Posts tagged as:

income tax

IRS Notice – What to do if You Receive One

IRS tax notices typically begin in June, 2 months after tax returns were due. If you receive an IRS notice know what to expect and what to do.

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Dividend Income Investing – Constructing a Dividend Income Stock Portfolio

by Arohan

in Money

Investing for dividend income is a smart way to invest in the market and participate in the profits of successful businesses. Sure, the income from dividends might not be as tax efficient as long term capital gains, but there are many other benefits. Depending on your goals and your situation in life, a well constructed [...]

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How and When you Should File an Amended Tax Return

Money

Imagine this: you file your tax return just to learn soon enough that you made an error or omitted important information. Understand when and how you should file an amended tax return.

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7 Income Tax Breaks – Thanks to Your Children

Money

As April 15 inches closer for U.S. tax filers, it’s time to get serious about looking for income tax breaks. This includes tax credits and tax deductions related to your children. Indeed, the fact that you have a family plays heavily in your favor at tax time, with existence of a number of tax breaks. [...]

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Selecting an IRS Payment Plan If You Owe Tax And Cannot Pay in Full

Money

If you owe or will owe the IRS taxes you should consider an IRS payment plan. Understand different payment plans available and which one is best for you.

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5 Income Tax Filing Assumptions that Could Cost You Big

Money

We have a complex tax code that can be quite confusing. Trying to tote up credits and deductions, and working on getting an advantage, can be time consuming work. It is not surprising, therefore, that a number of assumptions about tax filing turn out to be incorrect. And, while some filing assumptions (such as the [...]

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Do You Really Need to Itemize Your Income Taxes this Time?

Money

I’m an itemizer. By the time everything is added up on Schedule A of my Form 1040, my items usually exceed the standard deduction. So I itemize. But the decision to itemize your 2009 taxes may be a little more difficult this tax time, due to the fact that there have been some interesting changes [...]

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Tax-Friendly States for Retirement

Money

Just because you are retired from work, doesn’t mean you are retired from taxes. Where you retire can impact how much you pay in state taxes, sales taxes and property taxes.

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Tax Preparation Checklist

Money

It’s that time of year again: Spring is approaching — and so is April 15. It’s tax time, and if you haven’t got your information together, now is a good time to start collecting the documentation you need to complete and file your tax return. Even if you use a professional tax preparation service or [...]

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