The Internal Revenue Service never promised its rules and regulations would remain simple or easy to understand, but the IRS does a pretty good job of making them fair. One example of this, giving gifts, involves what many call “the gift tax.”
Read MoreBeing married has been known to provide a wide array of advantages. However, being single also has its advantages as well. In addition to having all the freedom you want, you can also spend your time and your money the way you want. This can be very beneficial. Likewise, there are also some well-known advantages for being single when it comes to filing your taxes too. In addition to getting to keep the full refund for yourself, there are other reasons why it’s advantageous to be single during tax time.
Read MoreWhen taxes are due in April, many people will wait until the last minute to file. There are many reasons why you want to file your taxes early.
Read MoreEven when we have taken the right steps throughout the year, we still find ourselves incredibly stressed when it comes time to file taxes. There are some basic taxes of which we are all aware, but there are others we forget, or just do not know anything about. Those are the tax consequences that tend to sneak up on us. Continue reading this article to find out about one of those types of taxes and have capital gains tax explained.
Read MoreIf you seek out professional help to complete your income tax return each year you are not alone. The IRS estimates that 80 million taxpayers, a full 56 percent of the people who file individual tax returns, use a paid preparer. But it still takes a little work and knowledge on your part to give your CPA all the necessary tools to complete the best return possible.
Read MoreWhile it may seem daunting at first, all it takes to survive tax season is organization and determination. You can and you will be able to get this done. Just take a deep breath and give yourself a little pep talk before you begin. Tax season doesn’t have to be quite so taxing if you follow these tax day survival tips.
Read MoreNo one wants to pay money to the IRS. No one wants the IRS to chase them down for money, either. If you find yourself in a jam, perhaps you have had your wages garnished and now you want to stop IRS wage garnishment, what do you do? It is possible to stop IRS wage garnishment, so don’t stress too much and continue reading to find out how to do it.
Read MoreTaxes are challenging and tax season is stressful even for those of us that are fully prepared to file our taxes. I do everything I am supposed to when it comes to filing my taxes, but every time I file my taxes, I still have the slightest feeling of dread.
I know there are red flags that cause the IRS to look twice at a tax return. If you can avoid these items in your taxes and follow the rules, you should never have to face an audit.
Read MoreMany of us file our own taxes but probably do not feel good about it, mostly because we feel rushed. If you start early, before the end of January, and compare tax software, not only can you select the right one for you, but you could get a significant discount on the software.
Read MoreGetting married can transform every aspect of your life and that includes taxes. You and your spouse may not even consider the tax benefits of marriage when you exchange vows but the tax breaks couples can enjoy when filing jointly can have big impacts on your financial future.
Your taxes will most certainly change after you get married and this can affect everything from how much money you can save for retirement to student loans. The tax changes you experience when you get married will depend on your unique situation.
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