Preparation Articles

Last Minute Tips for Tax Filers

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. […]

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Posted on April 14, 2014 by

Are You Considering Filing an Extension For Your 2013 Taxes?

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 […]

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Posted on April 10, 2014 by

What To Do if You Can’t Pay Your Taxes

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 […]

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Posted on April 8, 2014 by

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

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 […]

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Posted on April 3, 2014 by

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

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 […]

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Posted on April 1, 2014 by

Procrastinator’s Guide to Filing Your Taxes

Have you ever heard the saying ‘He who is well prepared has half won the battle?’ It seems apt when thinking about taxes. We all need to spend some quality time with our taxes in order to get them filed. Below are strategies that will hopefully guide you to get started or finish your taxes, […]

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Posted on March 24, 2014 by

IRS Has $760 Million for People Who Have Not Filed a 2010 Income Tax Return

WASHINGTON — Refunds totaling almost $760 million may be waiting for an estimated 918,600 taxpayers who did not file a federal income tax return for 2010, the Internal Revenue Service announced today. However, to collect the money, a return for 2010 must be filed with the IRS no later than Tuesday, April 15, 2014. “The […]

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Posted on March 19, 2014 by

Oops! I’ve Made a Mistake on My Tax Return, What Should I Do?

Have you ever had one of those days where you’ve gone to work and discovered that you left your laptop at home? Or how about the time you went to the grocery store to pick up a few things and forgot the most important item you needed? What if you’ve realized that you have forgotten […]

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Posted on March 18, 2014 by

Health Care Tax Tips

Starting in 2014, you must choose to either have basic health insurance coverage (known as minimum essential coverage) for yourself and everyone in your family for each month or go without health care coverage for some or all of the year. Below are a few basic tips to keep in mind about the new health […]

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Posted on March 14, 2014 by

What to Do if You Fall Victim to a Tax Scam

The phone rings and it’s the IRS – or so says the caller on the other end. The conversation that follows is aggressive, demanding and frightening. According to Consumer Reports, what’s really going on is a scam where criminals are preying upon people’s fears of making a tax return mistake or the appeal of getting […]

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Posted on March 12, 2014 by
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