If you haven’t filed your 2009 federal tax return, or need to amend that return because you didn’t claim all the available deductions, you still have time but you’ll need to act quickly. The […]
From the 'Taxation' Category:
Taxes are worse than bills on the pain scale. But tax credits can ease the pain, sometimes substantially. A tax credit reduces the amount of tax you must pay. A refundable tax credit not […]
Retirement savings makes sense for the future but there are also some tax benefits that help along the way. Particularly a retirement savings credit of up to $2,000 if you contribute to a 401(k) […]
If you were married or divorced and changed your name last year, be sure to notify the Social Security Administration before you file your taxes with the IRS. If the name on your tax […]
Is claiming the business use of your home office a good or bad idea? In a word, “Bad!” Why? Especially when the IRS just made it simpler to claim the deduction starting in 2013. […]
This recently came from the IRS. While I don’t completely agree with everything (particularly with item #4 because it could increase the audit risk in some cases), it is pretty sound advice overall. Ten […]
If you have not received your W-2, follow these three steps: 1. Contact your employer first. Ask your employer – or former employer – to send your W-2 if it has not already been […]
Starting January 30, 2013 the IRS will begin accepting tax returns. And the most important question after that date will be “where’s my refund?” For several years the IRS has offered a website to […]
The “Means Test” is a major hurdle for anyone who’s considering filing a Chapter 7 bankruptcy. The Test consists of a financial analysis of income and allowable (necessary) expenses to determine how much “discretionary” […]