Tax

What Are Your Options if You Have a Tax Liability?

tax tips

For many, tax season is a time of big spending as refunds come rolling in. If you owe money to the IRS, though, there will be no big spending. What if you have a tax liability that you can’t pay? This is surprisingly common, and the IRS is almost always willing to work with people who have tax debt, particularly if they are honest and make a diligent effort to ...

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5 Last-Minute Tax Tips for You

tax

There are countless reasons why many Americans wait to the last minute to file their taxes. In fact, statistics show that the number of late filers is growing, which is okay as long as you do not over look anything. The following are five last minute tax tips just for you. Take Your Time  When people are pressed for time, they feel rushed. Well, you need to do your best ...

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What the US Taxpayers Need to Know about 2016 Tax Law Changes

The federal tax return should be in accordance with the law. The problem is laws are subject to change. The taxpayers need to keep updating themselves and stay posted about changes in the existing laws. Or else, their tax return filing may not be according to pertinent legal clauses. This year’s filing date 2016 is the year of changes. The first change is the deadline date. The deadline for tax ...

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Everything That You Should Know about the 2016 IRS Tax Return Filing

The IRS has opened the tax filing for 2016. The process began from January 19 of this year. The next tax filing timeline is between April, 4 and April 18, 2016. The estimated date for direct deposit sent to the bank accounts of those, who file their return between the two said dates is April 16, 2016. For paper check mailed to them, the estimated date is April 18th of ...

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Three Commonly Overlooked Tax Credits & How to Claim Them

tax

It’s officially that time of year again: tax season! April 15th is the deadline for filing your taxes to find out if you own Uncle Sam money. With any luck, he may owe you some, and we’re trying to tip the scales in your favor by sharing three tax credits that are most often overlooked. Saver’s Tax Credit What is it? This is a tax credit that is aimed at ...

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Tips On Saving Tax All-Round the Year

tax

As we approach the first quarter of the year, we, the professionals and the entrepreneurs, are more concerned about the income taxes than any other thing in the world once we are through the festive season. During this time of the year, we generally fall back to the accounting services or the income tax consultants for their valuable tax advice. But one very common problem in falling back to them ...

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