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Tax Returns

Missed the Tax Deadline? Take These 5 Steps Now

Carrie Smith | Posted 07.17.2014 | Business
Carrie Smith

A balance owed to the IRS could result in large fines and put a ding on your credit report. So if you missed the tax deadline, be sure to follow these steps to hopefully avoid most of these consequences.

The SNAFU Economy: People Who Profit When Things Go Wrong

Spencer Critchley | Posted 06.29.2014 | Business
Spencer Critchley

For some folks a SNAFU is not a problem, it's a business opportunity. In fact, a whole economy has grown up around profiting from things that don't work right. Once you start looking for it, you can find it everywhere.

Here's How To Get More Time To File Your Tax Return

AP | By ALEX VEIGA | Posted 06.13.2014 | Business

America's annual tax reckoning is here once again and for many who have yet to file their federal tax return, that means a mad dash to beat Uncle Sam'...

Can I Take Advantage of the Student Loan Interest Tax Deduction?

Nate Howard | Posted 05.06.2014 | Money
Nate Howard

For those of us in the early part of our financial life-cycles, the little things can make a big difference. This is especially true for student loan borrowers like myself.

A Common Mistake People Make On Their Taxes (VIDEO)

Posted 03.03.2014 | MarloThomas

When it comes to tax advice, personal finance expert Suze Orman had quite an interesting spin on tax refunds to share with us. “Here's the botto...

IRS Is Open, Marking The Official Start To The Tax Season

Lisa Greene-Lewis, CPA | Posted 04.05.2014 | Money
Lisa Greene-Lewis, CPA

If you want to get your tax refund as soon as possible, forget about paper.

It's the Most Wonderful Time of the Year

Mark Steber | Posted 04.05.2014 | Business
Mark Steber

Every year the rules are different and other considerations related to filing your tax return and paying the least you can or getting the biggest refund you can are changing and constantly new and confusing, so like most taxpayers, you probably have a lot of questions.

Retail Chatter #5

June Haynes | Posted 03.25.2014 | Business
June Haynes

I've always told managers that a return can hold lots of value, so once you've assessed the situation, try everything in your power to make and keep the customer happy by honoring a return.

A Year of Delightful Egalitarian Imagination

Sam Pizzigati | Posted 02.25.2014 | Politics
Sam Pizzigati

People aren't just talking about how unequal we've become. They're talking about antidotes to the avarice all around us.

Wrapping Up 2013 And Preparing for Income Tax Time

Mark Steber | Posted 02.22.2014 | Money
Mark Steber

The IRS announced this week that they will start processing tax returns on Friday, January 31, 2014. So what can you do in these final few days of the year to help lower your taxes for 2013?

Planning for a Disaster Now Can Help You if One Strikes

Mark Steber | Posted 10.28.2013 | Business
Mark Steber

Before you think "that will never happen to me" or "I will deal with it once it happens," remember, a few minutes of advance planning is better than the angst of post-disaster documentation searching and replacement.

Tax Credits for Hiring Military Veterans

Mark Steber | Posted 10.15.2013 | Business
Mark Steber

An often overlooked employer benefit is  a tax return credit available to businesses who hire qualified vets before December 31, 2013.

Friday Talking Points -- Harry Reid Has a Good Week, Mitch McConnell Does Not

Chris Weigant | Posted 09.18.2013 | Politics
Chris Weigant

As America's children grow up and enter into the health insurance marketplace on their own, they will be the first generation who simply will not understand what the terms 'pre-existing condition' and 'lifetime cap' mean.

Recordkeeping: What You Need to Know Before, During and After Tax Time

Mark Steber | Posted 09.11.2013 | Business
Mark Steber

If you claim that you drove 50 miles to the doctor, or spent $2,000 on a new computer for your business, you need to be ready to prove it. So keep good records. So let's look at what you should be keeping track of and how.

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?

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?