Adjust Your Withholdings & Change Your Tax Outcome

The amount of tax you elect to have withheld during the year has a direct effect on your tax outcome. If you don’t have enough money withheld, you will owe additional tax to the IRS when you file your return. If you have too much money taken out, however, you will get a refund, which […]

Recent Articles

Last Minute Tips for Tax Filers

tax time tips

Feeling the panic now that you’ve waited until the last minute to file your taxes? Procrastination is human. Most of us like to procrastinate if they face a difficult or fearful situation. The same is true with taxes. Often when we find it too difficult to handle, we procrastinate on filing our taxes on time. […]

Read More »

Posted on April 14, 2014 by

More articles from Preparation

Are You Considering Filing an Extension For Your 2013 Taxes?

tax return extension time to file

Although the IRS doesn’t ask for a reason as to why you’re filing for an extension, it does ask that you file an extension by April 15th. If you’re not sure whether or not you should file your tax return by the due date or file an extension, we’ve provided you five reasons why you […]

Read More »

Posted on April 10, 2014 by

More articles from Federal Income Taxes

What To Do if You Can’t Pay Your Taxes

can't pay taxes help

Your heart’s beating double time. You just got back from your tax preparer’s office (or just finished preparing your taxes yourself) and are now facing a huge tax bill that you have no way of paying. Don’t be afraid, panic or delay! Instead, the IRS advises you to do these three things instead. File your […]

Read More »

Posted on April 8, 2014 by

More articles from Federal Income Taxes

Tax Records – What and How Long Should You Keep Them?

saving tax records

When it comes to your taxes, knowing what records to keep and what you can shred, should not be a guessing game. You may not want to have stacks of files that grow for 20 years or more, but there are other ways to manage the paper beast. You also do not want to end […]

Read More »

Posted on April 3, 2014 by

More articles from Federal Income Taxes

Bonus Time: How Bonuses are Taxed and Treated by the IRS

company bonus

For many employees, periodic bonuses bring both joy and confusion. Employees appreciate the extra money from their employers, especially as it often comes around the holidays, but the taxes can be confusing. Understanding how the Internal Revenue Service views bonuses and how they are taxed can help people anticipate how much of the bonus they […]

Read More »

Posted on April 1, 2014 by

More articles from Federal Income Taxes

Subscribe to Taxbrain