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May 14, 2012Who Qualifies as a Dependent on Your Taxes?
Find out who you can claim as a qualifying child and as a qualifying relative For most taxpayers, claiming a dependent results in a fairly significant tax benefit, oftentimes a refund. But who exactly can you claim as a dependent? There are actually two different categories of dependent: qualifying child and qualifying relative. Both have […]
adminMar 29, 2012How to File City Taxes
Some cities bundle their income taxes with state tax returns, some require entirely separate forms, and some don’t charge an income tax at all. Everyone knows they have to file federal and – in most cases – state taxes when April rolls around. But what about city income taxes? Do you have to file those […]
adminMar 16, 2012Do You Have to Pay Taxes If You Are Unemployed?
The unemployed still have to pay taxes, even on unemployment benefits. Whether or not you have to file a tax return has nothing to do with your employment status. It depends entirely on how much income you received during the year. If your income falls above the income threshold for your filing status, you have […]
adminMar 12, 2012How to File a Tax Extension
File a tax extension and get an extra six months to complete your tax return The tax filing deadline is still over a month away, but no doubt many of you are already staring at the mound of tax documents and receipts strewn across your desk and realizing that you’re not going to be able […]
adminMar 7, 2012Who Has to File IRS Form 1040?
Find out if you are required to file a 2011 federal tax return All those with incomes above a certain level have to file an income tax return, either a Form 1040, 1040A, or 1040EZ. Every year the numbers change, as they are adjusted for inflation. For 2011 taxes, the income thresholds that determine whether […]
adminFeb 29, 2012When Is the 2015 Tax Deadline?
You have from January 20 until April 15, 2015 to file your 2014 taxes or file an extension. Tax season, it’s the best season of all. Okay, we’re joking. Even if you hate tax season, it’s important to keep in mind the tax deadlines. Knowing the tax deadlines will prevent you from filing late and […]
adminJan 24, 2012The Back Tax Fallacy
Filing a Late Tax Return Doesn’t Necessarily Mean You Owe Back Taxes The tax world is full of technical jargon that might not mean very much to the layman. But one distinction you really should pay attention to is the difference between back taxes and late taxes, especially if you’ve neglected your taxes in years […]
adminJan 13, 20122012 IRS Calendar & Deadlines
January 10, 2012 Earned more than $20 in tips during December? You must report your tips to your employer(s) by January 10. Use Form 4070: Employee’s Report of Tips to Employer. This is the first of the monthly deadlines for tip earners So, if you earn more than $20 in tips in the month of […]
adminNov 9, 2011Seek Late Tax Filing Assistance, Before the IRS Files a Tax Lien
The IRS could file a tax lien against you if you owe federal back taxes One of the best reasons to file late taxes is to avoid the sort of penalties the IRS can hand out to those who owe unpaid taxes for a given year and haven’t yet filed a tax return. One of […]
adminSep 28, 20112010 Federal Income Tax E-Filing Deadline
If you requested an extension, start preparing your return now. For all of you who requested a file extension for income taxes, the deadline to file your taxes electronically is just around the bend. Make sure to file by October 17 in order to avoid penalties and reap all the benefits of filing an online […]
