Taxes - One Cent At A Time

The 8 Features of All the Best Tax Relief Companies

January 10, 2019 2 Comments

There is no shame in having problems with tax debt. This is a common worry across people of all different backgrounds and income levels. Everyone experiences financial issues throughout their lifetime. A solution is to find companies that will work to relieve your tax debt without causing more stress.

Tax

Look for specific services offered by tax relief companies to determine if they can help solve your situation. Begin by understanding exactly what the best tax relief companies offer to make the most ideal decisions.

Tax Season Tips

March 15, 2017 Leave a Comment

With just a few weeks left to file taxes, the pressure is mounting. Nearly a quarter of all taxes are filed in the last two weeks, so don’t worry if you fall into that category. Everyone dreads the process. There is nothing fun about digging through old records, organizing under pressure, and possibly finding out how much you owe after the painstaking process.

Tax Season Tips

If by chance you waited too long and are scrambling for time to get your documents in order, you can file for a 6-month extension, by filing form 4868 with IRS.

Investment Strategies to Lower Your Tax Burden

April 4, 2015 Leave a Comment

Every year I file my tax returns early. But this year one of my stock broker’s delayed issuing a 1099 DIV statement. I had to wait this long. Hopefully this coming weekend I’ll be all done with this year’s taxes. In case you are not aware, you have to file your taxes by April 15^th unless you want to apply for extension.

Every year I file my return alone. I don’t go to a tax consultant. But I strongly suggest you should consult with a certified and registered tax consultant, if you feel the slightest of unease. While you go to a tax preparer to file your taxes, there are certain steps that you can take yourself to lower your tax burden for the coming years.

If you’re an E*TRADE customer, check out the company’s Tax Center, which provides an array of tools and resources for customers, all in one place. This includes important information on everything from cost basis reporting and tips on managing capital gains and losses, to frequently asked tax questions.

Property Ownership Doesn’t Need To Be Taxing: How To Maximize On Deductions

November 19, 2014 2 Comments

This is a guest contribution from Tyler Cooper , he has been building and managing a portfolio of buy to let properties for over 7 years now. He enjoys sharing his insights and ideas online through blogging. This post is suited for our UK audiences, who are property owners or going to be one soon.

House ownership taxes

Owning a property opens up a whole range of sometimes complex tax issues but it is not all bad news and there are several ways of making property investment as tax-efficient as possible.

2014 Tax Rates and Tax Brackets – Know Your Taxes

September 29, 2014 11 Comments

Welcome reader! In this article, we will have a discussion around the 2014 tax brackets, tax rates, and standard deduction, as published by IRS. This is more user-friendly format than the IRS document.

Note: This article covers tax information for 2014 tax year. which will apply to the returns due Monday, April 15, 2015.

Income Tax Documents and Forms Needed To File IRS Return

August 21, 2014 8 Comments

There is a huge list of documents that are needed for filing taxation in 2014. Now is the right time to get prepared. Along with the documents, you also have to make it 100% sure that you have all the IRS forms that are needed.

Before moving on to the checklist of documents and forms, I would like you to consider the following steps and read these other important resources.

Read 5 things to bring to tax preparer’s office.
Add the H&R Block checklist and this checklist in file of your important documents, or attach it to the outside of the folder.
When you receive or locate tax documents, make sure to check them off the list and place them in your folder.
Remove anything on the list that you do not need for your tax situation.
Add a page to your documents file to enter all the information and amounts that are not already available on other documents. For example, you may not find bank routing number for direct deposit on any of the documents you have gathered for tax preparation.

Forms you Need for Filing IRS Tax Return

Here are the most common forms a tax payer needs to file return. all documents are in pdf version, you’ll need acrobat reader software on your computer to open. All documents are linked to IRS official site.

Protecting Your Tax Refund From Cyber Criminals

June 1, 2014 Leave a Comment

No one enjoys handing over the year’s tax payment to the Internal Revenue Service on April 15. However, most people expect their tax dollars to be used by the U.S. government, not handed back to cybercriminals that file fraudulent tax returns. Every year, according to an estimate from the Treasury Inspector General’s office, the IRS loses $4 billion because of fraudulent tax returns. Cybercriminals stealing personal taxpayer information have become a major force behind tax fraud.

Research on cybercrime demonstrates that phishing scams and fraud are higher at tax time than at almost any other time of year. In fact, people are only targeted more often for scams during the holiday shopping season. Fortunately, by exercising just a little cyber savvy, taxpayers can keep their personal information from becoming entangled in a case of tax fraud.

Tax Extension Frequently Asked Question

April 14, 2014 1 Comment

I did file our taxes for this year already. I hope you have done so as well. Filing tax return is probably the most important financial responsibility we have. If you haven’t done so, there are only two more days (when this blog post goes live). If you can’t complete the filing in next two days. You should ask for an extension.

In this post we will talk about some important aspects of tax extension. By regulation any one and every one can file for tax filing extension and there is no eligibility criteria. the applications that get rejected every year are basically due to data entry errors, not by qualification. If you feel you need some more time to gather the paper work, you should file for an extension.

Remember all Bad Financial Decisions for Taxes

March 24, 2014 1 Comment

I often mention about my biggest financial mistake till date, it was buying shares of a falling company while knowing it was too big to fail. When the company went in to bankruptcy, I lost a huge sum of money. That was the bad part. A not-so-bad part was the tax write-offs I claimed for next few years on that loss. This article is to remind you making note of all financial losses in 2013 and use them to lower tax burden.

If you haven’t done so, now is the time to file our annual tax return. There are two very important aspects you should understand before submitting your return this year.

Gambling and Taxes – How to Report Taxes on Gambling Win

January 29, 2014 4 Comments

It’s tax time once again and it’s the right time to take a look back on your earnings in year 2013 and report them in tax return. These are the earnings which is in addition to your regular payroll payments or business payments. Even the gains you made while playing online poker or, through any other means which can be termed as gambling.

As per a 2009 study nearly 6.8% of adult population in this country play online poker. Some for fun some for earning money. The win from such activity is taxable, regardless of the state you are living in. More over the taxation on such win is based on honor system. The winning casino will not report your income to IRS. You’ll need to proactively declare that in your tax return.

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Forms you Need for Filing IRS Tax Return

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