10 Most Tax-Friendly States in the U.S.
10 Most Tax-Friendly States in the U.S. Given a choice of several job opportunities across the country, or several contiguous states in which to live for a job in the area, don’t overlook the impact of state and local taxes on your household finances. These ten states impose some of the lowest taxes in the U.S., […]
5 Easy Ways to Fight the Urge to Borrow Against Your Tax Refund
5 Easy Ways to Fight the Urge to Borrow Against Your Tax Refund Sometimes we need money as soon as possible but borrowing money is not always a good idea. Taking out a loan based on the money you’re expecting to get back from the government sounds harmless. Tax refund anticipation loans, or RALs, are […]
Tax Fraud Queen Sentenced to 21 Years in Prison (VIDEO)
“Tax Fraud Queen” Sentenced to 21 Years in Prison Tax fraud has always been a problem, and with the growth of the internet the identity theft business has been booming. One particular case sticks out from the rest. Self-proclaimed “Tax Fraud Queen” Rashia Wilson posted on social media sites like Facebook, Twitter, and Instagram that she […]
IRS Budget Cuts May Make For A Nasty Tax Filing Season
IRS Budget Cuts May Make For A Nasty Tax Filing Season The Internal Revenue Service on Tuesday began accepting tax returns electronically, and paper returns will begin to be processed at the same time. In a statement, the IRS reminded taxpayers that filing electronically is the most accurate way to file a tax return and […]
Summary of Federal Tax Law Changes for 2010-2016
Learn how federal tax law changes could impact your tax return in 2010 and beyond. Many of the tax breaks in recent tax-relief bills were designed to be phased in over a number of years, or are indexed to inflation. To help you determine how these tax laws affect your long-term planning, this article explains […]
When Will You Get Your 2015 Tax Refund Check?
The IRS plans to start processing 2015 tax refunds on Jan. 20, 2015. If you’re expecting a 2015 tax refund, every day you wait to file is another day you have to wait to get back money that’s rightfully yours. 2015 Tax Refund Schedule Basics There are two main factors that affect how long it […]
Do You Really Have To File Tax Return in 2015?
Tax season opens in a few days. The Internal Revenue Service expects to process nearly 150 million individual tax returns by the time tax season wraps. Will you be filing one of those returns? And more important, do you need to? For the 2015 tax season, you’ll report the income that you received in 2014. That […]
IRS Opens Tax Filing Sooner in 2015
The IRS will open the 2015 tax filing season on Jan. 20, or 11 days sooner than it began accepting returns one year ago. The start date applies to both paper and electronic returns and was set after Congress renewed several “extender” provisions of the tax law that expired at the close of 2013 but have […]
3 Important Things to Know About the Capital Gains Tax in 2015
With the holiday season coming to a close and consumers coming to terms with the fact that it’s about time to head back to work, another reality is about to set in: It’s practically tax time. For most Americans, taxes rank right above watching the grass grow and the paint dry in terms of excitement. […]
Obamacare Will Change Your 2014 Tax Return
W-2s and 1099s for 2014 will soon be arriving in the mail. So it’s not too early to start thinking about putting together your Form 1040 for last year. For 2014, there are only two important federal income tax changes for individual taxpayers (beyond the usual inflation-indexing of tax rate brackets and various other tax […]