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Tax Returns

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.

The Numbers You Need To Know When Filing Your Tax Return

AP | The Associated Press | Posted 01.23.2013 | Business

-- Key numbers to know when filing your 2012 tax returns, according to the Internal Revenue Service: PERSONAL EXEMPTION:...

Numbers You Need To Know When Filing Taxes

AP | The Associated Press | Posted 01.22.2013 | Business

-- Key numbers to know when filing your 2012 tax returns, according to the Internal Revenue Service: PERSONAL EXEMPTION:...

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.

Good Tax News For Small =-Business Owners

The Huffington Post | Catherine New | Posted 01.16.2013 | Small Business

For millions of small-business owners and freelancers who work from home, it just got easier to get a tax break for home office space. Under a new ...

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.

With a Fiscal Cliff Looming Ahead, What Do You Need to Know?

Mark Steber | Posted 02.04.2013 | Money
Mark Steber

The Temporary Payroll Tax Holiday, a two percent reduction in employee Social Security tax withholding, expired Dec. 31, 2012. Beginning Jan. 2013, the average taxpayer will see as much as a $1,000 decrease in take-home pay.

Damning Report On The IRS Just Released

The Huffington Post | Caroline Fairchild | Posted 02.13.2014 | Money

Tax fraud related to identity theft is on the rise -- but the IRS is clueless when it comes to knowing just how many people are scamming the system, a...

'Tis the Season -- Top Five Things to Know, to Do and to Watch For as 2012 Comes to a Close

Mark Steber | Posted 01.27.2013 | Money
Mark Steber

The combination of expiring tax laws and tax policy changes, possible renewed retroactive provisions and last-minute legislative action calls for taxpayers to be extra careful when managing their taxes in order to ensure that there is no money left on the table.

Being Generous This Holiday Season Could Lead to Savings at Tax Time

Mark Steber | Posted 01.19.2013 | Money
Mark Steber

While you are donating to charities in great need, be sure to observe the charitable donation tax rules, maximize that tax deduction and do something nice for yourself -- like getting a bigger tax refund for your good deed efforts.

Zach Carter

Mitt Romney Haunted By Tax Returns He Withheld | Zach Carter | Posted 11.06.2012 | Politics

WASHINGTON -- As the GOP presidential candidate faced pressure over the past year to release more financial information, it was widely presumed that a...

Getting Tax Relief after a Natural Disaster

Mark Steber | Posted 01.05.2013 | Money
Mark Steber

Unfortunately, natural disasters, and losses from them, occur each year and will continue to impact people's lives, causing personal and financial loss, and in some cases, even severe financial and economic loss. The income tax rules may provide for a small silver lining if the right circumstances apply.

Tax Expert: 'Good Reason To Be Skeptical' Of Romney's Tax Return

Zach Carter | Posted 10.29.2012 | Politics

A respected tax attorney and deficit hawk wrote a letter to the editor of Tax Notes on Monday saying that, "There is good reason to be skeptical" of M...

Taxmageddon, the Fiscal Cliff, the Mayan Calendar, and Other Year-End Events to Watch Out for

Mark Steber | Posted 12.26.2012 | Money
Mark Steber

The Mayan calendar "end of times" prediction scheduled for Dec. 23, 2012, might not be all bad when compared and contrasted with some of the other predictions associated with Taxmageddon and the fiscal cliff on the horizon.

October 15, Final Tax Deadline Is Drawing Near

Mark Steber | Posted 12.12.2012 | Money
Mark Steber

The final deadline for filing their annual tax return, October 15, is coming up fast.

It's Coming...But Just What is Taxmageddon -- The Highlights

Mark Steber | Posted 12.02.2012 | Money
Mark Steber

Take home pay may be lower beginning January 1, 2013 unless we get some changes to the current expiring tax provisions. Why? Three major areas of change.

There's a Tax on What?

Mark Steber | Posted 11.28.2012 | Money
Mark Steber

I spend a lot of time reviewing the latest tax laws and how they can affect you, but it's fun every now and again to take a step back and look at some of the stranger nuances of tax law.

Why Hasn't Romney Fired His Campaign Staff? Is It About the Tax Returns?

John Blumenthal | Posted 11.26.2012 | Politics
John Blumenthal

Romney himself has said that he likes to fire people. So why hasn't he fired his campaign staff?

Zach Carter

Romney Tax Return Shows Big Bain Loophole | Zach Carter | Posted 09.26.2012 | Politics

WASHINGTON -- Mitt Romney saved about $$850,000 on his 2011 taxes, thanks to the Republican presidential candidate's controversial retirement package ...

10 Investments Romney Wishes He Never Made

The Huffington Post | Catherine New | Posted 09.29.2012 | Money

On Aug. 10, 2011, the night before Mitt Romney participated in a Republican primary debate in Iowa, the Republican nominee took an extraordinary step:...

Zach Carter

'Dirty' Secrets: Romney Leaves Household Help Pay Out Of Tax Returns | Zach Carter | Posted 09.25.2012 | Politics

WASHINGTON -- GOP presidential nominee Mitt Romney released his 379-page tax return for 2011 on Friday. Enclosed were the names of his foreign investm...

Life Changes Can Affect Your Tax Return -- Things to Know

Mark Steber | Posted 11.24.2012 | Money
Mark Steber

Did you know that a change in marital status, having a child, or sending one off to college, even a change in employment status, can affect your tax return?