Well, it’s that time of year again. Here’s what you should be doing now – don’t wait until April.
If you filed for a tax extension, remember that’s only an extension of time to file, not an extension of time to pay.
Answers to many post tax season questions.
Many people believe that if after years of timely filing they suddenly put in for an extension a red flag will go up with the IRS. Not so.
Keep in mind that mistakes made on a tax return can cause refund delays because it takes the IRS longer to process your tax return.
The information on the 1095-A will be used to reconcile advance payments of the premium tax credit made on your behalf to your insurance provider.
ObamaCare says if a person did not obtain health coverage for himself, his spouse and dependent children, tax penalties will be inflicted beginning in 2014.
Tax planning needs to occur during the year in question in order to optimize your tax situation.
One thing to consider before deciding on what to do with your refund is to analyze your withholdings and/or estimated tax payment situation.
Your last pay stub includes the same information that would likely appear on your W2.
It doesn’t matter how often you hear the cries for tax simplification, taxpayers and preparers alike every year are introduced to new regulations, new complexity.
The bottom line, according to the IRS, is that e-file is much easier than doing your taxes by hand and mailing paper tax forms.
Topping the list of Dirty Dozen tax scams for 2015 list is a warning to watch out for unscrupulous tax practitioners promising outlandish refunds.
Accounting for business income and expenses has become streamlined.
If you provide your tax pro with well-organized, complete, and totaled data, your fee may be lower.
By keeping track of tax documentation during the year, you cut down on the stress of preparing your data for the following year.
Congress’s habit of waiting until the last minute to vote on important tax legislation leaves very little wiggle room for tax planning.
Former Cheers star John Ratzenberger encourages American shoppers to ask where the “made in America” section is. “And if they don’t have one,” he says, “walk out!”
2015 is sneaking up on us rapidly, and it’s important to know what your business must do when it comes to ObamaCare's employer mandate.
Beware. Unless you understand the highly complex U.S. tax code, you may miss valuable deductions or send up a red flag for audit.