real argument we should be having. To use Holmes's terms, we argue endlessly about the price when we should be debating the civilization.

Tax Tips For Service Members

Richard Gartland | Posted 06.08.2013 | Weddings
Richard Gartland

What does a change in location mean when those who are serving for the red, white and blue go to file their state income taxes?

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.

What To Do With Your Tax Refund

GalTime | Posted 06.04.2013 | Women

If you're about to get a tax refund and are experiencing a bit of inner turmoil over what to do with it, the experts suggest you save the money.

Hate Filing Your Tax Return? Good

Joseph J. Thorndike | Posted 06.03.2013 | Business
Joseph J. Thorndike

People everywhere hate taxes. What makes the United States distinctive, I think, is our insistence on collecting so much of our tax revenue in a distinctly unpleasant way. No stealthy value-added taxes for us! We're going to do it the hard way.

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.

Americans About To Lose Nearly $1 Billion To The IRS

AP | By STEPHEN OHLEMACHER | Posted 05.14.2013 | Business

WASHINGTON (AP) — If you didn't bother filing a federal tax return for 2009, it might be a good time to rethink your tax strategy. Th...

Filing Your 2012 Taxes? You Aren't Alone

Kristie Arslan | Posted 05.09.2013 | Small Business
Kristie Arslan

Tax season can be a stressful time for anyone, but it is extremely painstaking for the small business community who must navigate through a complex, ever changing tax code.

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 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.

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 To Do When Unexpected Expenses Occur

Drew Hendricks | Posted 04.03.2013 | Business
Drew Hendricks

Unexpected expenses are almost a guaranteed way to make sure that a person or family breaks their budget. There are ways to make sure that things such as a higher tax bill, car repair, or unexpected trip do not ruin you or your family financially.

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.