Tax News Blogs

Filing a late 2013 Tax Return? Get it done sooner rather than later! Did you forget to file your 2013 tax return? If so, you’re officially filing late (as of April 16, 2014) and will face late penalties. In fact, the 2014 tax season ended on October 15, 2014. That means, filers can no longer […]

Filing late taxes may seem stressful, time-consuming, & annoying. We’re here to help. Remember when you were in school and missed an exam in class. Even though you knew you had to makeup the test, you pushed it off. Taking the test lingered in the back of your mind, until you actually got it over […]

In order to receive a 2011 tax refund, your 2011 return needs to be postmarked on April 15, 2015. The IRS limits the time period you can claim a tax refund to three years. The statute of limitations means the last day to claim a 2010 refund was April 15, 2014. It also means the […]

E-file PIN: a 6 digit number located on your 2013 Tax Return. You’ll need this number to e-file your 2014 Tax Return If you are planning to e-file your 2014 taxes, you’ll need to look back to your 2013 tax return for your personal identification number (PIN) or for your 2013 adjusted gross income (AGI). […]

Have a home-based business? In the past, claiming a home office deduction was time consuming, annoying and complicated. Not anymore! Thanks to the new IRS home office deduction, you can easily deduct up to $1,500 on your 2013 tax return when filing your home based business taxes. If you need to file taxes for prior […]

Are you wondering when you will get your state tax refund? Some states process refunds in days while others can take up to 16 weeks. Many tax filers know about the IRS “Where’s My Refund?” tool  to learn the status of federal refunds. However, some don’t know where to check the status of a state […]

If you’re among the 70% of college graduates, the experience abruptly ended upon paying your first student loan payment.  Not only did the world slam you with the pressure to find a job, get your own apartment and pay student loans, but the student loan balance seems to carry some added weight; interest. Well, if […]

Do you still need to file your 2012 taxes but first need to learn the 2012 tax rates?  Take a look at our 2012 federal tax table. If you did not file your 2012 taxes (in 2013), it’s best to do so as soon as possible. Before doing so, learn your federal tax rate for […]

Should I Itemize My Deductions Instead of Taking the Standard Deduction? While filing your taxes, you can claim the standard deduction. This standard deduction varies on your filing status and allows you a deduction even if you haven’t saved any receipts over the tax year. Although most taxpayers take the standard deduction, there are some […]

Are you wondering if the IRS can still audit old taxes or still collect tax settlements? Maybe you want to know if you can still receive an old tax refund? Whatever your tax situation may be, the IRS tax statute of limitations has a set time period for receiving your tax refund, to be audited […]