So You Missed Tax Day, What Next?
Here are some quick tips if you didn’t get your return filed on the big day.
Tax news and guidance for individual taxpayers — filing tips, deductions, refunds, and everything else that hits your personal return.
Here are some quick tips if you didn’t get your return filed on the big day.
Note: I’m constantly updating as questions come in – so check back throughout the day! I hear you! I’m getting lots of last-minute questions today via email, Twitter and Facebook. I’m going to try and answer as many as I can today but please understand that I can’t get to all of them. And to…
When it rains, it pours. In the midst of an already tense tax season, taxpayers had a brief moment of worry last night when the online system for TurboTax appeared to melt down. After a few error messages, some angry tweeting, and a little hyperventilating, things returned to normal. So what happened? According to Julie…
It’s nearly Tax Day. If you’re like me, you’re not ready to pop your return in the post just yet. That’s right: like more than 10 million other taxpayers, I’m filing for an automatic extension this year. Don’t get all judge-y. There’s no need. There are lots of legitimate reasons why taxpayers need more time…
Z is for Zombie Debt. Zombie debt. Even the name conjures up the specter of bloodsuckers. And it’s kind of apt. Zombie debt is the term given to debt that is supposed to be dead but gets a new life courtesy of debt collectors. It includes old debts that are uncollectible due to the statute…
On Friday, I tackled some last-minute tax questions from readers and viewers via Google+ hangout. You can watch the entire hangout here (be forewarned, it’s about an hour-long). In addition to last-minute tax tips – and filing errors to avoid – I promised some follow-up information in the piece, so here you go… Rules for…
Y is for Year-End Bonus. Did you get a bonus in 2012? If so, kudos. Annual bonuses are becoming a rarity these days. They are, however, still issued, either as recognition for making to the end of the year (!) or for outstanding service. No matter the reason, bonuses are considered taxable income to the…
With Tax Day just around the corner, it’s go time for taxpayers. If you’re struggling to get those returns finished, here are thirteen last-minute filing tips: 1. Get some free help. Free help is still available for qualifying taxpayers. If you have a simple return and income less than $50,000, contact IRS VITA at 1.800.906.9887…
With only a few days left before April 15, it’s time to wrap up those returns! Come hang out with me (and my esteemed editor, Janet Novack) at our Forbes Google+ Hangout on Friday, April 12, 2013 at 12:00 p.m. EST. I’ll be talking about common filing errors and offering last-minute tax tips. You’ll have…
W is for Workers’ Compensation. For federal income tax purposes, workers’ compensation awarded under a workers’ compensation act or statute due to work-related sickness or injury are fully exempt from tax. Payments to your survivors under the same circumstances are also exempt. The same cannot be said for retirement plan benefits. If you receive those…