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Tax Preparation Tips

Protecting Taxpayers from Abuse

Martha Bergmark | Posted 04.15.2014 | Impact
Martha Bergmark

Tax season is an annual American ritual. For many Americans, it brings the biggest influx of money all year, giving a much-needed boost to millions of families. Yet for Americans of all backgrounds, tax filing can be a stressful and confusing experience.

Stop Procrastinating and File Your Taxes

Mark Steber | Posted 03.21.2014 | Business
Mark Steber

If you have not filed, then what the heck are you waiting on? File as soon as you can and if a refund is coming -- enjoy that money sooner.

Tax Identity Theft Tops IRS Tax Scams This Year

Mark Steber | Posted 03.12.2014 | Money
Mark Steber

The top three tax scams in the IRS "Dirty Dozen Tax Scams for 2014" are Identity Theft, Telephone Scams, and Phishing.

How to Spend Your Time During the Next Polar Vortex

Mark Steber | Posted 03.11.2014 | Business
Mark Steber

Now is a good time to get ready to do your taxes. YES -- work on your taxes during this quality down time. Following are a few things to consider as you stay warm during this cold snap or the next or just to get started.

2014 Tax Season Starting Very Soon

Mark Steber | Posted 02.09.2014 | Money
Mark Steber

About 110 million taxpayers got a tax refund last year -- that is about three out of four filers or 75 percent of all taxpayers. A tax refund is a refund of your money -- getting it sooner is always better than getting it later.

15 Things to Know, to Do and to Watch for as 2013 Comes to a Close

Mark Steber | Posted 01.23.2014 | Money
Mark Steber

Thanksgiving is nearing, and December is right around the corner. I've said it before--it's never too early to start thinking about your tax situation. Taxes are always complicated, seemingly ever changing, and so is your life.

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.

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.

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.

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?

Remember to Get Your Income Tax Estimates in by September 17

Mark Steber | Posted 11.14.2012 | Money
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 | Money
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 | Money
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 | Money
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 | Money
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 | Money
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 | Money
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 | Money
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.

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

Mark Steber | Posted 06.13.2012 | Money
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.

What to Know If You Owe

Mark Steber | Posted 06.10.2012 | Money
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.

How Filing a Tax Return Reduces Identity Theft

Mark Steber | Posted 06.03.2012 | Money
Mark Steber

Be cautious and vigilant when it comes to providing any personal information, such as your social security number, bank or credit account numbers over the phone or via e-mail, and avoid carrying your social security card in your wallet.

Getting Tax Relief After a Natural Disaster

Mark Steber | Posted 05.22.2012 | Money
Mark Steber

In 2011 the federal government declared a record-breaking 99 natural disasters, including floods, hurricanes, tornadoes, earthquakes, and heat waves. If you were the victim of a natural disaster in 2011, you may be eligible for relief dollars when filing this year's tax return.