Finding Real Life Solutions To Your Tax Problem
Depending on who you ask, the hype machine has definitely shifted into overdrive with the most anticipated fight in years closing in. For many sports fans, Saturday is nirvana, with the NFL Draft, the Kentucky Derby and the NBA Playoffs all happening on one day. While...
For many people, happiness is April 16 of each year. This date signifies the end of a stressful period of their lives since it is also the day after the federal income tax filing deadline. For those who have already filed their taxes (and are poised to get a refund),...
Taxes were due yesterday. Many people struggle to get their tax return filed on time so here is one thing to consider next year if you don't think you will be able to meet the April 15 deadline: file an extension.An extension will give you more time to get your...
Who would you trust more: the IRS or tax preparation services like TurboTax?This question is at the heart of an ongoing debate over how our taxes should be calculated each year. Currently, the U.S. has the most complicated system for preparing taxes of any...
Tax authorities distinguish between willful and non-willful mistakes. However, ignorance of the tax laws is generally not a good excuse.Tax penalties vary depending on the circumstances of the matter. Penalties of 25 percent are common. Civil fraud penalties, on the...
It’s no secret that the federal income tax filing deadline (April 15) can be a very stressful day for those who have not filed their returns. Some see it as a sign of the apocalypse (a financial one, that is) while others may prefer a root canal if offered in...
In our last post, we highlighted how you could stave off pesky penalties and interest in the event you are not able to pay your tax bill when it comes due. However, consumers want to avoid paying taxes; and the way to do so is to reduce one’s taxable income....
If you thought the “Ides of March” was a time to be worried about your finances, keep in mind that the federal income tax filing deadline is April 15th; essentially the “Ides of April.” The tax filing deadline can bring out the worst fears in...