Category Archives: 1040 Personal Income Taxes

Waiting for your refund? IRS slowly catching up (USA Today)

The Internal Revenue service is catching up on processing tax returns in this delayed tax-filing season, but it’s still behind last year’s pace. The IRS says it has processed 77.1 million tax returns through March 22, vs. 82 million from … Continue reading

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Mid Year Tax Planning Ideas

From TaxSlayer.com… some of these are too late to do but will work for next year. Although TaxSlayer.com can’t promise everyone a refund, we can say if you follow these 8 tips you should be on your way to a … Continue reading

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Tax Q&A from the USA Today

With about weeks to go to file your 2012 tax return, you probably have questions. Whether you prepare your own tax return or pay someone to do it for you, we are here to help. Every day until April 15, … Continue reading

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11 Common Questions about Taxes from Forbes

Here’s a great article from Forbes answering 11 common tax questions… 1. Are there any benefits to filing early? And what happens if I file after the deadline? The main benefit of filing before April is getting your tax refund … Continue reading

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Kiplinger’s most overlooked tax deductions

As tax filing season 2012 reaches its final month, it’s good to look for the most overlooked tax deductions. Kiplinger’s list can be found here.

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Will I go to jail for not paying my taxes?

… and other frequently asked questions from the IRS. Why Should I File My Tax Return as Soon as Possible? There are two advantages to filing as soon as possible: Generally, if a taxpayer is due a refund for withholding … Continue reading

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Tax Tips? There’s an App for that

From the USA Today. Tax time is a chore for many Americans, particularly those who try to save a few bucks and file the paperwork on their own without any help. But thankfully there are a host of affordable products … Continue reading

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Calculating your stock’s cost basis

From the USA Today. It’s never easy for investors to make money in the stock market. And when they do, the last thing most people think about is how to report those gains to the IRS. Unfortunately, the tax man … Continue reading

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6 Ways to avoid an audit (Wall Street Journal)

Here are some great tips from the Wall Street Journal.

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What to do if you owe but can’t pay (CBS.com)

From CBS.com (MoneyWatch) So you’ve prepared your tax return and found that you owe. What should you do if you can’t pay? One thing you should do no matter what is to file your tax return on time. But if … Continue reading

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