October 15th marks the IRS tax deadline for filers with an extension on their 2008 tax returns. One more time in 2009, taxpayers who haven’t filed will crowd the post office lines to mail in their return. Although the tax extension deadline does not seem to carry as much weight as the deadline in April, […]
If you owe back tax, use this simple guide to file fast Is a recession the best time to file back taxes? Many tax experts claim that it is! Right now, people who owe back tax also owe other creditors, and knowing which ones to pay first is hard. The good news? The IRS is […]
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 […]
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