Political contributions may help get your candidate elected, but they won’t get you a tax deduction 2012 is an election year – in case all the negative ads spamming the airwaves haven’t already tipped you off. And election season, like almost everything else, raises some very important tax questions, not all of them about Mitt […]
Running a business from your home can net you several valuable tax deductions. The tax code makes several tax deductions available for people who run a home business. When taken advantage of, these deductions can significantly reduce the cost of running a business from your home. The one thing you have to be hyper conscious […]
Late tax filers have three years after the original return due date to file and get a refund The tax deadline is just a week away – April 17th, don’t forget! – and most people are scrambling to get their 2011 tax returns finished and filed with the IRS. But there’s another year you should […]
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 […]
File 2010 taxes and you could get a refund, or at least use your AGI to e-file your current year 2011 return Still haven’t filed those 2010 taxes? It’s not too late. You can still file and there are plenty of good reasons to do so. First of all it’s the law, and if you […]
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 […]
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 […]
Retrieve IRS Documents from a Previous Year So You Can File Your Late Tax Returns Running a few years behind on your taxes? Still trying to get your 2010 tax return in to the IRS, but missing the necessary forms? You can fill out a previous year tax return for any year from 2005 to […]
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 […]
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