I just heard from a long-time friend of mine who is in a hurry to file her taxes. This woman hurries through everything in life and I often wonder when she will slow down. Anyway, she thinks she needs money coming from her return, so she has gone into online tax prep mode. Well, that [...]
Americans have the benefit of crossing state lines to look for work, to get away from friends and family, or even to enjoy low or no taxes. The tax rate by state is an important piece of information to know because without it you can lose hundreds of dollars each year. Of course, living in [...]
As the good reports come out about the ease and convenience of using online tax efile services, many Americans are jumping on the band wagon. Afterall, why would you want to call a mule service to take you from California to Florida? No doubt you would call your local airline and book a flight that [...]
Many people fear the IRS thinking it is out to get the average Joe. The IRS is responsible for enforcing a controversial law in the U.S., but it is not as bad as some will have you believe. Fear comes out of ignorance, so it is important to find out the truth rather than mull [...]
Yes, you know the feeling! You got all your tax slips and documents you need to file your income tax return. You sit for hours calculating the “what-if” scenarios and then decide on how you will complete your return. You even decide you will use electronic income tax filing because you had a good experience [...]
Most cities and states tax rental property because it is a reliable tax base. While many landlords will tell you that renting property is not always the cash cow people think it is, there is great incentive to let your property for hire. With rental property, you can deduct related expenses you incur [...]
Smart taxpayers know that filing a tax return is not the first stage in tax management. Perhaps that is why they depend on tax planning software to help them reduce their tax liability long before they begin preparing their income tax returns. Tax planning must begin the first day you decide to earn income from [...]
Is it any surprise the IRS taxes your gambling winnings? Gamblers are compulsive freaks of nature, and while many gamblers lose everything including their self-worth, a few manage to beat the system. When you think of gambling you should also include the fair market value of prizes you receive. The luster of a new car [...]
It does not matter how much property we pile up during our lifetime because eventually we have to leave all of it to someone else to manage when we are gone from this world. So it is wise to do property tax planning to arrange for that time when your heirs can assume ownership through [...]
Many taxpayers take advantage of local 1040 tax help and it is the smart thing to do. The Tax Code has become much too complicated for many people and only sophisticated users can manage the intricacies of the Code. Some people just give up and refuse to seek IRS tax problem help until [...]