IRS Seeking Volunteers To Help Taxpayers File For Free
Interested in helping the community? The Internal Revenue Service is looking for volunteers to staff its Volunteer Income Tax Assistance centers across the country. Are you in?
Tax news and guidance for individual taxpayers — filing tips, deductions, refunds, and everything else that hits your personal return.
Interested in helping the community? The Internal Revenue Service is looking for volunteers to staff its Volunteer Income Tax Assistance centers across the country. Are you in?
So, two men walk into a Cracker Barrel… It sounds like the start of a joke but for 18 year old Abigail Sailors, a waitress at the restaurant, it was anything but a joke.
Now that we’re into 2014, it’s worth taking a moment to consider what’s different this year from a tax perspective. Congress has made some changes for 2014 including adding a few new provisions and letting some existing tax breaks expire. So what’s different?
The clock is ticking. You have a few hours yet to get in some last minute tax planning for 2013. Can any of these drastic year-end tax strategies work for you?
As the year draws to a close, so, too, are a number of tax provisions for individuals. One of the most talked about is the Mortgage Forgiveness Debt Relief Act, which is set to expire in a few days. The provision allows taxpayers to exclude forgiven or canceled debt from a short sale, foreclosure or other mortgage relief, from taxable income. Will Congress tack on another year or just let the Act expire?
As the 2013 tax year draws to a close, taxpayers are scurrying to figure out how to minimize income and maximize deduction. The most important rule? Timing is everything.
Phone ringing off the hook? It could be scammers.
Gas prices are on their way down… and so are the standard mileage rates. The IRS has announced the standard mileage rates for business, moving and medical expenses for the calendar year 2014.
What would you give up for a new car? Would you sell a kidney? One man has made it clear that he would… and I ponder the tax consequences.
What happens when you have to take care of your parents and your children? The “sandwich generation” is learning the hard way that it can take a toll, both emotionally and financially. Are there affordable options available? Florida may have the answer.