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Do You Have to Pay taxes on Unemployment Income?

Do You Have to Pay taxes on Unemployment Income?

Tweet Finding Out if You have to Pay Taxes on Unemployment Benefits Unemployment remains high and is still in the double digits in some states, but many Americans are filing taxes while unemployed for the first time. Tax laws are governed by the state of the economy, and the government makes amendments from time to […]

Do I Need an Accountant or CPA? Knowing When to Outsource Your Taxes

Do I Need an Accountant or CPA? Knowing When to Outsource Your Taxes

Tweet Finding an Accountant Can Lead to Big Tax Savings If you’re like most Americans you probably have a good handle on completing your taxes on your own. Over the years it has become incredibly easy for anyone with a computer thanks to TurboTax and H&R Block At Home to sit down and go through […]

How to Spend Your Tax Refund

How to Spend Your Tax Refund

Tweet Whenever tax seasons rolls around there are a lot of people who are chomping at the bit to get their hands on their tax refund. And for good reason. The average tax refund in recent years has been hovering around $3,000, and that’s just for federal taxes. Obviously, a $3,000 windfall could mean a […]

What to Do If You Can’t Pay Your Taxes on Time

What to Do If You Can’t Pay Your Taxes on Time

Tweet As the tax deadline looms, it is an appropriate time to explore what can happen to a taxpayer who is unable to make their tax payment to the IRS. While this is not a situation you typically plan on being in, it happens to the best of us. At least you have a few […]

How to Check Your Tax Refund Status and When It Will Be Deposited

How to Check Your Tax Refund Status and When It Will Be Deposited

Tweet Once you’re filed your taxes, either electronically via eFile, sent off by your accountant, or mailed in the old fashioned way, you’re probably wondering when you can get your hands on that tax refund check. You can check your tax refund status 24 hours a day, 7 days a week, using the Where is My Refund tool on […]

It’s Not Too Late to Max Out Your 2011 IRA Contribution in 2012

It’s Not Too Late to Max Out Your 2011 IRA Contribution in 2012

Tweet Max Out Your 2011 IRA in 2012 The calendar may have flipped to the new year, which means most tax tricks, tips, and deductions have closed the book on last year’s taxes, but that isn’t the case for your IRAs. Individual Retirement Accounts are unique in that they give you up until when you […]

How to File a Federal Income Tax Extension

How to File a Federal Income Tax Extension

Tweet What happens when the April tax deadline is rapidly approaching but you still haven’t been able to get your tax return ready to file? Well, there’s some good news. You can actually file for an extension. Under the right circumstances, a tax extension is a useful tool that can be used to help your […]

The Tax Filing Deadline is April 15th, 2014 but When Should You Mail Your Return or Have it Postmarked?

The Tax Filing Deadline is April 15th, 2014 but When Should You Mail Your Return or Have it Postmarked?

Tweet The tax deadline for 2013 is quickly approaching and I’m sure many of you who were scheduled to receive a tax refund have already filed and even cashed your refund check. But for those of you that owe money this year, the looming deadline isn’t going away. So if the tax filing deadline for […]

2011 Sales Tax Holiday Schedule

2011 Sales Tax Holiday Schedule

Tweet Sales tax is just one of those expenses we typically ignore. Every time we make a purchase the tax is just automatically added to the bill and since there’s nothing we can do about it’s easy to just forget about it or automatically factor it in. Plus, since often times we make just small […]

How to Pay Estimated Quarterly Taxes

How to Pay Estimated Quarterly Taxes

Tweet For the self-employed or anyone who doesn’t have taxes automatically withheld from their paychecks it usually means paying estimated quarterly taxes. When you have taxes withheld the IRS is happy because they get part of your taxes due in regular installments. When you don’t have taxes withheld they still want their money and don’t […]