Tax News Blogs

April 15, 2009 is the last day to claim your 2005 refund! This time of the year, many people seem to panic to complete their tax returns before the deadline to avoid late-filing penalties. The tax deadline to file your current year 2008 tax return is April 15 and is also the deadline to file […]

Taxes take a big bite out of your income, but that bite gets bigger with the addition of late filing penalties. How much bigger? It depends on what you’re late on, and how late you are. For example, there are penalties for late filing, not paying at all, and both can be combined. Here are […]

It’s no secret that the IRS discourages people from filing taxes late. But that doesn’t mean they’ll turn down a late filing in favor of getting nothing at all. People have all kinds of reasons for filing a tax return late, but a top five list might look something like this: One suggested reason for […]

One of the most confusing taxes you’re likely to encounter started out as a favor to small business owners from the IRS: quarterly taxes. Filing late is something that worries many taxpayers, and it’s especially difficult when you don’t have a reliable paycheck because you’re self-employed. To fix this, the IRS allows people to pay […]

Tracking down your prior year’s tax forms can be a scary thought. If you can’t find it, what chance does the IRS have? It’s not as awful as you might think, though: there are some annoying forms to fill out, but they’re not too hard to understand. If you need a copy of 1040 for […]

January 12, 2009 Report tips of $20 or more to employer. January 15, 2009 Individuals: Pay the finall installment of your 2008 estimated tax. Use Form 1040-ES. Farmers and fishermen must file their 2007 return by this date and pay any tax due to avoid penalty. If 4th quarter estimated taxpayment was made by January […]

Are you anxious staring at your tax liability, and wondering how in the world would you be able to reduce it? Here’s an easy way to do it. If you didn’t know, deductions help you to lower your taxable income and can even lower your tax due! Here’s a breakdown of the 10 most commonly […]

5 Bad Reasons to Not File Past Income Taxes I can do my 2007 taxes next year. You could, but you’d be missing out. When you finish filing, you can stop worrying about interest and fees, and possibly even collect a refund! Your 2007 Federal tax returns will never be more rewarding — every day you […]

The best bargain this holiday season isn’t available in any store, this year, why not file your late federal tax return? Whether you need to get your 2005 late federal tax return in order, pore of the 2006 Federal income tax rate table to finally make it through that filing, or collect on your 2007 Federal tax […]

April 15, 2008 was the last day to claim your 2004 refund! This time of the year, many people seem to panic to complete their tax returns before the deadline to avoid late-filing penalties. This deadline in April is not only the last day to file on-time for the current year (2007), but also the […]