Tag Archives: Tax

Guidance on Preparing Your 2014 Taxes

Usually, tax planning is not included on most people’s lists of new year’s resolutions. However, maybe 2014 ought to be the year when you make the effort to understand more about your taxes. This will allow you to correctly plan and organize your responsibilities.

This resolution will help you once tax season arrives, and it might result in you saving more cash over the long run.

Here’s some advice to help you get started on achieving this goal:

Organize your tax file for 2014. This might be an online file, where you can scan transactions and documents over the course … Read the rest

Check Tax Return Online

Check Tax Return Online

Since the 2008 Economic debacle, the U.S. has looked for ways to maximize income while minimizing expenses. As a government’s chief method of income is the taxation of its citizens, the Federal government has looked to allowing the lapse of Bush era tax breaks, raising taxes where appropriate, and stricter guidelines for tax professionals.

This ethos is trickling down to the state level. In some of the harder hit states, new and tighter regulations concerning the taxpayer and his/her tax bill are coming into existence and the taxpayer is facing new and more intense scrutiny. … Read the rest

Tax Carnival Ecstasy – July 2, 2013

This image depicts the total tax revenue (not ...

This image depicts the total tax revenue (not adjusted for inflation) for the U.S. federal government from 1980 to 2009 compared to the amount of revenue coming from individual income taxes. The data comes from the Office of Management and Budget’s record of the ‘Budget of the US Government FY 2011’, specifically the ‘Historical Tables, Table 2.1.’ The information is also here. (Photo credit: Wikipedia)

Welcome to the July 2, 2013 edition of Tax Carnival Ecstasy. In this edition we start with an article from Bill Smith on completing your 2012 tax return for free if you have not already. … Read the rest

Completing Your 2010 Taxes

Completing Your 2010 Taxes

Completing an annual tax return is a responsibility that is shared by all American wage earners.  If you fail to file a tax return in any given year, you could face both legal and monetary penalties.  If you have not yet filed past due tax returns for your 2010 taxes or previous years, it would be a good idea to file a complete tax return for those years as soon as possible to avoid being penalized.

When looking to complete a return for 2010 or a previous year, the first thing that you need to do … Read the rest

Tax Carnival Ecstasy – May 24, 2013

Welcome to the May 24, 2013 edition of Tax Carnival Ecstasy. In this edition we start with an article from Bill Smith on TurboTax having an issue with their service at the very end of the tax season this year. John Schmoll from Frugal Rules discusses the financial concepts that he understood before he left college in a nice post. And finally Edward Webber looks at the amount of income you can earn before you need to file a tax return. Hope you like all articles, bookmark, share on Facebook, Tweet, and come back really soon.

English: The headquarters of Intuit Consumer T...

English: The headquarters of

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Why Does Intuit Want To Strike Down Return-Free Tax Filing?

Why Does Intuit Want To Strike Down Return-Free Tax Filing?

Most Americans don’t know much about return-free filing, but it’s popular in certain countries. In applicable countries, the government prepares a taxpayer’s return each year. This government-prepared return is created using employer and banking records. A taxpayer can submit this return to the government free of charge without making any changes. By using this concept, taxpayers can save time and money each year.

YOU ARE ONE OF 50,000,000 AMERICANS WHO MUST F...

YOU ARE ONE OF 50,000,000 AMERICANS WHO MUST FILL OUT AN INCOME TAX RETURN BY MARCH 15. FILE YOURS EARLY. – NARA – 516201 (Photo credit: Wikipedia)

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