(AUTHOR’S NOTE: The contest is now closed. That said, feel free to keep adding haiku!) Tax season officially opens on Tuesday. Why not get started with some free tax software – and a whole lot of fun? It’s my mostly annual and wildly popular taxgirl® Tax Haiku! As with the last few years, the good…
Tax season opens in eight 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…
So here it is, just about 12 hours before midnight on the east coast. You had the best of intentions to do some sort of tax savings strategy before the end of the year and you blew it. You’re done. Or are you? It turns out that there’s still time to do a couple of…
This time of year, there are a lot of articles offering advice about maximizing tax deductions. But not all advice is equal – and those “tax saving” moves aren’t for everyone. Here are eight “tax saving” year end moves that many taxpayers should avoid: Stock Harvesting. Every year, you hear the exhortations to “Sell, sell,…
Santa clearly made it to our house last night: this morning was an explosion of Christmas wrapping paper and holiday cheer. Last night, before the kiddos were tucked into bed, we tracked Santa’s progress via NORAD (North American Aerospace Defense Command, a United States and Canada bi-national organization charged with the missions of aerospace warning,…
With just over two weeks left in the 2014 calendar year, the Senate finally made up its mind about the tax extenders bill. The bill, which extends the life of a number of tax breaks through 2014, passed the Senate 76 to 16. Only 60 votes were needed for approval. Sen. Orrin Hatch (R-UT) referred…
Will tax extenders finally be addressed in 2014? About 55 provisions were not renewed after they expired in 2013. With Congress back in session, the IRS gearing up for tax season and tax professionals unsure of how to advise taxpayers, the clock is ticking.
Tonight, President Obama laid out his plan for immigration reform. It includes the requirement to “pay your fair share of taxes” – but what does that mean?
Al Sharpton agrees with charges that his nonprofit, the National Action Network, owes outstanding taxes to the IRS and the State of New York. He also agrees that he owes personal taxes to the IRS and the State of New York. He doesn’t, however, agree that he owes as much as alleged, charging that the story was intended to call attention to an old story instead of the one he thinks folks should be talking about: Ferguson.
Looking for a way to show your support for our military on Veterans Day? Here are 14 ways to show your thanks to our vets – and some of them come with a nice tax benefit to boot.
