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Tax Filing

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.

TurboTax's Dirty Secret That Makes Your Life More Complicated

ProPublica | Liz Day | Posted 03.27.2013 | Business

This story was co-produced with NPR.Imagine filing your income taxes in five minutes -- and for free. You'd open up a pre-filled return, see what the ...

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.

Do You Really Need To File A Tax Return This Year?

Jim T. Miller | Posted 04.24.2013 | Fifty
Jim T. Miller

The percentage of seniors, age 65 and older, who won't have to pay income taxes this year, is actually around 56 percent according the Tax Policy Center. Here's a breakdown of the 2012 filing requirements along with a few other tax tips to help you determine if you need to file.

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:...

Tax Season Delayed Due To Fiscal Cliff

AP | Stephen Ohlemacher | Posted 03.10.2013 | Business

WASHINGTON -- The Internal Revenue Service says late changes to federal tax laws should mean only a short delay for most taxpayers to file their 2012 ...

Getting Tax Relief after a Natural Disaster

Mark Steber | Posted 01.05.2013 | Home
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.

IRS Extends Important Deadline

AP | The Associated Press | Posted 10.31.2012 | Home

WASHINGTON -- The IRS is giving taxpayers and tax preparers hit by Hurricane Sandy an extra week to file returns and make payments. The tax agency sa...

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

Mark Steber | Posted 12.26.2012 | Home
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 | Home
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 | Home
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 | Home
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.

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

Mark Steber | Posted 11.24.2012 | Home
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?

Remember to Get Your Income Tax Estimates in by September 17

Mark Steber | Posted 11.14.2012 | Home
Mark Steber

Are you self-employed? Do you have investment income, prize or lottery winnings, or other income that doesn't traditionally have income tax withholdings? If you answered yes to any of these, you may need to make an estimated tax payment by September 17.

Back-to-School Time Can Mean Big Savings at Tax Time

Mark Steber | Posted 10.27.2012 | Home
Mark Steber

If you or someone you know has higher education costs, look to the tax rules to get some much deserved tax relief and possibly a bigger tax refund this coming tax year. Let your education help you make the most out of tax time.

Why It's Important to Conduct a Mid-Year Tax Review Now

Mark Steber | Posted 10.10.2012 | Home
Mark Steber

Summertime means beach, barbeques and much needed vacation time. Probably the last thing on your mind is your taxes. Yet this is the perfect time to review your tax situation.

Early Tax Lessons for Summer Jobs

Mark Steber | Posted 09.16.2012 | Home
Mark Steber

Summer jobs are a great opportunity for young Americans to learn about income taxes, and also to increase their personal financial literacy by understanding that taxes are not just automatic and don't always result in a refund.

Tying the Knot in 2012? How Marriage Impacts Your Taxes

Mark Steber | Posted 09.02.2012 | Home
Mark Steber

One of the most significant changes that comes with marriage is a new tax filing status and there are several options. If you are planning to tie the knot this year, here are some more items to keep in mind.

What to Do if Your Tax Return Is Audited by the IRS

Mark Steber | Posted 08.08.2012 | Home
Mark Steber

If you are one of the unlucky few who do receive a 'review' notice from the IRS, here is some important information to consider.

What You Can Do Now to Get a Bigger Tax Refund Next Year

Mark Steber | Posted 07.16.2012 | Home
Mark Steber

A better way to work towards a larger refund next year is by taking advantage of all the tax credits and deductions that you may be entitled to, but are often overlooked.

Big Changes Ahead for 2013 Tax Season!

Mark Steber | Posted 06.17.2012 | Home
Mark Steber

With the tax deadline now here, many Americans are enjoying their tax refunds, putting them to use to pay bills, buy something special or add those dollars to their savings. That's the good news. The bad news? Well, this moment of elation may be short-lived.

What Your Accountant Isn't Telling You

Reuters | Posted 06.16.2012 | Home

(The author is a Reuters contributor. The opinions expressed are his own.) By Lou Carlozo CHICAGO, April 16 (Reuters) -...

Still Haven't Filed? Last-Minute Tips to Meet the Tax Filing Deadline

Mark Steber | Posted 06.13.2012 | Home
Mark Steber

With this year's deadline on April 17, 2012, last-minute tax filers have two extra days to submit their 2011 tax returns. If you are filing in these final days, keeping the following tips in mind may make the process easier and may help you avoid making some common mistakes.

5 Common Tax Filing Mistakes to Avoid

Women & Co | Posted 06.11.2012 | Home
Women & Co

With an understanding of some common mistakes and the steps you can take to try to avoid them, tax time can be less stressful.

What to Know If You Owe

Mark Steber | Posted 06.10.2012 | Home
Mark Steber

If you are someone who has, or expects that you may have, a tax liability to pay, it's important to be aware of the rules regarding tax payments and to manage your time wisely in advance of the April 17 tax deadline.