Category Archives: tax extensions

Tax extensions

Think Of Tax Filling? Think Turbo Tax.

Think Of Tax Filling? Think Turbo Tax.

March is coming and many businesses out there know what this means. This period officially marks the time to file in business taxes back to the government. Due to this hectic activity, pressures go high thanks to the labor intensive, time consuming nature of this act. Fortunately, there is Turbo Tax to aid you in your task.

TaxACT Logo

TaxACT Logo (Photo credit: Wikipedia)

Unfortunately, there are numerous software programs out there which claim are capable of easing your way around tax filing, but the thing is, most are mere half baked truths offering dead … Read the rest

Choosing A Tax Attorney

English: Ewa Łętowska, Polish lawyer

English: Ewa Łętowska, Polish lawyer (Photo credit: Wikipedia)

Its tax time and that means you need a good Phoenix tax lawyer. A tax attorney can help you by managing your taxes, maximizing your taxes by finding exemptions and tax benefits and even ensuring that any IRS tax problems are managed quickly and effectively.  However, for this, you do need to find a talented professional tax lawyer and we have created a short guide just for this reason.

Step no 1 – Ask around with friends and family to find a reliable lawyer. People who are happy with their lawyers are … Read the rest

Free Tax Filing For Amended Returns

Free Tax Filing For 2010 Amended Return

Even with the best of intentions, mistakes happen. Sometimes they can be costly. But in the case of amended tax returns, fixing them could be free.

There are any number of reasons why people may want to amend their federal tax return. In addition to correcting simple errors, they may want to take advantage of a new credit, such as the $8,000 first time home buyer tax credit. Or they may have forgotten that lottery win back in July 2010.

IRS Form 1040X, 2005 revision

IRS Form 1040X, 2005 revision (Photo credit: Wikipedia)

Whatever the cause, free tax Read the rest

Tax Filing Assistance For Taxpayers

If you are yet to file your federal income tax returns for 2012, luck is at hand. This year, you will have a couple of additional days to do it.

Rather than the usual 15th April deadline, taxpayers can send their returns in as late as midnight 17th April.

A spokesman for the IRS, Christopher Miller, assured people that they have no need to panic.

The 2 day extension has been granted because the 15th falls on a Sunday, followed by Emancipation Day on the 16th, which is a federal holiday in the Colombia District.

As ever, according to Miller, … Read the rest

Learn About Tax Liability

Tax liability can have you make wrong choices. However, the IRS has been helpful to some people in difficulties such as these. For example, the unemployed and people running small business will benefit from the ‘fresh start’ initiative. In fact, their installment agreement will ensure that there is easier and rational payments made.

Doug Shulman, the IRS commissioner stated that the agency has a duty to work with troubled taxpayers to meet their tax liabilities. Taxpayers have to understand the penalties against defaults arising out of failure to pay taxes on time. For example, 5% of unpaid taxes will be … Read the rest

Proposed Changes From Taxes

The current administration’s proposed budget for 2013 includes some items from 2012 taxes with a wish list of ideas added. Although Congress isn’t obligated to accept all items on the list, in the past, it has accepted some of the ones proposed. Since the U.S. tax code has not had a major overhaul in more than two decades, some analysts expect public debates on everything from tax brackets to tax return filing.

Some of the proposed budget includes changes from 2012 taxes, including individual taxes, corporate taxes, international provisions, and manufacturing tax breaks. Although there are others, the ones … Read the rest