Category: Uncategorized

Related to 2010 Taxes but doesn’t fit directly into a category.

Missed the April Tax Deadline 2022?

Tax season is here again, and if you’ve missed the April Tax deadline 2022, you have some important decisions to make. First thing’s first: what should you do if you missed the April 15th Tax Deadline? You can do three things.

April 18 was the deadline to file your tax return. If you missed the filing deadline and need more time, we can help. Apply for an extension of time to file your return by April 18. Depending on your situation, you don’t have to pay any additional taxes due by doing this. The extension gives you until Oct. 15 to file and pay taxes without penalty or interest charges.

April Tax Deadline 2022

Tax Deadline

Tax laws are complex, and filing late can lead to costly mistakes. This year, there’s still time to discharge your taxes if you missed the April deadline by filing an extension. April is the best month for tax extensions. If you owe interest or penalties skip straight over to the payment instructions and find out how to pay now and avoid late fees, penalties, and interest charges. For details on other extensions, see below…

Don’t stress. You have options if you missed the April tax deadline. If you’re looking for resources to help, visit IRS.gov, or call 800-829-1040.

Penalties and Interest

If you’ve filed your taxes late, you should send a payment as soon as possible to avoid penalties and interest. The IRS accepts many forms of payment, including by check or money order, online payment via debit or credit card, and even payment by phone with a credit or debit card. No matter which method you choose, it’s important to include a cover letter with your name, social security number and the exact amount you are paying.

Extra Time To File

Because of recent major disasters declared by the President, taxpayers who have been affected by these events have extra time to file their tax returns and pay any taxes due. This includes some disaster victims, taxpayers living overseas, certain military service members and eligible support personnel in combat zones.

The Department of Defense offers Military OneSource® members a free tax resource through MilTax. Eligible MilTax users can file their federal and up to three state income tax returns for free. MilTax is easy to use, accessible from any computer with internet access, and takes only about 20 minutes.

TurboTax CPA Select


TurboTax CPA Select

Every year most everyone has to prepare their taxes and often it is confusing and a pain to do; however, with TurboTax, the hassle is taken out of preparing taxes. For example, with Turbo Tax, you have many deductions to consider but the hassle is taken out by answering preset questions and then answering them. As you answer the questions, a display will show you on the total refund amounts.

If you have questions as you work on TurboTax, you can get help from an email, the phone, on a message board or talking with a tax professional. In addition, there is a database that can offer quick answers to your tax questions. TurboTax gives a guarantee that their calculations are accurate but if there is a penalty for an error made by TurboTax, they will pay the penalty and refund your money back.

Often with this tax method, you will find a bigger refund and by using TurboTax, there is less anxiety when working on your taxes. TurboTax can be found at office supply stores such as Best Buy and Staples. Prices vary on TurboTax from store to store.

All you have to do with TurboTax is to install it on your computer and then follow the instructions. When you are ready to use this product, pull out all the information you need to file your taxes such as W2s, 1099s, interest and medical expenses. Then, just follow the questions. Forms you need for this process are inside the program. Next, fill out all of the information that TurboTax needs and then continue on with the program. Finish you work by printing it out and mailing it on or file it by efiling

This method of filing your taxes is economical, timely, efficient and most of all you get your taxes done without worry and stress!

In addition, for those who want additional tax help, try the TurboTax CPA Select.

Related articles

Do I Really Need to Hire a Tax Consultant?


If you ever start your own part time business, keeping track of your finances is one of the needed keys to a successful business. In addition, learning how to read the tax laws is important as it allows you to keep your hard earned money. However, since the tax laws change frequently, it’s a good idea to hire your own professional tax consultant. It saves you on hassle and if you find a good one, they will do their job better than you ever could. So if you want your business to run smoothly, learn how to find a tax consultant.

First, ask your friends and family if they know someone suited for the job. A tax adviser that someone else knows is more likely to be trustworthy. If not, then it’s time to pick up the phone book and start interviewing everyone. Keep in mind that some people only want your money and aren’t necessary good for your business. Avoid these scammers. If you are interviewing a potential adviser and they demand to be paid for being interviewed, they are a bad fit, drop them fast. Be sure to interview several people before deciding on who to go with. Also, even if you hire someone that sounds good, there is a small chance that it may not work out. If it doesn’t, simply fire them and try again.

You may not need to hire a tax consultant if you are determined to do your own taxes. However, unless you plan to study up on all of the laws, you may make a mistake somewhere. Some people don’t want to get a tax consultant because it costs money, but the resources they save you are worth more than you are paying them. A good tax consultant will be able to save your business money in places that you may not have figured out yourself. Of course, a bad consultant can do the same thing, but they won’t follow the tax laws correctly, leading to trouble down the line. Before you choose a tax specialist, weigh the pros and cons first.

Related articles

Strategies for Settling Tax Debt


Every taxpayer has several options for resolving his federal tax debts. There are many tax professionals who are willing to help individuals to evaluate their options for dealing with tax debts. They will prepare financial statement for their clients based on their financial situation to determine which tax settlement strategies are most applicable for them.

Below are the five strategies to settle your tax debts.

1. Installment agreement –  This is a monthly payment plan for paying off your Internal Revenue Service. With this IRS tax debt settlement strategy, either you or your tax professional can set up an instalment agreement by filling out some paper works, over the phone or by using online payment agreement.

2. Not currently collectible –  It means that the taxpayer has no ability to pay his tax debts. After the Internal Revenue Service received the evidence that you have no ability to pay, it will declare that you are “currently not collectible”. After declaration, the IRS shall stop all collection activities including levies and garnishment.

3. Partial payment installment agreement –  This is an IRS tax debt settlement strategy that contains a fairly new debt management program. Through this, you will have a long term payment plan to pay off the Internal Revenue Service at a reduced dollar amount.

4. Filing a bankruptcy – As a tax payer, you can be eligible for discharge under Chapter 7 (which provides full discharge of your allowable debts and which is most likely applicable when you have no real state or when you have modest income) or under Chapter 13 (where you will be provided with a payment plan to repay some of your debts, with the remainder of debts discharged) of the Bankruptcy Code. However, not all tax debts are capable of being discharged in bankruptcy.

5. Filing an offer-in-compromise –  It is one of the best ways to settle your tax debts for even less than the amount you owe. There are 3 options for this IRS tax debt settlement strategy: lump sum payment, monthly payment for over 24months or less, or monthly payments over the remaining statute of limitations. If you choose the lump sum payment plan, you must submit at least 20% down payment or must start making monthly payments if you choose any of the two monthly payment options.

There are several tax settlement strategies you can choose from. However, there are certain requirements for each option that you have to comply first before you become eligible.

Related articles
Exit mobile version