5 minutes read
With more and more states legalizing same-sex marriage, many long-time partners can finally enter legally recognized unions. But many of these happy couples will find their tax returns looking a bit different (and perhaps more complicated) the next time they file. Here are some common tax questions answered for all the lucky newlyweds:
5 minutes read
The deadline for filing 2013 taxes has come and gone, and your tax return is filed. Did you make sure to include all the deductions you were eligible for? You may have overlooked some common tax-deductible items on last year’s taxes, but they could earn you more money back next year. From charities to educator expenses, make the most of your cash-back potential in 2014.
4 minutes read
A lot of people find the tax season stressful, but it doesn’t have to be. Here are some things you can do now to make next year’s tax season much easier, and make sure you’re poised to get the most out of your tax return.
4 minutes read
Moving is always a stressful experience, but it can be especially trying if you are moving to a different state. Not only is it very possible that you will have to contend with minor culture shock, but there are lots of little details to take into account. Everyone should have a checklist of things to take care of when they move to a new home; that checklist becomes especially important when you are moving across state lines. Here are just a few things that...
5 minutes read
Odds are you will never be audited, as only about one percent of taxpayers receive audit requests from the IRS. However, if you do receive notification that you have been chosen to be audited, you can get through it by following some of these guidelines. Here are some tips on successfully surviving an IRS audit:
4 minutes read
Because the U.S. tax code is nearly 4 million words in length already, it’s hard to imagine how it could get more complicated. But that’s what happened for 2013’s taxes: The government continued its trend of tweaking rules, changing procedures, and generally complicating how taxes work. Some taxpayers may find the changes wrought by the new complications helpful, while others...
4 minutes read
Everyone looks forward to receiving their tax refund each year with great expectations. Oh the possibilities! Vacation! A new dress! But wait—think twice before you spend that refund frivolously. Just like your impressive vacation tan, the thrill of spending your tax refund will fade all too quickly. Instead of blowing through your refund all at once, think of your refund as an investment. The government essentially forced you to save this money (they just...
5 minutes read
There’s one dreaded word all taxpayers hate: audit. However, learning a little bit more about what could trigger an audit may help alleviate some of the stress associated with the process. While the prospect of an audit can seem daunting, it’s not as bad as you may think. In fact, less than one percent of all individual tax returns are audited by the IRS each year, and the audit rate could fall even lower due to shortages of personnel and funding. There are, however,...
4 minutes read
Hardly anyone thinks fondly on tax season, which involves complicated forms and financial stress. For those people who were not able to meet the April 15th tax deadline and filed for an extension as a result, here are the three most important things you need to know.
4 minutes read
Filing your tax return was stressful, but now that it’s done you know the amount you’ve got coming and you can’t wait to get your hands on it. This is understandable; we all usually have that refund earmarked for something. That’s why it can be so frustrating when your tax refund doesn’t arrive on time. Read on to learn what to do if you’ve been waiting an exceptionally long time for your tax refund.